Worldwide TV shipments are riding high, ending 2018 with the strongest growth rate this decade, with value up by 6%, according to a new market report from Futuresource Consulting. The report also reveals that 8K shipments, despite major obstacles, will grow considerably from 0.2 million units in 2019, with 130% CAGR through to 2023, as brands get behind the technology.
“Last year, worldwide TV shipments chalked up 227 million units, with a trade value of $85 billion,” says Matthew Rubin, Senior Market Analyst at Futuresource Consulting. “All this action is the result of a number of factors, applying pressure and influencing the landscape. Price reductions for premium technologies like 4K have started to open up the mass market; meanwhile, major investment in South East Asian production has not only helped the local market, but also driven down large screen pricing across the globe. And despite some localised macro-economic problems, which have caused significant shipment fluctuations for several countries, the world view is positive.”