To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Although the rising demand for UHD will offer immense growth opportunities, the lack of 4K content will challenge the growth of the market participants. Inc., Vu Televisions, Xiaomi Inc, and Dynavision Ltd are some of the major market participants. Ltd., Sharp Corp., Sichuan Changhong Electric Co Ltd, Sony Group Corp., TCL Electronics Holdings Ltd, Toshiba Corp., VIZIO Holding Corp. Ltd., Hisense International, Intex Technologies, Koninklijke Philips NV, LG Corp., Micromax Informatics Ltd, MIRC Electronics Ltd., Panasonic Holdings Corp., Samsung Electronics Co. The report identifies Apple Inc., BBK Electronics Corp Ltd, Haier Smart Home Co. Such advances, in terms of product design and utility, will differentiate the products of vendors. For instance, LG is adding both Amazon's Alexa and Google Assistant to its UHD LCD TV product line. To gain a competitive advantage in the market, vendors are introducing advanced technologies. The competition among the vendors will intensify during the forecast period. They are competing based on features, technologies, displays, and prices. The intense competition and increasing technological advances are significant challenges for vendors. The market is at the growth stage of the product lifecycle, which is characterized by increased sales and a decline in the cost per customer. The report provides a detailed insight into the vendor landscape, product launches, and successful strategies adopted by key vendors. These vendors are adopting several growth strategies to expand their market shares as well as their customer base. Top vendors hold a significant share of the market. The market structure is fragmented with the presence of several players. According to the report, the market size is expected to increase by USD 313.44 billion, accelerating at a CAGR of 22.35% during the forecast period. 11, 2022 /PRNewswire/ - The " UHD TV Market by Display Type, Screen Size, Type, and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering.
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