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Unedited press release follows:
One-Third of US Households Will Have 4K TVs in 2019, IHS Says
The United States leads Western Europe, followed by China, while Japanese household penetration will be comparatively low
TOKYO, Japan (December 10, 2015) – Ultra-high definition (UHD) 4K LCD panels have recently experienced steep price declines, allowing 4K TV set prices to fall significantly and increasing consumer adoption and household penetration. By the end of 2017, most 50-inch-and-larger TVs worldwide will feature 4K resolution, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. With its comparatively strong economy and consumer penchant for large-screen TVs, 4K TV household penetration in the United States will reach 34 percent in 2019.
According to the latest information from the IHS TV Sets Intelligence Service, 4K TV household penetration in the European Union is expected to reach 25 percent in 2019. Growing availability of UHD content from Internet and pay-TV providers will support this trend. Switzerland is expected to reach 32 percent penetration in 2019, followed closely by the United Kingdom at 31 percent.
While Japan is a developed premium TV market, only 14 percent of all households are expected to have a 4K TV in 2019, because most households already have relatively new TVs. Domestic TV demand swelled to more than twice its normal level between 2009 and 2011, when the Japanese government ran an eco-points subsidy program for energy-efficient products and there was a nationwide analog TV switch-off.
“With the Japanese consumer preference for smaller TV screens, it will be more difficult for 4K TV to expand its household penetration in the country, even though UHD broadcasts are set to begin in 2018, in the run up to the Tokyo Olympic Games in 2020,” said Hisakazu Torii, Senior Director of Consumer Device Research for IHS Technology.
Unlike Japan consumer adoption of 4K TVs in China is expected to be relatively high, with household penetration reaching 24 percent in 2019. In other emerging countries, where many households either have smaller LCD TVs or CRT TVs, 4K penetration will be lower: 11 percent in Russia, 8 percent in Brazil and 2 percent in India.
The IHS TV Sets Intelligence Service includes shipment and revenue data, average prices, average screen sizes and shipment area across 80 countries. All metrics in the database are further split by manufacturer, display type and resolution. For more information about this report, contact the sales department at IHS in the Americas at +1 844 301 7334 or AmericasLeads@ihs.com; in Europe, Middle East and Africa (EMEA) at +44 1344 328 300 or email@example.com; or Asia-Pacific (APAC) at +604 291 3600 or technology_APAC@ihs.com.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 150 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs about 8,800 people in 32 countries around the world.