Propelled by 3D imaging and Advanced Technology, Global Curved Television Market to Reach US$8.4 Bil
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The global curved television market, which was worth US$0.14 billion in 2013, is set to accelerate to reach an overall value of US$8.4 billion by the end of 2019. This implies a CAGR of 96.7% from 2013 to 2019. Making this possible are several advantages that the global curved television market offers, including advanced 3D rendering capabilities, better viewing angles, the use of light emitting diodes (LEDs) and organic light emitting diodes (OLEDs), and the advent of the ultra-high definition (UHD) resolution of images. But beyond any of the above, the biggest selling point of most units in the global curved television market is their low power consumption on OLED screens.
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Global Curved Television Market Restricted By Pricings
One of the key reasons for the cautiousness of consumers in the global curved television market is the extremely high pricing of the current models available commercially, the reason for this being that curved TVs are currently in an accelerated stage of development and the competition has not increased yet. Experts say that in time, healthy competition and cheaper raw materials will create enough of price cuts for the average consumer to buy. Combined with the rising number of individuals and families with a high disposable income, the global curved television market is poised to hold a prominent position. Pricing will no longer be a restrictive aspect and the consumer will find appeal in the advantages that a curved TV offers.
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