US 4K/Ultra HD display shipments to grow by 105% in 2016 | 4K/UltraHD | News | Rapid TV News
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It looks like 2016 is the breakthrough year that the Ultra HD TV market has been looking for, according to the Consumer Technology Association’s (CTA) semi-annual forecast.

us Ultra HD 2016The latest version of the trade body’s industry report, US Consumer Technology Sales and Forecasts, says sales of burgeoning tech products such as wearables, smart home devices and drones will deliver an increase of 1.3% over last year’s industry revenues. It adds that the five largest categories of the tech industry — including smartphones, tablets, LCD televisions, laptops and desktop computers — will collectively contribute $114 billion (51%) to the tech industry’s revenue in 2016.

Smartphones and TVs will be responsible for most of that growth in 2016. However, in 2017, for the first time in several years, these five categories combined will account for a little less than half of industry revenue.

The CTA believes that for the 4K/Ultra HD TV ecosystem, 2016 will be a flagship year, driven in part by the market introduction of next-generation technologies like HDR. CTA expects shipments of 4K/Ultra HD displays will reach 15 million units (a 105% increase), and revenue will exceed $12.9 billion (a 69% increase). CTA adds that new to the market in 2016, 4K/Ultra HD Blu-ray players will further build the ecosystem with 700,000 units sold and $63 million in revenue.

It adds that overall the TV market will remain on par with 2015, with unit sales estimated to reach 39.7 million units in 2016 (down 1%) and revenues expected to reach $20 billion (up 3%). LCD TVs, the category leader, will contribute 38.9 million units (a 1% decline) and $19.2 billion (up 2%). Key areas of growth are large screen sizes, 4KTV and smart TV displays.

“We’re in the midst of a critical transition period, as more IoT products offer the anytime/anywhere access and seamless experiences that today’s consumers want and need,” explained Gary Shapiro, president and CEO, CTA. “This is a pivotal point in consumer technology history, as emerging tech categories – virtual reality, voice-controlled digital assistants, drones – push the entire industry forward. And the value of these innovations goes far beyond entertainment– today’s technology is changing our lives for the better.”