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After Years of Flattening, Curved TV Screens Leap into the Global Market, According to NPD DisplaySearch(April 07, 2014)
Santa Clara, Calif. (PRWEB) April 07, 2014
After spending almost two decades trying to make televisions flatter, curved TVs emerged again last year. According to the latest NPD DisplaySearch Quarterly TV Design and Features Report, curved TV display shipments are now forecast to reach nearly 800,000 units in 2014, and are expected to exceed six million units by the end of 2017. Curved TV is a styling-led fashion that is expected to peak in LCD TVs in 2016, although growing shipments of OLED TVs are forecast to boost curved TV shipments in 2017, as well.
The global TV market hit a peak in 2011, and after two straight years of decline in shipments and revenues, brands are exploring many avenues to revitalize the market, including OLED displays, curved screens, and increased resolution (4K or ultra-HD).
The novelty of curved screens is expected to wear off with time, leading to shipments peaking and then tailing off, said Paul Gray, director of European TV research for NPD DisplaySearch. Even so, curved screens will have completed the important task of differentiating new high-end models, thereby helping to boost overall value in the global television market.
Curved LCD displays emerged as a spoiler for new OLED models at IFA 2013, but with Samsung, LGE, and several Chinese brands all showing curved screen LCD TV models at this years Consumer Electronics Show (CES), they are now more commonly seen in the market. Brands are not staking their futures only in curved screens or any other single feature, but are instead exploring a whole mix of features to attract television buyers, Gray noted.
In addition to curved screens, TV manufacturers are leveraging other technologies to spur TV sales. Although widely promoted, OLED TVs still face significant manufacturing problems and at best only 100,000 will ship in 2014, with shipments likely to break the million-per-year level only in 2016. LCD has proved a tough act to beat, because it is a mature, efficiently-manufactured technology, with a surprising amount of room for innovation left in it, according to Gray.
The innovation race continues with screen resolution. Netflix announcement of 4K streaming services in 2014 provided convincing content to support expansion of the category. Shipments of ultra-high-definition (UHD) 4K TVs are forecast to exceed 12 million units in 2014, rising to 62 million in 2017. Demand and shipments of 4K TVs will be dominated by China, with 83 percent of 4K TV shipments in 2013, falling to 46 percent in 2017, as the rest of the world catches up. 4K TV is currently grabbing a lot of headlines, but it would not have been possible to deliver 4K, had there not been investment in connected TVs, over the past five years, Gray said.
The NPD DisplaySearch Quarterly TV Design and Features Report tracks connected TVs by region, size, display technology, and connected TV type. For more information, please contact Charles Camaroto at 888-436-7673 or 516-625-2452, e-mail contact(at)displaysearch(dot)com, or contact your regional NPD DisplaySearch office in China, Japan, Korea or Taiwan.
About NPD DisplaySearch
NPD DisplaySearch, part of The NPD Group, provides global market research and consulting specializing in the display supply chain, including trend information, forecasts and analyses developed by a global team of experienced analysts with extensive industry knowledge. NPD DisplaySearch supply chain expertise complements sell-through information from The NPD Group, thereby providing a true end-to-end view of the display supply chain from materials and components to shipments of electronic devices with displays to sales of major consumer and commercial channels. For more information, visit us at http://www.displaysearch.com. Read our blog at http://www.displaysearchblog.com and follow us on Twitter at @DisplaySearch.
About The NPD Group, Inc.
The NPD Group provides global information and advisory services to drive better business decisions. By combining unique data assets with unmatched industry expertise, we help our clients track their markets, understand consumers, and drive profitable growth. Practice areas include automotive, beauty, consumer electronics, entertainment, fashion, food/foodservice, home, luxury, mobile, office supplies, sports, technology, toys, and video games. For more information, visit npd.com and npdgroupblog.com. Follow us on Twitter at @npdtech and @npdgroup.
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