Shipments of 4K LCD TV panels exceeded three million units in April, setting a new monthly record, according to IHS figures.
The research firm said that in April, 4K TV panels accounted for 14% of all TV panels shipped, with shipments continuing to rise driven by “forces on both the supply side and the demand side.”
IHS said that 20% of all TV panels forecast to ship in 2016 will be 4K panels – thanks to a trend towards higher resolutions in the high-end TV segment and better production efficiency among panel makers.
“Prices for 4K TV panels continued to decline in 2014 and early this year, causing a rise in their adoption. Most global TV brands have now launched 4K UHD products and are introducing more 4K models to their television offerings,” said Linda Lin, senior analyst, IHS Technology.