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4K TV shipments grew 160% last year

LG's 4K Ultra HD TV series with quantum dot technology

LG’s 4K Ultra HD TV series with quantum dot technology

Shipments of 4K Ultra High Definition TV sets grew by almost 160% last year to total 32 million units, according to FutureSource Consulting.

The research firm said that in 2015 4K UHD sets accounted for 14% of all TVs sold, and tipped this to climb to 52% of the market by 2020, when almost 140 million UHD TV sets will be sold.

“4K UHD and OLED are expected to grow strongly in the remainder of the decade,” said Futuresource market analyst, David Tett.

“These technologies will help to restore value in the worldwide TV market as average selling prices are expected to increase over the next few years.”

The increase in 4K TV sales came in spite of a 2% fall in total TV shipments in 2015.

Tags: 4K, Futuresource, TV