Shipments of high dynamic range (HDR) TVs will grow at a 41% compound annual growth rate and reach 245 million units in 2022, according to ABI Research.
The new study claims that HDR features will “help boost 4K’s (UltraHD) momentum” and that HDR sets are expected set to surpass 4K TV shipments in 2020.
ABI said that while some TV manufacturers are already preparing for the next generation 8K TV standard, 8K TV sets are still “years away from permeating the global market”, with market hype currently cantering on Japan’s plans to deliver 8K video at the 2020 Olympics.
“As evident with Sony’s recent announcement to include HDR in all its new TV sets, the next-generation TV technology will soon be a prominent feature in many Ultra HD TV sets,” says Khin Sandi Lynn, industry analyst at ABI Research.
“While some less expensive sets will not yet support the technology, high-end TV manufacturers recognise the value that HDR functionality brings to the viewing experience.”
“8K TV sets will enter the market in small quantities in 2020 but mainly in Japan and possibly South Korea – areas in which broadcasters are now working toward 8K broadcast. In the meantime, it will remain Ultra HD, HDR TV sets that dominate the overall market.”