Screen sizes 55 inches and larger, in particular, are projected to increase steadily through 2022, exceeding 80 million units worldwide, while screen sizes less than 40 inches experience a steady decline, dipping below 60 million units by 2022, as shown in the chart above.
By the end of 2019, 4K/Ultra HD TVs are expected to account for more than half of global TV shipments and more than 75% of TVs with screens 40 inches and larger will be 4K. Market penetration of 4K sets is projected to reach 45% in 2018 and increase steadily to 61% by 2022 as shown in the chart below.
As for 8K, which is just now starting to trickle into the market, IHS Markit predicts a steady build between 2019 and 2022 with unit sales more than quadrupling between 2019 and 2020 as prices fall and topping 5 million units in 2022, as shown in the chart below. China will account for nearly three-quarters (70%) of 8K unit sales followed by North America with 15% and Western Europe with 7%.
During the same period, IHS Markit sees sales of sets with advanced TV technologies such as high-dynamic range (HDR) and wide color gamut (WCG) growing steadily worldwide with the number of HDR-enabled TVs exceeding 30 million units by 2022, as shown in the chart below. WCG-capable LCD and OLED sets will also see steady growth through 2022.