SANTA CLARA, Calif. -- 4K LCD TV shipments grew nearly 400 percent year-over-year to reach 4.7 million units worldwide in the first quarter (Q1) of 2015. Volume barely dropped from the seasonally strong fourth quarter (Q4), with especially strong demand in China during the Chinese New Year holiday season, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. However, growth for the rest of the TV market was not as robust in Q1. Overall TV shipments, including LCD, plasma, OLED and CRT, fell 2 percent year-over-year, while LCD TV shipments alone rose just under 3 percent. The disparity in growth has to do with the significant reduction in both plasma and CRT shipments compared to a year ago.
The latest IHS Quarterly Global TV Shipment and Forecast Report notes that the slowdown in overall growth has not seriously affected the 4K TV segment, which continues to benefit from falling price premiums, expanded selection, and growing content availability. 4K TV shipments to China increased by 244 percent year-over-year to more than 2.6 million units in Q1 2015.
“4K TV shipments in China account for over half of global demand and set a new high-water mark in the world’s largest 4K market,” said Paul Gagnon, director of TV research for IHS. “This growth was driven by an expanded assortment of screen sizes between 40 inches and 50 inches that have recently become available from manufacturers, and retail premiums well below 50 percent, which is encouraging consumers to upgrade.”