Consumers Now In 4K UHD TV Buying Mode
The constant barrage of 4K UHD marketing is paying off with more than 52% of consumers claiming that they are now aware of the new generation of Ultra High Definition TV’s.
While vendors have been investing in marketing others are sliding under the marketing umbrella of others waiting for sales to take off in Australia claim observers.
According to GFK data sales of large screen TV’s are also delivering a higher sell through return than what Full HD TV’s did when they were first launched due to their higher selling price.
The NDP Group claims that TV Vendors have done a good job of making consumers aware of ultra-HD 4K televisions, although they are a relatively new technology.
According to The NPD Group, more than half of consumers (52%) are aware of the televisions, with men showing more awareness than women. Awareness is also significantly higher (72%) among those who already own an Internet-connected television.
“The market has done a really good job of making consumers aware of [4K] TV and its obvious attributes,” John Buffone, executive director, industry analyst of NPD Connected Intelligence, tells Marketing Daily. “The tipping point occurred late last year during the peak Xmas New Year period. There’s a certain picture size where the benefits resonate with consumers.”
As of April 2016, more than six million 4K TV sets have been sold in the USA, and only about 8% of consumers say they have used a 4K TV.
(The Consumer Technology Association earlier this year projected sales of 4K sets would jump jumping 65% to $10 billion in 2016.) What will push the adoption will be the availability of content, Buffone says. “From a content point of view, things are still ramping up,” he says.
About one-third of consumers are aware of 4K streaming services, with higher awareness among Millennials. “Demand for 4K video is only beginning to proliferate,” Buffone says. “Streaming video providers have been leading the market in terms of delivering 4K UHD content, and we expect them to continue to increase their programming array to satisfy growing consumer demand.”