4K TVs to account for 40% of total TV shipments in 2016

We all know that 4K devices, which include TVs, smartphones, VR headsets, and more are all coming out in the coming years - but what about now? 4K TVs are filtering down to the mainstream level, with over 40 million 4K TVs shipped this year according to analysts at IHS.

IHS also added that 4K TVs will account for 40% of the total TV panel shipment area in 2016, which is a big jump from the 25% this year. Full HD is still controlling much of the market, with 52% of shipments but this number will drop to 42% next year - right in line with 4K.

Ricky Park, Director of Large Display Research for IHS Technology said: "The increased supply of LCD TV panels has caused a downturn in panel prices, providing consumers with a cheaper selection of wide-screen TVs and whetting their appetite for even larger TVs with higher resolution". He added: "The consumer requirement for higher resolution will also grow, as more 4K TV video content becomes available".