UHD/4K Panel Market Key Players and Market Analysis by 2024: Dupont, SFA Engineering, XMOS, Aixtron AG, IPS Alpha Technology, Panasonic, Philips, Hisense Group
UHD/4K Panel Market will witness a growth of 11% CAGR by 2024 on account of the rising demand for high-quality display from various sectors such as commercial, government, hospitality, retail, and sports. Increasing platforms providing UHD content, thus encouraging the manufacturers to expand their offerings. Further, numerous benefits provided by these devices such as sharper picture quality, better durability, vibrant colors, light-weight, and low power consumption will likely fuel the UHD/4K Panel market in the forecast time frame.
Continuous technological improvements have resulted in enhanced picture quality and extensive color combinations as 4K panel technology provides four times more resolution than full HD panels both horizontally and vertically. These features are expected to drive the global UHD/4K Panel market growth.
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Top Key Players: -
The major players for UHD/4K Panel market include Dupont, SFA Engineering, XMOS, Yurui Chemical Co., Ltd., Aixtron AG, IPS Alpha Technology, Ltd., and SNU Precision, Samsung Electronics, LG, Toshiba, Panasonic and Sony Electronics. Other prominent players are Sharp, Innolux, Haier, Philips, Hisense Group, BOE Technology Group, and AU Optronics.
Regional Segmentations: -
Asia Pacific accounts for the largest market for UHD/4K Panel technology and is expected to grow rapidly at 11.6% CAGR by 2024. The main driving force for this region would be the presence of a large number of OEM manufacturers.
North America UHD 4K Panel market which is dominated by the U.S. is expected to generate the revenue of over USD 19 billion by 2024. The major factors driving the industry growth in this region are early technology adoption and huge consumer base.
Partial Chapter of the Table of Content
Chapter 3. UHD Panel Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Industry Impact forces
3.4.1. Growth drivers
184.108.40.206. Growing preference for larger screen size
220.127.116.11. High demand across application markets
3.4.2. Industry pitfalls & challenges
18.104.22.168. High cost
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Company market share, 2015
3.8. PESTEL analysis
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These high-resolution devices can be easily modified for different applications which include aerospace & defense, consumer electronics, retail & advertisement, business & communication, and entertainment this will act as a catalyst for the industry growth. Further, a decrease in the price of 4K panel device may raise the product demand substantially in the forecast time frame.
Government initiatives in different regions such as China and India have resulted in the reduction of customs duties and low price which will positively impact the consumption. In addition, legal restrictions mandating content makers and manufacturers to follow UHD Blu-ray standard for encouraging content creation is also anticipated to boost the UHD/4K Panel market growth through 2024.
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