12-07-2018 01:29 PM CET - IT, New Media & Software

Global 4K Technology Market worth USD 47169.79 Million | CAGR ~21.29% BY 2023 | Business Players- Canon Inc., LG, Panasonic, Samsung, Sharp, Sony, JVC Kenwood Corp, Hisense Co. Ltd, Amazon, Netflix and more…

Press release from: InForGrowth
4K Technology market
4K Technology market

The Global 4K Technology Market had been valued at USD 47169.79 Million in the year 2017, which is expected to reach USD 150202.38 Million by the end of the forecast period growing at ~21.29% CAGR.

Global 4K Technology Market: The upcoming revolution in technology is changing the market of display with higher resolution. The 4K technology refers to pixel size. It consists of 3840 or 4096 horizontal pixels and 2190 vertical pixels. The key advantages of 4K technology is that it has greater resolution which gives better quality. The 4K/UHD comprises of TV screens that have a minimum resolution of 3,840 pixels width and 2,160 pixels height, making it equivalent to two 1080p screens in height and two in length. Based on 4K resolution and usage of 4K technology in consumer electronics product, the 4K technology market is segmented into digital content and physical product, the 4K technology market is segmented into digital content and physical product.

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4K TV’s have enabled consumers to view everything on screen with crystal clear clarity along with sumptuous detail. Users can view every single detail of image and videos appearing on the screen with improved lighting technology. The high pixel size, makes picture look deeper and displays clearer and brighter image. The TV brightness specification that majority of UHD television manufacturers generally utilize are highly effective solutions for LCD panels that are illuminated by LED backlights using local dimming or full array dimming technologies, which significantly enhance image distinct factor. The shift to latest technology, due to high resolution and excellent viewing experience is fuelling the growth of 4K TV market.

Key Players:
The key players of 4K Technology Market includes Canon Inc., LG, Panasonic, Samsung, Sharp, Sony, JVC Kenwood Corp, Hisense Co. Ltd, Amazon, Netflix and others.

Global 4K Technology Market Analysis & Forecast, from 2017 to 2023
• To provide detailed analysis of the 4k Technology Market structure along with forecast for the next ten years of the various segments and sub-segments included in global 4K Technology market with analysis of its development and demand in the market
• Upcoming technologies, high growth geographies and countries were identified in this 4k Technology Market report
• Regional and country specific demand and forecast for 4K Technology were studied
• Key segments covered in the report are: components and application.
• Unit breakdown for all different classification was finalized; and same was referred for forecasting, keeping few assumptions into factor
• For all the regions, forecast demand for all applications were identified and then with historical figure, data collected through primary and annual reports were triangulated to derive the regional market size
• Historical trend is identified to forecast and estimate the future value data

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Key Findings
• The Global 4K Technology market is expected to reach USD 150202.38 Million by 2023.
• By Digital Content, digital content in 4K Technology accounts for the largest market share and is growing with approximately ~22.06% CAGR during forecast period.
• By Physical Product, television sub segment holds the largest market growing with approximately 22.43% CAGR by the end of forecast period.
• Geographically, North America region has been projected to have the largest market share in global 4K Technology market followed by Europe region, while Asia-Pacific region has been projected to show a positive growth rate in 4K Technology market

Regional and Country Analysis of 4K Technology Market Estimation and Forecast:
The regional analysis of 4K technology market is being studied for region such as Asia-Pacific, North America, Europe and Rest of the World. The Asia-Pacific region is the leading player in the 4K technology market. North America region is one of the growing market in the region owing to high spending powers. Growing economies such as India, Japan, and China accounted for the largest market share due to growing electronics industries in this region

View Compete Report of 4K Technology Market with TOC and Market Players:

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