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UHD/4K Panel Market Size and Growth Analysis by Key Players AUO, BOE Technology Group Co., Ltd., Hisense Group, Philips, Panasonic, Samsung Electronics, Sharp Electronics Corporation USA, Sony Electronics, Toshiba

12-20-2018 04:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
UHD/4K Panel Market

UHD/4K Panel Market

The global UHD panel market size is poised for growth owing to the growing demand for these displays from numerous sectors such as hospitality & retail, corporate, commercial government, and sports venues. Features such as high resolution as well as superior color fidelity, are expected to propel growth over the next eight years. Rising integration of these systems into numerous consumer electronic devices, such as digital cameras, smartphones, televisions, and personal computers, is expected to boost demand through 2024.

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Major industry players include AUO, BOE Technology Group Co., Ltd., Hisense Group, Innolux, Philips, LG Display, Panasonic, Qingdao Haier Co., Ltd., Samsung Electronics, Sharp Electronics Corporation USA, Sony Electronics, Toshiba. Companies are anticipated to focus on enhancing product portfolio and innovation initiatives in order to gain traction.

Escalating applications of these devices across media & broadcasting sector are predicted to positively impact UHD panel market share. In addition, various attributes, such as extensive color gamut, high picture resolution, and wide dynamic range, is anticipated to help new genres & entertainment field over the next eight years.

Surging adoption across various sectors, such as advertising and publishing & signage, is predicted to catalyze the industry demand. Escalating product implementation in digital applications, such as sports, music events, and cinema complexes, is expected to favorably impact 4K panel market size over the forecast period. However, high costs associated with these are likely to motivate consumers for opting substitutes, such as LEDs and LCDs, and is predicted to hamper growth over the forecast timeline.

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Television application segment is estimated to grow at over 8.5% CAGR in terms of volume from 2016 to 2024. The growth in the segment can be dedicated to the rising use of these products in television systems. Furthermore, the growing demand for superior picture quality to enhance the customer viewing experience is expected to catapult 4K panel market size through 2024. The digital display screen application segment in anticipated to grow at 11.7% CAGR from 2016 to 2024. The widespread implementation of digital applications in sports events, cinema complexes, and music concerts is expected to drive revenue over the forecast timeframe.

The North American industry is anticipated to be valued at over USD 19 billion by 2024 due to attractive U.S. 4K panel market share. The region is marked by early technology adoption and considerable consumer base. Asia Pacific UHD panel market share accounted for over 20% of the industry 2015 and it is predicted to grow at 11.6% CAGR from 2016 to 2024. Presence of large number of OEM manufacturers across the region is likely to catapult industry growth over the next eight years.

Browse Complete Report Summary: https://www.gminsights.com/industry-analysis/ultra-high-definition-UHD-4K-panel-market

Asia Pacific 4K market share is projected to grow faster than the global average in the coming years. The growth in the region can be credited to the existence of a large number of OEM manufacturers across the region. Rising customer awareness accompanied by the swift acceptance of advanced technology will prove beneficial for the North American industry

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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