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Scope Analysis On UHD/4K Panel Market | AUO, BOE Technology Group Co., Ltd., Hisense Group, Philips, LG Display, Panasonic, Qingdao Haier Co., Ltd., Samsung Electronics, Sharp Electronics Corporation USA, Sony Electronics and Toshiba
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The increasing number of platforms offering higher resolution of HD content will further expand UHD panel industry growth. Moreover, government initiatives to minimize custom duties particularly in India and China and the dropping prices of 4K panels will stimulate UHD market over the coming years. UHD/4K Panel Industry is estimated to grow at a rate of 11% over the period of 2016-2024.
Major industry players include:
1. AUO
2. BOE Technology Group Co.
3. Ltd.
4. Hisense Group
5. Innolux
6. Philips
7. LG Display
8. Panasonic
9. Qingdao Haier Co.
10. Ltd.
11. Samsung Electronics
12. Sharp Electronics Corporation USA
13. Sony Electronics and Toshiba
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Devices equipped with UHD panel are highly energy efficient and durable. LG, Toshiba, Sony Electronics, Panasonic, Philips, Sharp, BOE Technology Group, Hisense Group, and Samsung Electronics are the major players accumulating maximum share of ultra-high definition panel industry. These players are highly emphasizing on product development and customer service to keep up with growing competition for providing better image quality. The demand for 60-inch and above screen size is projected to record a substantial growth in UHD/4k panel market.
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