4K Resolution Display Market Growing Demand in the Media and Entertainment Sector

According to Precision Business Insights (PBI), the latest report, the 4K resolution display market is expected to be worth USD 65.8 billion in 2021, growing at an 24.8% CAGR from 2022 to 2028. The primary driver of the expansion of the global 4K resolution display market includes high-quality and blur-free images, availability of electronic devices, multiple utilization in many sectors, a growing number of tech enthusiasts, and the increasing need for quality video recording in the media & entertainment sector.

Media & Entertainment Segment to Dominate the 4K Resolution Display Market:
The media & entertainment segment is expected to account for a larger revenue share in the global 4K resolution display market worldwide due to the growing demand for a better gaming experience, enriched entertainment, and the increasing availability of 4K content. The media & entertainment segment is expected to remain one of the major executioners of 4K technology. Consumer preferences are shifting toward 4K resolution smart TVs due to the precise color contrast and the minute details of images. Many countries, such as India, have plans to expand 4k movie screens by partnering with key market players like Sony corporation. Furthermore, major console manufacturers, like Microsoft and Sony, have released 4K-enabled consoles to offer a more immersive and advanced gaming experience, which is expected to boost the 4K TVs and monitors.

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Asia Pacific 4K Resolution Display Market:
The Asia Pacific market is expected to increase in the global 4K Resolution Display market over the forecast period. It is projected to grow at a significant CAGR in the coming years. The Asia Pacific market is expanding as a result of the region's fast-paced lifestyle and growing demand for 4K resolution monitors and smartphones. Japan and South Korea represent the major share of the 4K TV & monitor market with players, such as Samsung, LG, and Sony. Moreover, the increasing sales of consumer electronics and declining manufacturing costs in the Asia Pacific region are driving the demand for high-quality digital advertisements.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global 4K Resolution Display market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In Aug 2022, Sony implemented 1440p monitors in PlayStation5.

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Detailed Segmentation:
The 4K resolution display market is segmented based on device, resolution, end user, and geography.
Based on the Resolution:
• 3840x2160 resolutions
• 3996x2160 resolutions
• 4096x2160 resolutions
• 5120x2160 resolutions
• 5120x3200 resolutions

Based on the device:
• Cameras & Digital Cameras
• Camcorders
• Projectors
• Smartphones &Tablets
• Monitors & Smart TVs
• Others

Based on the end user:
• Aerospace & Defence
• Consumer Electronics
• Retail & Advertisement
• Media & Entertainment.
• Business & Education
• Others

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Key players' profiles in the 4K Resolution Display market report are Cannon, Innolux Corporation, LG Electronics (South Korea), Marseille Networks Inc., Panasonic Corporation (Japan), Planar Systems Inc., AU Optronics Corp., EIZO Corporation, Sony Corporation, Sharp Corporation, Samsung Electronics, Phillips, Dell, and Asus.

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