High Dynamic Range Market Report 2022-28 | Increase Demand for Digital Display

According to Precision Business Insights (PBI), the latest report, the high dynamic range market market size is expected to be valued at USD 14,240.0 million and is expected to grow at a CAGR of 22.3% in 2022-2028. The primary factors that drive the global high dynamic range market insight are the growing adoption of smartphones, increasing demand for digital photography, and increase in OTT platforms and content delivery services on-demand.

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Display Devises to Dominate the High Dynamic Range Market:
Based on product type, the display devices hold the highest market share. The major factor for the rise of this segment is the rising use of high dynamic range technology in various display devices such as television, set-up boxes, Blu-Ray, laptops, projectors, and tablets. The growing need for TVs, video walls, and digital banners can drive the growth of the global high dynamic range market insights. Apart from this, because of the strong adoption rate of these products in commercials, industries, and residential areas for security surveillance and entertainment can also drive the growth of the market.

North America High Dynamic Range Market:
North America leads the global high digital range market insights due to various video streaming software providers in the United States as well as increasing company familiarity with the benefits of video streaming technology. North America leads the global market due to entrenched research infrastructure, increasing funding from public and private sectors, and rising collaborations among global key players have contributed to increasing the sales of high dynamic range in this region. Apart from this, the major factor that drives the market in this region are increasing investments in various technologies such as AI, VR, IoT, and big data, and the increasing rate in the usage of cloud services.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global high dynamic range market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.In September 2021, AUO partnered with MSI to produce Am LED display technology that offers good image qualities with ultra-high color and brightness. In January 2022, Shiftall Inc., launched MaganeX' a novel HRD lightweight virtual display glass.

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The high dynamic range market is segmented based on, product type, type, application, and region.
Based on the product type, the market is segmented into the following:
• Capturing Devices
• Display Devices

Based on the type, the market is segmented into the following:
• HDR10
• HDR10+
• Hybrid Log-Gamma
• Dolby Vision
• 4K
• Others

Based on the application type, the market is segmented into the following:
• Consumer
• Entertainment
• Security & Surveillance
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the high dynamic range market report are Apple, Incorporated, Canon, Nikon Corporation, Samsung Electronics Co., Limited, LG Display Co., Limited, OmniVision Technologies, Olympus Corporation, Sony Corporation, Fujifilm Holding Corporation, and Casio Computer Co., Limited.

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This release was published on openPR.