Press release
High Dynamic Range Market Size, Share Estimation, Business Strategies, Opportunities And Forecast To 2033
High Dynamic Range Market
The high dynamic range market size is expected to see exponential growth in the next few years. It will grow to $63.22 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to 5g network expansion, automotive display enhancement, rise of ott platforms, growing adoption of hdr in gaming and virtual reality, increasing adoption of hdr in medical imaging. Major trends in the forecast period include dynamic metadata usage, ai-driven hdr enhancement, cross-platform compatibility, focus on sustainability and energy efficiency in hdr displays, advancements in hdr technology.
Market Overview -
The high dynamic range refer to technology that improves the range of color and contrast in a digital image and video. HDR photos and videos are created by capturing multiple images and videos with different exposures at the same time interval. It helps in increasing the quality of photos and videos.
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Elevated Demand For High-Resolution Large Screen Displays Fueling Hdr Market Growth
The growing demand for large screen displays with greater resolution is expected to propel the growth of the High Dynamic Range market over the coming years. Large screen displays and greater resolution are defined as the Higher pixels creating a high-quality, crisp image and video. Large screen displays and greater resolution are used in High Dynamic Range to provide improved quality with high definition of videos. For instance, in May 2022, according to Comscore, a US-based cross-platform measurement company, the global viewing hours and total viewing households of smart TVs remain the fastest-growing types of connected TV devices with a total of 59% of connected TV households having smart TVs in February 2022, up 4% from February 2021 and 9% from February 2020. Therefore, the growing demand for large screen displays with greater resolution drives the high dynamic range market.
Competitive Landscape -
Major companies operating in the high dynamic range market report are Amcrest Technologies, Canon Inc., Casio Co. Pvt. Ltd., FUJIFILM Corporation, LG Corporation, Nest Labs, Nikon Inc., Omnivision Technologies Pvt. Ltd., Panasonic Corporation, PYXALIS, Robert Bosch Gmbh, Samsung Electronics Co. Ltd, Sony Corporation, Zosi Technology Co. Ltd., Seiko Epson Corporation, GoPro Inc., Victor Hasselblad AB, Toshiba Corporation, The Eastman Kodak Company, Leica Camera AG, Koninklijke Philips N. V., Hisense India Private Limited, Vizio Inc., Sichuan Changhong Electric Co. Ltd., Tekvision Softtech & Accessibility Solutions LLP, Xiaomi Corporation, Apple Inc., Olympus Corporation, Photonfocus AG, Dolby Laboratories Inc., Sharp Corporation, TCL Technology, Hitachi Ltd., Skyworth Group Co. Ltd.
Product Innovations Transforming The High Dynamic Range Market
HDR technology for 3D rendering are shaping the HDR market. 3D rendering provides an opportunity for use of HDR in various applications. 3D rendering is the process of creating a 2D image for a Screen from a 3D model. For instance, Redmi has launched a TV with 4K HDR and Dolby Vision Set. A 4K display will be included in the forthcoming Smart TV X43. Not only that, but the panel will also support 4K HDR and Dolby Vision content, which is a feature that isn't Typeically available on 43-inch smart TVs.
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Key Segments -
The high dynamic range market covered in this report is segmented -
1) By Type: HDR10, HDR10+, Hybrid Log-Gamma, Dolby Vision, 4K
2) By Product Type: Capturing Devices, Display Devices
3) By Application: Consumer, Entertainment, Security And Surveillance
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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