Press release
High Dynamic Range Market: Elevating Visual Experiences with Emerging Trends and Growth Potential
High Dynamic Range Market
As per the report, the high dynamic range market size has grown exponentially in recent years. It will grow from $22.38 billion in 2023 to $27.84 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. High Dynamic Range Market Report Structure
3. High Dynamic Range Market Trends And Strategies
4. High Dynamic Range Market - Macro Economic Scenario
5. High Dynamic Range Market Size And Growth
…..
27. High Dynamic Range Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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