Super Hi-Vision Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2024
Owing to constant advancements in the field of technology, the introduction of HD television sets led the way for the arrival of super hi-vision televisions in the market. As a result of the fast evolving preferences of consumers and advancements in the technological aspects, the demand for UHDTVs are growing. Furthermore, decreasing prices of UHDTVs is making them more affordable among the masses. This is led to increased sales of super hi-vision televisions in the market. Greater depth of color coupled with high dynamic range (HDR) in UHDTVs render life-like pictures. The high quality image with 3D sound is one of the major factors resulting in the growing demand for super hi-vision technology. Additionally, the growing trend of high quality at-home entertainment systems is fuelling the sales of super hi-vision televisions. However, high intensity resolution requires a large bandwidth to support uninterrupted streaming, thus, minimal availability of high speed internet is currently a major challenge faced by UHD market. The decrease in prices of UHD television sets is expected to boost the demand UHD technology in the near future. Moreover, applications such as digital signage and banners in the advertising and media industry offer wide opportunities for the growth of super hi-vision market.
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The super hi-vision market can be segmented on the basis of end use applications, technology, end use industry and geography. On the basis of end use applications, the market can be segregated into television, smart phones, projectors, personal computers and others. With large scale adoption of UHD TVs, the television segment is expected to have strong growth opportunities. Segmentation on the basis of technology include, liquid crystal display (LCD) and light emitting diode (LED) display screens. By end use industry, the market can be classified into consumer electronics, telecommunications, media and broadcasting, healthcare and others. As per geography, the super hi-vision market has been segmented into North America, Europe, Latin America, Asia Pacific and Middle East and Africa.
Companies such as Sky PLC, Netflix Inc. and Amazon Inc. are coming up with dedicated UHD channels and streaming services to capture market share in the early stages of introduction of this technology. Some of the leading players in the super hi-vision market are Samsung Display Co., Ltd., LG Display Co., Ltd., Panasonic Corporation, Sony Electronics, Inc. and Sharp Corporation.
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