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UHD/4K Panel Market: Top Challenges to Face in 2020-2024

Author : Ronak Bora | Published Date : 2020-09-11 

The UHD/4K panel market has already generated a heavy momentum in this space with the development of next generation TVs. The consumer electronics sector is soaring with the growing popularity of UHD TVs. Ultra HDTV has gradually emerged from a techie’s dream to consumer reality in the recent past. This UHD technology is unlocking transformative, awe-inspiring, and enhanced viewing experience with a minimum resolution of 3840 x 2160 pixels. 4K resolution provides around 8 million pixels and is called so as a result of the images being about 4,000 pixels wide.

The increasing number of platforms offering higher resolution of HD content will further expand UHD panel industry growth.  Moreover, government initiatives to minimize custom duties particularly in India and China and the dropping prices of 4K panels will stimulate UHD market over the coming years UHD/4K panel market is estimated to grow at a rate of 11% over the period of 2016-2024.

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In 2015, the television application accounted for over 55% of revenue share and is set to register a CAGR of 11% over the period of 2016-2024. Demand for better customer viewing due to improved picture quality will propel UHD/4K panel market growth.

Retail is another booming sector which has been penetrated by the UHD technology. This is undoubtedly helping retailers to display their products with minute details and supreme clarity. A memorable shopping experience with UHD displays owing to its superior quality is attracting larger consumer base, thus driving ultra-high definition panel market. Digital display screens market worth USD 4 billion in 2015 is set to witness a significant growth curve, owing to rising demand from the advertising and publishing sectors. The growth of digital signage market due to rising commercial application in advertising is also worth noticing.

Top Key Players In UHD/4K Panel Market are AU Optronics Corporation, BOE Technology Group Co. Ltd., Hisense Group Co. Ltd., Innolux Corporation, Koninklijke Philips N.V., LG Display Co. Ltd, Panasonic Corporation, Qingdao Haier Co. Ltd. (Haier Group), Samsung, Sharp Corporation, Sony Electronics, Inc., Toshiba Corporation

In terms of regional split, Asia Pacific UHD/4K panel market share catered for over 20% of the overall industry in 2015 and is set to hit a CAGR of 11.6% over 2016-2024.  North America 4K panel market, led by the U.S., is estimated to generate a revenue share of over USD 19 billion by 2024. The regional growth is subject to huge tech-savvy consumer base and intensive adoption of HD technologies.

Early deployment of this technology is likely to show tremendous growth prospects for future trends in 4K panel industry. Heavy investments in research and development will send strong undercurrents for the future of consumer electronics. Developments in this area are really going to be interesting to watch over, in the next couple of years.

Table Of Content:

Chapter 4.        UHD/4K panel market Insights

4.1.     UHD panel market share by technology, 2015 & 2024

4.2.     LCD

4.2.1.    Market estimates and forecasts by region, 2013 - 2024

4.3.     LED/OLED

4.3.1.    Market estimates and forecasts by region, 2013 - 2024

Chapter 5.        UHD/4K panel market Application Insights

5.1.     UHD panel market share by application, 2015 & 2024

5.2.     Personal computers

5.2.1.    Market estimates and forecasts by region, 2013 - 2024

5.3.     Smartphones

5.3.1.    Market estimates and forecasts by region, 2013 - 2024

5.4.     Televisions

5.4.1.    Market estimates and forecasts by region, 2013 - 2024

5.5.     Digital display screens

5.5.1.    Market estimates and forecasts by region, 2013 - 2024

5.6.     Others

5.6.1.    Market estimates and forecasts by region, 2013 - 2024

Chapter 6.        UHD/4K panel market Regional Insights

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.7   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/ultra-high-definition-UHD-4K-panel-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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