UHD/4K Panel Market Size - Share, Growth, Trends, Competitive, Regional Analysis With Global Industry Forecast To 2024
Category: #energy-and-environment  By Ronak Bora  Date: 2022-06-22
  • share
  • Twitter
  • Facebook
  • LinkedIn
UHD/4K Panel Market Size - Share, Growth, Trends, Competitive, Regional Analysis With Global Industry Forecast To 2024

Global UHD/4K panel market size is slated to exceed US$44.41 billion by 2024, according to Global Market Insights, Inc.  Ultra-high definition (UDH) and 4K displays have been among the fastest emerging trends in the world of TVs. With ultra-high picture resolution, exceptional color fidelity, and an extensive dynamic color range, these technologies are experiencing rapid adoption across digital applications in media, broadcasting, and entertainment sectors such as sports events, cinema complexes, music events, and others.

LG Display Co. Ltd, Toshiba Corporation, Sony Electronics, Inc., Panasonic Corporation, Hisense Group Co. Ltd., and Samsung are some of the leading developers in the space. In January 2020, Panasonic Corporation had launched the world’s first high dynamic range (HDR) capable UHD VR glasses that feature a micro OLED panel.

Request for a sample copy of this research report@ https://www.decresearch.com/request-sample/detail/724  

  • Growing integration LED/OLED displays

In terms of the technology, LED/OLED panels are likely to capture more than 45% market share by 2024, growing at a healthy CAGR of 8.8%. The display technology is being increasingly integrated to portable smart devices such as smartphones and tablet.

On the other hand, LCD panels industry size was valued at US$9.5 billion in 2015 and is expected to witness notable growth in the future. These panels are widely preferred in display applications owing to optimized energy consumption compared to other technologies, which can be linked with excellent light modulating properties of liquid crystals.

Request for customization@ https://www.decresearch.com/roc/724  

  • Increasing popularity of UHD/4K televisions

The demand for UHD/4K display panels across digital display screen application is likely to grow at a CAGR of 11.7% CAGR through 2024. The technology is being extensively being implemented in modern digital display applications such as musical events, cinema complexes, and sports, events.

Meanwhile, the adoption UHD/4K panel market across television application will grow at an 8.5% CAGR through 2024. The television industry has been among the leading adopters of the technology over the past few years, and will continue to lead innovation in the space, with growing consumer inclination towards larger television screens and superior picture quality for an enhanced viewing experience.

  • Presence of electronics giants in Asia Pacific

Asia Pacific is expected to capture a substantial share of the industry by 2024, with the presence of major electronics companies and OEMs in the region. The region is among the world’s largest manufacturers and exporters of electronic gadgets and appliances. Increasing popularity of advanced display technologies among consumers will complement the regional outlook.

The region is witnessing growing implementation of these display technologies across numerous sectors including retail, hospitality, corporate, commercial, and government. The need for high-quality display technologies across media, gaming, and entertainment sectors will provide regional manufacturers with promising opportunities.

Table of contents for this research report@ https://www.decresearch.com/toc/detail/ultra-high-definition-UHD-4K-panel-market

Excessive costs associated with UHD/4K display panels may limit their sales to certain extent, as consumers have a wide range of other options to choose from. However, manufacturers are focusing on incorporation of additional features and functionality into their products and introducing them at an affordable price range. These trends along with growing integration of the technology in televisions, smartphones, digital cameras, personal computers, and other consumer electronics gadgets will positively influence the industry outlook.     

About Us: –

DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed ‘Table of Contents’ for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us: –

DecResearch.com

Website: – https://www.decresearch.com

Email: [email protected]

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine 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 spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...