4K camera market size is estimated to witness steady growth over the several forthcoming years, at a CAGR of over 20% from 2016 to 2023. The crisp and high quality images and videos offered by this device are anticipated to drive industry growth. It offers resolution as much as 4096 x 2160 pixels that are four times higher when compared to the usual or high definition (HD) ones that enable to have user around 4,000 pixels across the screen.
4K technology market is expected to drive the change in the industry accompanied by high innovation all through the broadcasting system. 4K technology is anticipated to mark is significance in numerous digital media sectors such as TV screens, system monitors to digital cameras.
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High cost accompanied by hefty size of the zooms preferred by professional broadcasters is likely to hamper the demand for 4K camera market over the several forth coming years. Companies are now looking forward to the development of 2/3-inch ultra high definition models as they reflect the industry standards for outdoor broadcast for live sports production applications. The high resolution versions with 2/3-inch sensor size are anticipated to deliver appropriate sensitivity and deliver ultimate depth of field sports as well as studio production applications.
In addition, 4K acquisition is likely to mandatory for new cameras in the market over the forecast period. These devices are now expanding their significance is sport sector such as football, tennis and cricket among others. For instance, ICC Cricket World Cup 2015 was shot with ultra high resolution models using various creative shooting techniques. It involved the combined use of numerous ultra high resolution versions such as spider cams, ultra-motion and also drones model for knock out matches. Seven of its matches were expected to be shot with professional ultra HD video production equipments.
Advent of mirror-less ultra high definition devices are likely to facilitate user by furnishing with compact size and also offers better focusing system. In addition, bigger sensors offered by these gadgets are likely to positively impact the industry demand for 4K camera market. Furthermore, flexibility with respect to interchangeable lenses is likely to elevate the industry growth of these products from 2016 to 2023.
Continuous innovation in 4K technology is anticipated to attract more photographers as well as videographers to this format. Advent of cheap and portable mirror less devices those are capable of capturing HD still photos and high quality videos. Flourishing use of handheld mobile devices and disposable crashmodels that capture superior resolution videos at 240 frames per second (FPS) and are capable of operating 100 meters under water are anticipated to facilitate media and broadcasting industry sectors.
Ultra high resolution versions are likely to mark their presence in security applications. Apart from all other specialties of these devices, they are expected to work best for specific scenario in which user needs to monitor wide area and identify the objects from long distances such as parking structures, airports, casinos and train stations. Further, these equipment are likely to perform superlative when outfitted properly.
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Asia pacific 4K camera market share is expected to witness substantial growth and it is likely to be the fastest growing region. The surge in demand can be subjected to intensely proliferating adoption of these devices in the region over the forecast period. Emerging economies such as India is expected to experience high demand for these products. It is expected to incorporate technological breakthrough and elevate the standards for next generation video production.
Key industry participants occupying major 4K camera market share include Canon, Nikon, Panasonic Corporation, Infineon Technologies, Blackmagic Design, Schneider Electric, Occipital, Sony Corporation, Axis Communications, Sharp Corp, Primesense, Softkinetic, Bosch Security Systems, FLIR Systems, Hong Kong Skyworth Digital Holdings, LUMAX, Pentax, Red Digital Cinema Camera Company, Samsung Electronics and L.G Electronics among others.
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