UHD/4K Panel Market size to grow at over 11% CAGR to reach $44.4bn by 2024: Global Market Insights Inc.
“A few key raw material suppliers include Aixtron AG, Densitron Display Solutions, Dupont, IPS Alpha Technology Ltd., SFA Engineering, SNU Precision, Universal Display Corporation, XMOS, AU Optronics, and Yurui Chemical Co. Ltd.”
“(Ultra High Definition) UHD/4K Panel Market Size By Technology (LCD, LED/OLED), By Application (Televisions, Personal Computers, Smartphones, Digital Display Screens), Industry Analysis Report, Regional Outlook (U.S., UK, Germany, China, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”
Global (Ultra High Definition) UHD/4K Panel Market size contribution was more than $16.6 billion for 2015 and is predicted to expand at more than 11.1% during forecast timeline. Fast technical changes leading to high resolution, enhanced illumination and wide color range is projected to promote UHD/4K panel industry trends during forecast timeline. In addition to this, these equipments help in improving consumer viewing experience. Increasing efforts for developing 8K technology provides better resolution in comparison to 4K and this can fuel demand for product in future.
In addition to this, rising number of platforms providing UHD contents is predicted to encourage producers to increase their offerings. In addition to this, predicted reduction in UHD/4K panel market price can enhance product demand substantially in future. Many advantages provided by the product comprise less energy consumption, light mass and durability. Changing consumer choices from big screens to improved display resolutions is predicted to propel UHD/4K panel industry growth during forecast period.
Favorable government policies like less import duties in nations like China and India can favorably affect product use. Furthermore, legislations forcing content makers as well as producers to conform with UHD Blue ray standards for promoting creation of contents is also predicted to positively affect industry growth during forecast timeline.
Global UHD/4K panel industry is segmented into various technologies like OLED (organic light emitting diode) or LED (light emitting diode) and LCD (liquid crystal display). OLED segment contributed more than 40.1% of total output for 2015 and is projected to record CAGR of about 8.9% during forecast timeframe. Segment expansion can be credited to rising integration of the equipments into tablets and mobiles.
LCD segment is predicted to touch approximately about $18.1 billion by end of forecast timeline. Less energy consumption provided by the systems is predicted to fuel UHD/4Kpanel industry share during forecast timeline.
North America UHD/4K panel market size by application, 2013-2024 (USD Million)
Global UHD/4K panel market is segmented into different applications like digital display screens, televisions, smart phones and personal computers. Televisions led the application segment with greater than 55.1% revenue produced for 2015 and is anticipated to register a CAGR of more than 11.1% during forecast timeline. The growth can be credited to factors like rising use of product in television systems due to increasing demand for best picture quality to enhance consumer viewing experience.
Digital display screens segment is evaluated at more than $4.1 billion for 2015. Segment expansion can be credited to growing demand for publishing, advertising and signage along with extensive utility of big UHD displays in digital applications like cinema complexes, music and sports activities.
Retail segment is predicted to record significant growth and promote the product brands. These equipments help dealers to demonstrate their current product offerings with details and this can propel in expanding consumer base.
Global UHD/4K panel industry is segmented into various geographical regions like North America, MEA, LATAM, Europe and APAC.
North America UHD/4K panel industry is predicted to contribute more than $19.1 billion by end of forecast timeframe. U.S. UHD/4K panel market is expected to make maximum contribution to the North America UHD/4K panel industry share. Factors predicted to contribute towards the regional industry growth are quick acceptance of new technology as well as growing customer base.
APAC UHD/4K panel market share contributed about 20.1% of the overall revenue share of the industry for 2015 and is projected to record CAGR of about 11.7% during forecast timeline. Presence of many original equipment manufacturers all around the region is expected to enhance the industry expansion in future.
Browse key industry insights spread across 90 pages with 71 market data tables & 40 figures & charts from the report, “(Ultra High Definition) UHD/4K Panel Market Size By Technology (LCD, LED/OLED), By Application (Televisions, Personal Computers, Smartphones, Digital Display Screens), Industry Analysis Report, Regional Outlook (U.S., UK, Germany, China, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Key industry participants profiled in the report include Toshiba Corporation, Hisense Group Company Limited, AU Optronics Corporation, Koninklijke Philips N.V., Panasonic Corporation, Samsung Electronics, Sony Electronics Incorporation, BOE Technology Group Company Limited, Innolux Corporation, LG Display Company Limited, Haier Group and Sharp Corporation.
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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.