(Ultra High Definition) UHD/4K Panel Market Share, Application, Size With Growth And Business Strategies Forecast 2020-2027
Category: #Technology  By Ronak Bora  Date: 2021-03-23
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(Ultra High Definition) UHD/4K Panel Market Share, Application, Size With Growth And Business Strategies Forecast 2020-2027

With growing demand for (Ultra High Definition) UHD/4K Panel Market displays in sectors like sports, commercial, government, and hospitality & retail, the global UHD panel market is projected to experience tremendous growth in the forthcoming years.

Advancements in technology are also likely to result in an integration of value-added features in these components. The emergence of economical products will also offer the 4K panel market with tremendous growth opportunities over the forecast timeline.

Numerous features like high resolution and superior color fidelity are further expected to propel growth in the next eight years.

Furthermore, the growing integration of these systems into various consumer based electronic devices, like smartphones, televisions, personal computers and digital cameras is likely to further fuel the global (Ultra High Definition) UHD/4K Panel Market share by 2024.

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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.

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 (Ultra High Definition) 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.

List of the Key Companies that are Operating in the (Ultra High Definition) UHD/4K Panel Market. They are as follows:

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

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.

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Table Of Content:

Chapter 4.        UHD Panel Technology Insights

4.1.     (Ultra High Definition) UHD/4K 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 Panel Application Insights

5.1.     (Ultra High Definition) UHD/4K 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

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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...

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