The global 4K display market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing consumer demand towards big screen television.
4K display or Ultra High Definition (UHD) display refers to the horizontal resolution of about 4000 pixels, which offers improved image feature. The 4K display upgrades the television watching experience of the consumers by providing video quality that is improved by four times that of regular television and twice as good as high definition, along with improved sound quality, better colour display, and crystal clear picture. UHD displays support 4K resolution and are called as 4K panels. 4K display also enhances picture quality or screen resolution for monitors, which are made in increasingly larger sizes.
The COVID-19 pandemic outbreak had negative impact on the market. During the pandemic, the emergency lockdown imposed by government bodies across the globe to reduce the spread of virus resulted a downfall in sales of UHD televisions and desktops. Additionally, the trade business affected, supply chain were disrupted, and manufacturing plants halted their operation, which hampered the growth of 4K display market. The market is expected to quickly recover, since lockdown is lifted by government in many regions as COVID-19 instances have gradually reduced around the world.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for improved image resolution and quality display from end-users is one of the key factors driving the market growth.
- Rising implementation of 4K display in gaming consoles and video games is projected to boost the market during the forecast period.
- Increasing requirement of high bandwidth for streaming 4K content acts as a major challenge that can restrict the market growth in the coming years.
- Mismatching resolution and signal integration issues is expected to hamper the market growth during the projected timeline.
- Escalating number of platform offering UHD content is anticipated to create significant growth opportunities for the market.
Scope of the Report
The report on the global 4K display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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4K Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Entertainment, Aerospace & Defense, Consumer Electronics, Business, Education, Advertisement, Retail, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Samsung Electronics Co., Ltd.; Panasonic Corp.; Sharp Corp.; Canon Inc.; Sony Group Corp.; LG Electronics Inc.; AU Optronics Corp.; Innolux Corp.; Marseille Networks Inc.; and Eizo Corp.
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Market Segment Insights
Growing demand drives the consumer electronics segment
Based on applications, the market is divided into entertainment, aerospace & defense, consumer electronics, business, education, advertisement, retail, and others. The consumer electronics segment is expected to grow at a rapid pace during the forecast period due to growing demand of UHD televisions among consumers. Additionally, the segment growth is further accelerated as the UHD panels are used in variety of consumer electronics, such as smartphones, personal computers, industrial purposes, and cameras. On the other hand, the retail segment is anticipated to expand at a substantial CAGR in the coming years attributed to the changing consumer preferences and UDH panel integrated devices helps retailers to display their latest product offerings with more details and enhanced clarity, which helps in capturing a larger consumer base.
Asia Pacific to constitute a key market share
In terms of region, the global 4K display market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to the presence of key global market players, increasing sales of consumer electronics, rising advertising expenditure, and retail sector in the region. However, the market of North America is anticipated to grow at a rapid pace during the forecast period due to the early adoption of 4K display technology and increasing consumer base for UHD televisions in the region.
Segments
The global 4K display market has been segmented on the basis of
Applications
- Entertainment
- Aerospace & Defense
- Consumer Electronics
- Business
- Education
- Advertisement
- Retail
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Samsung Electronics Co., Ltd.
- Panasonic Corp.
- Sharp Corp.
- Canon Inc.
- Sony Group Corp.
- LG Electronics Inc.
- AU Optronics Corp.
- Innolux Corp.
- Marseille Networks Inc.
- Eizo Corp.
Competitive Landscape
Key players competing in the global 4K display market are Samsung Electronics Co., Ltd.; Panasonic Corp.; Sharp Corp.; Canon Inc.; Sony Group Corp.; LG Electronics Inc.; AU Optronics Corp.; Innolux Corp.; Marseille Networks Inc.; and Eizo Corp. Companies are focusing on investments in R&D sector for advancements in 4K display technology to fulfil the demand from the market and maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
For instance, in February 2019 Sony Group Corp. a Japan based multinational conglomerate corporation announced a launch of the Xperia 1 smartphone, which is the first ever 21:9 4K display. The aim of introducing the smartphone was to come back into the mobile device market after back to back many severe losses in this segment. In April 2019, LG material and chemical division of LG corp. acquired 500 patented materials from DuPont a US based chemistry company. The acquired patents were mainly related to soluble organic light-emitting diodes for development of that technology into its next generation displays.
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