The global ultra-high definition (UHD) panel (4K) market is anticipated to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the rapid technological advancements that can improve the resolution, brightness, and provide wider color gamut.
UHD screens have a resolution of 4K and are also known as 4K panels. Light emitting diode (LED), liquid crystal display (LCD), high definition (HD), and Full HD are types of display screen technologies used in the electronic display industry. UHD provides higher quality displays that have four times the resolution of full HD panels.
Increasing use of UHD panels in television sets, personal computers, and cameras (consumer electronics), digital signage, and industrial applications. Various TV shows and movies can now be shot and edited in 4K UHD due to the advancement in Ultra HD cameras. Most of the television manufacturers across the globe are using these UHD panels. This is due to its benefits such as low power consumption and improved reliability.
The report on the global ultra-high definition (UHD) panel (4K) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Ultra-High Definition (UHD) Panel (4K) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (LCD, LED, and OLED), Products (Television Sets, Projectors, Personal Computers, and Smartphones) and Applications (Home use, Industrial, and Digital signage) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Sony Electronics, Toshiba Corporation, Sharp Corporation, Panasonic Corporation, AU Optronics Corporation, Haier, Hisense Group, BOE Technology Group, Innolux Corporation, Samsung, LG Display, and Koninklijke Philips |
Based on types, the market is fragmented into LCD, LED, and OLED. The LCD segment is expected to expand at a robust CAGR during the forecast period. The light modulating properties of liquid crystals are used in LCD displays. The low power consumption of LCD systems is expected to propel the UHD panel (4K) market share. However, the OLED segment is anticipated to exhibit a high CAGR owing to increasing penetration of this technology in the electronics industry.
In terms of products, the global ultra-high definition (UHD) panel (4K) market is segregated into television sets, projectors, personal computers, and smartphones.
The television sets segment is expected to account for a large market share during the forecast period. The growth of the segment is expected to fuel by rising demand for advertisements and digital signage as well as the widespread use of large UHD displays in digital applications such as music and sporting events and movie theatres. In order to sell goods and brands, the retail industry is projected to have significant growth prospects. TV sets enable retailers to showcase their most recent product offerings with better clarity, potentially attracting a wider audience.
On the basis of applications, the global ultra-high definition (UHD) panel (4K) market is categorized as home use, industrial, and digital signage. The digital signage segment is anticipated to grow at a rapid pace during the forecast period. Digital signage made with UHD/4k panels is widely used for advertisement, informing, branding, and entertainment. Increasing use of these panels for a variety of purposes in industries such as hospitality, government, and retail is expected to boost the segment growth.
Based on regions, the market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. Early adoption of latest technologies is driving the regional market growth. Moreover, rising sales of TV sets is benefiting the market in North America. Ongoing research and development to explore new applications of these panels is expected to boost the growth of the market in the region.
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Some of the leading manufacturers in the global ultra-high definition (UHD) panel (4K) market are Sony Electronics, Toshiba Corporation, Sharp Corporation, Panasonic Corporation, AU Optronics Corporation, Haier, Hisense Group, BOE Technology Group, Innolux Corporation, Samsung, LG Display, and Koninklijke Philips.
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