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.
Market Trends, Drivers, Restraints, and Opportunities
- Growing disposable income and awareness about 4K TVs is expected to drive the demand for 4K UHD technology in the market.
- Favorable government policies, such as lower import tariffs in countries such as India and China can have a positive effect on consumption of UHD panels across the globe.
- Increasing demand for high-quality video monitors and screens is fostering the growth of the global ultra-high-definition panel market.
- High cost of installation can restrain the market growth. However, improvement in manufacturing technology is anticipated to surmount the challenges in the coming years.
Scope of Ultra-high Definition (UHD) Panel (4K) Market Report
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.
Ultra-High Definition (UHD) Panel (4K) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (LCD, LED, and OLED), Products (Television Sets, Projectors, Personal Computers, and Smartphones) and Applications (Home use, Industrial, and Digital signage)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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
Ultra-High Definition (UHD) Panel (4K) Market Segment Insights
LCD segment to grow at a robust rate
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.
Television sets segment to account a large market share
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.
Digital Signage segment to grow at a rapid pace
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.
North America to dominate the market
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.
The global electric vehicle charging station market has been segmented based on
- Television Sets
- Personal Computers
- Home use
- Digital signage
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Sony Electronics
- Toshiba Corporation
- Sharp Corporation
- Panasonic Corporation
- AU Optronics Corporation
- Hisense Group
- BOE Technology Group
- Innolux Corporation
- LG Display
- Koninklijke Philips
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.