4K denotes to 4,000 pixels in numerous digital horizontal resolution formats which are primarily used for shelling motion pictures. The amplified pixel size helps to advance the picture lucidity and provide user with an outstanding viewing experience. 4K products treasure their application in numerous fields like consumer electronics, business and education, aerospace and defense, entertainment, retail and advertisement etc. Presently, cinematographers have also happening enchanting attention in seizing high resolution images which is anticipated to ambition the 4K display resolution market throughout the forecast amount.
According to the report analysis,’ Global 4K Display Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ the 4K display resolution market is relatively fragmented and consists of several major players. With regards to market share, some of the major players presently control the market. Though, with declining trade prices and with tall competition, the corporations are accepting product launch strategies to progress and expansion more market share. Some of the key players in this industry segment are AU Optronics Corp, EIZO Corporation, LG Electronics, Panasonic Corporation, Samsung Electronics, Sharp Corporation and Sony Corporation. Still, propagation of 4K content needs meaningly more bandwidth than HD content which might give rise to obstructive the development of 4K display resolution market.
On the basis of geographical regions, major regions include in the market are North America, Asia Pacific, Europe, Middle East & Africa, and South America. Currently, the North America region has been the primary adopter of 4K technology and primes the 4K display market advance. Asia Pacific is correspondingly projected to display development in the approaching years. Japan and Korea are probable to show quick development due to the occurrence of the broadcasting system industry. Additional, China is likely to grow and be the leader in delivery of 4K TV.
The global 4K display resolution market can be divided by product type, resolution, end-use industry and geography. Bases on types of 4K displays products, the market can be fragmented into digital cameras, camcorders, monitors, smart TVs, projectors, smart phone and tablets. The smart TV segment can be sub-fragmented into ultra-high definition (UHD) TVs, organic light emitting diodes (OLED) TVs and access platforms. The smart TVs segment is predictable to produce at the highest rate owing to the demand for large screen TVs, particularly from digital signage sector. The admittance stages embrace Internet Protocol Television (IPTV) & Over-the-Top (OTT), Blu-Ray, Digital Terrestrial Television (DTT) and satellite operators among others. The segmentation on the basis of resolution embraces 3840x2160 resolutions, 5120x2160 resolutions, 3996x2160 resolution, 4096x2160 resolution and 5120x3200 resolution.
Furthermore, request for large screen TVs with higher resolution, which gives a theatre like experience, is serving to boost the consumer interest in smart TVs. Apart from this, 4K display technology delivers an ecosystem for content distribution, creation and processing which is also probable to subsidize to the development of 4K display market. Moreover, mass production and technological advancements of smart TVs has helped producers to decrease the cost of 4K resolution-based products such as smart phones, smart TVs (ultra-high-definition TVs and organic light-emitting diode TVs) etc which has largely donated to the development of this market. Thus, it is anticipated that the market of Global 4K Display Market will boost up throughout the forecast amount.
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Ankur Gupta, Head Marketing & Communications