Ultra-High Definition Panel Market Outlook 2024 - Digital Displays Segment to Register Extensive Growth
Date: 2020-03-03   Author: Ronak Bora  Category: #news

Ultra-High Definition Panel Market Outlook 2024 - Digital Displays Segment to Register Extensive Growth

Ultra-high definition panel market from digital displays is anticipated to grow substantially at an annual growth rate of 11.7% over the coming time frame. The robust growth can be credited to world’s   widespread digital signage in varied fields such as sports, cinema, and music concerts. Digital signage market which involves branding, advertising, information etc., is having a direct influence on the ultra-high definition market outlook. Ultra HDs have gained popularity both in residential as well as commercial sectors including hospitals, retail, as well as the government.

The latest trend in today’s television is 4K, i.e., ultra HD. In a bid to improve the detailing and sharpness of big screens, ultra-high definition panels are mostly integrated in television sets. Ultra-high definition panel market from television applications accounted for 55% of the total volume in 2015 and is anticipated to grow stupendously at a CAGR of 11% over 2016- 2024. 4K is rapidly evolving into a high standard for TVs, along with the growing penetration of the product in game consoles, camcorders, and smartphones.

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The buzzing technologies in ultra-high definition panel market are LCD and LED. Organic light emitting diode displays covered 45% of the total industry share in 2015 and is slated to grow tremendously at an annual growth rate of 8.8% over the coming seven years. Bearing a comparatively lower power consumption rate than LEDs, LCD based ultra-high definition panel market is projected to hit a revenue of USD 18 billion by 2024.

Regional highlights pertaining to ultra-high definition panel market over 2016-2024:

  • Asia pacific ultra-high definition panel market covered 20% of the total industry in terms of revenue in 2015 and is poised to grow at a CAGR of 11.6% over the forecast span. Abundance of authentic manufacturers will be the key factor driving the industry growth in this region.
  • North America ultra-high definition industry market, majorly driven by the U.S., will record a revenue of USD 19 billion by 2024. Hi-tech adoption and wide consumer base across these regions is propelling the market growth.

 Key players operating in the ultra-high definition panel market include LG, Panasonic, Samsung Electronics, and Sony Electronics.

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Glimpse of Table of Content (ToC):  -

Chapter 3.        UHD Panel Industry Insights

3.1.     Industry segmentation

3.2.     Industry Size and forecast, 2013 - 2024

3.3.     Industry ecosystem analysis

3.3.1.    Vendor matrix

3.4.     Industry Impact forces

3.4.1.    Growth drivers

3.4.1.1.   Growing preference for larger screen size

3.4.1.2.   High demand across application markets

3.4.2.    Industry pitfalls & challenges

3.4.2.1.   High cost

3.5.     Growth potential analysis

3.6.     Porter’s analysis

3.7.     Company market share, 2015

3.8.     PESTEL analysis

Chapter 4.        UHD Panel Technology Insights

4.1.     UHD 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.     UHD 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

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/ultra-high-definition-UHD-4K-panel-market



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for algosonline 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 sport.

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