New York, NY, Jan. 28, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “4K Display Resolution Market By Product (Digital Cameras, Camcorders, Projectors, Smartphones & Tablets, and Monitors & Smart TVs), By Resolution (3840 X 2160, 3996 X 2160, 4096?X?1716, 4096 X 2160, and Others), and By End-Use Industry (Aerospace & Defense, Consumer Electronics, Media & Entertainment, Retail, Education Sector, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global 4K display resolution market accounted for USD 188.6 billion in 2018 and is expected to reach around USD 1,650.8 billion globally by 2025, at a CAGR of 36.3% between 2019 and 2025.
The 4K display resolution market is expected to witness significant growth between 2019 and 2025, owing to the increasing use of 4K TVs worldwide. In 2016, about 48.1 million units of 4K Ultra HD TVs were shipped as compared to 10.1 million units in 2014. During this time, China was the major supplier of 4K TVs. In 2017, China contributed almost 43% of the global 4K TV shipments globally. Furthermore, manufacturers, such as Samsung, LG, and Panasonic, are focusing on further developing the 4K technology by spending and collaborating with various regional suppliers to gain a competitive advantage.
Browse through 66 Tables & 32 Figures spread over 138 Pages and in-depth TOC on “Global 4K Display Resolution Market: By Type, Size, Share, Trends, Industry Segments, and Forecast, 2018—2025”.
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The rising demand for 4K projectors for business purposes is likely to be the main growth factor fueling the 4K display resolution market in the upcoming years. Global manufacturers are focusing on offering 4K projectors for various purposes, such as displaying numerous designs and graphics regarding architectural plans, engineering drawings, financial graphics, etc. The use of IoT in residential applications is expected to further drive the market over the estimated timeframe. However, the high manufacturing costs might limit the 4K display resolution market on a global scale in the future.
The 4K display technology market is divided on the basis of product, resolution, and end-use industry. By product, the global 4K display resolution market includes digital cameras, camcorders, projectors, smartphones and tablets, and monitors and smart TVs. Monitors and smart TVs are projected to hold a prominent share of this global market over the estimated time period. By resolution, the 4K display resolution market includes 3840 X 2160, 3996 X 2160, 4096 X 1716, 4096 X 2160, and others. The 4096 X 2160 resolution segment is expected to grow substantially, owing to its increasing usage in the production of digital cinema. The end-use industry segment includes aerospace and defense, consumer electronics, media and entertainment, retail, education sector, and others. Consumer electronics are expected to hold a substantial share in the 4K display resolution market in the future, owing to the rising investments made by various manufacturers to develop 4K display panels for TVs and smartphones.
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North America is projected to hold a considerable share of the global 4K display resolution market over the forecast time span. The U.S. is a key contributor to this regional market, owing to the increasing adoption of 4K display technology in various consumer electronics items, such as smartphones, digital cameras, tablets, etc. The U.S. media and entertainment industry is the largest sector in the world and is valued at USD 735 billion. By 2020, it is expected to reach around USD 830 billion.
The European 4K display resolution market is driven by the due to the increasing demand for 4K displays by the automotive sector. The automotive manufacturers are focusing on enhancing their display units considering the introduction of autonomous vehicles. Germany and UK are expected to be the major regional contributors. It is perceived that the informant functions of vehicles will play a vital role in autonomous vehicles, which has led to an increased demand for technologically advanced display units. Top European vehicle manufacturers, such as BMW, Mercedes, and Volkswagen, are focusing on introducing autonomous vehicles in the future, which is anticipated to fuel the 4K display resolution market over the estimated timeframe.
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The Asia Pacific 4K display resolution market is projected to grow at a substantial rate over the forecast timeframe. China and India are anticipated to be the most lucrative countries in this region, owing to the increasing usage of consumer electronics. In 2017, the region’s consumer electronics sector was valued at USD 378.4 billion and is anticipated to reach around USD 550.9 billion by 2024. The 4K display technology is among the major trends in the consumer electronics sector and with the presence of top market players, such as Phillips, Samsung, LG, Sony and others, this regional market in is anticipated to grow significantly.
Latin America is projected to make a crucial contribution toward the global 4K display resolution market over the estimated timeframe. With rising investments in education and technology, Brazil and Argentina are anticipated to drive this regional market. In 2015, Brazil invested about 5.7% of its total GDP in the education sector. Furthermore, in 2017, Latin America raised the total funding of USD 61 million. Argentina is increasingly spending on technology to provide superior quality education.
Browse the full “4K Display Resolution Market By Product (Digital Cameras, Camcorders, Projectors, Smartphones & Tablets, and Monitors & Smart TVs), By Resolution (3840 X 2160, 3996 X 2160, 4096?X?1716, 4096 X 2160, and Others), and By End-Use Industry (Aerospace & Defense, Consumer Electronics, Media & Entertainment, Retail, Education Sector, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/4k-display-resolution-market
Some key players of the global 4K display resolution market are Samsung Electronics Co. Ltd., Sony Corporation, Sharp Corporation, LG Display Co. Ltd., Panasonic Corporation, Toshiba Corporation, Koninklijke Philips N.V., Haier Group Corporation, Innolux Corporation, and BOE Technology Group, among others.
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This report segments the global 4K display resolution market into:
Global 4K Display Resolution Market: Product Analysis
- Digital Cameras
- Camcorders
- Projectors
- Smartphones and Tablets
- Monitors and Smart TVs
Global 4K Display Resolution Market: Resolution Analysis
- 3840 X 2160
- 3996 X 2160
- 4096 X 1716
- 4096 X 2160
- Others
Global 4K Display Resolution Market: End-Use Industry Analysis
- Aerospace and Defense
- Consumer Electronics
- Media and Entertainment
- Retail
- Education Sector
- Others
Global 4K Display Resolution Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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