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4K Display Resolution Market Trends

Report ID: GMI9670
Published Date: May 2024
Report Format: PDF

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4K Display Resolution Market Trends

The gaming industry has played a significant role in driving the adoption of 4K displays. With the introduction of powerful gaming consoles capable of rendering games in 4K resolution, such as the PlayStation 5 and Xbox Series X, there has been a growing demand for 4K displays among gamers who want to experience games at their highest visual fidelity. For instance, in June 2022, Samsung Electronics, a global leader in the gaming monitor industry, announced the global availability of the 2022 Odyssey G85NB, G75NB and G40B gaming monitor lineup, further reinforcing the Odyssey’s industry-leading position in delivering the most immersive & lifelike gaming experience available on the market. The G85NB, which is the world’s first 240Hz 4K gaming monitor is available in a 32-inch format, offering super-realistic picture quality, rapid response times, and premium performance.

4K displays are widely used in professional applications such as film production, graphic design, medical imaging, and architectural visualization. Professionals in these industries require high-resolution displays to accurately view and manipulate detailed content, thereby driving the demand for 4K monitors and projectors. For instance, in September 2022, Canon announced the launch of the new compact 4K Professional Grade Camcorder models: XA75, XA70, and XA60.

As the latest members of the XA series, the XA75 and XA70 use a 1.0-inch 8.29-megapixel CMOS image sensor to bring low noise and high sensitivity; they are also equipped with a 25.5mm wide-angle 15x optical zoom 4K camera lens and Super UD lens to ensure low chromatic aberration. Together with the XA60, the three new compact professional grade 4K camcorders all support the UVC standard, and users do not need to install additional adapters, greatly simplifying the live streaming process. The three 4K camcorders offer professional and content creators the best choice of professional grade 4K camcorders that combine outstanding optical performance, reliable operability, and intelligent functionality.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for 4K display resolution was worth USD 800 million in 2023 and will reach over 30% CAGR from 2024-2032 due to the increasing demand for high-quality visual experiences, the growing popularity of streaming services, and the proliferation of 4K content.

The consumer electronics segment in the 4K display resolution industry will record over 31% CAGR through 2032, attributed to increasing consumer demand for high-definition home entertainment systems, including 4K TVs and monitors.

Asia Pacific will witness 10.5% CAGR from 2024 to 2032, driven by rapid urbanization, rising disposable incomes, and growing demand for high-definition consumer electronics.

Key companies operating in industry are Samsung Electronics, Sony Corporation, LG Electronics, Panasonic Corporation, Canon Inc., AU Optronics Corp., and Eizo Corporation, among others.