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Ultra-High Definition (UHD) Panel (4K) Market Size

  • Report ID: GMI724
  • Published Date: Aug 2024
  • Report Format: PDF

Ultra-High Definition Panel 4K Market Size

The Ultra-High Definition Panel 4K Market size was valued at USD 36.5 billion in 2023 and is anticipated to grow at a CAGR of over 10% between 2024 and 2032. The growing adoption of advanced display technologies, particularly Quantum Dot OLED (QD-OLED), is emerging as a significant growth driver in the market.

 

QD-OLED technology combines the best attributes of OLED and Quantum Dot displays, offering enhanced color accuracy, brightness, and energy efficiency. This innovative technology is gaining traction due to its ability to deliver superior image quality with vibrant colors and deep blacks, making it highly desirable for both consumer and professional applications. For instance, in December 2023, Samsung Display announced the commencement of mass production for a new 31.5-inch QD-OLED monitor featuring ultra-high-definition (UHD) resolution (3840x2160). This monitor, which boasts the highest pixel density and UHD resolution among OLED monitors, along with fast response speed, is generating significant excitement and anticipation among consumers. To achieve the UHD resolution, Samsung Display utilized ultra-precise inkjet printing technology for the quantum dot (QD) light-emitting layer.

 

The increasing adoption of smart TVs and connected devices is a major growth driver in the market. As consumers seek more integrated and versatile home entertainment solutions, smart TVs have become a central hub for accessing a wide range of digital content and services. These devices offer not only traditional broadcast and cable TV but also access to streaming platforms, on-demand video, gaming, and internet browsing, all in one package. The convenience and functionality of smart TVs are driving consumer preference towards UHD 4K panels, which offer superior picture quality and a more immersive viewing experience. The demand for larger screens and better resolution has been accelerated by the shift towards remote activities, making UHD 4K panels an attractive option for a variety of uses.

 

compatibility issues with UHD/4K panels are the availability of content that fully utilizes the resolution these panels offer. While there is an increasing amount of 4K content available, it is still not as widespread as Full HD content. Many streaming services, broadcasters, and physical media formats may not offer 4K content, or they may provide it at an additional cost. Furthermore, even when 4K content is available, not all content is produced or mastered in true 4K resolution. Some content may be upscaled from lower resolutions, which can result in a less-than-optimal viewing experience and may not fully leverage the capabilities of UHD/4K panels.

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Ultra-high definition panel 4K market size was USD 36.5 billion in 2023 and is expected to register over 10% CAGR from 2024-2032 owing to the growing adoption of advanced display technologies, particularly Quantum Dot OLED (QD-OLED) worldwide.

UHD panel 4K market from the LCD segment is expected to reach over USD 35 billion by 2032 due to adoption of Quantum Dot technology in LCD panels allowing for a wider color gamut and better brightness levels.

North America UHD panel 4K industry is expected to reach USD 30 billion by 2032 due to high demand for UHD/4K panels across various segments, from home entertainment to medical applications like digital signage and corporate presentations in the region.

Samsung Display Co., Ltd., LG Display Co., Ltd., BOE Technology Group Co., Ltd., Sharp Corporation, AU Optronics Corp. (AUO), Innolux Corporation, and Japan Display Inc., are some of the major ultra-high definition (UHD) panel (4K) companies worldwide.

Ultra-High Definition Panel 4K Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 440
  • Countries covered: 21
  • Pages: 220
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