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

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

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Ultra-High Definition Panel 4K Market Trends

The rapid growth in gaming and entertainment platforms is a significant driver for the market. As these platforms evolve and expand, they demand more advanced display technologies to provide immersive and visually stunning experiences. UHD 4K panels, with their superior resolution and picture quality, have become essential for meeting the expectations of consumers in these areas. The rise of streaming services like Netflix, Amazon Prime Video, Disney+, and others has transformed the entertainment landscape.

These platforms offer a growing library of content in 4K resolution, including movies, TV shows, and original series. Consumers are increasingly looking for displays that can fully support and enhance their viewing experience, making UHD 4K panels a preferred choice. The combination of high resolution, HDR (High Dynamic Range) capabilities, and wide color gamut provided by these panels ensures a cinematic experience with vibrant colors and sharp images.

For instance, in August 2022, ViewSonic Corp., a leading global provider of visual solutions, announced the launch of the X11-4K home entertainment projector. This projector is lamp-free and utilizes next-generation LED technology to deliver high brightness levels and a lifespan of up to 30,000 hours. The X11-4K features native 4K Ultra HD resolution, advanced color reproduction technologies for exceptional image quality, and embedded 5GHz high-speed Wi-Fi and Bluetooth Audio In/Out, allowing users to share entertainment from other devices seamlessly.

The increasing availability of 4K content across various platforms, including streaming services, Blu-ray discs, and broadcast channels, is a significant driver for the UHD/4K panel market. Content providers are increasingly offering movies, TV shows, and live events in 4K resolution. As more content becomes available in 4K, consumers are more likely to invest in UHD/4K panels to enjoy the enhanced visual quality. This trend is encouraging further adoption of 4K displays and driving market growth.

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.