Ultra High Definition (UHD) Panel (4K) Market Expected to Reach USD 30,404.6 Million by 2020, Globally: Transparency Market Research
Albany, New York (PRWEB) July 31, 2014
According to a new market report published by Transparency Market Research "Ultra High Definition (UHD) Panel (4K) Market [By End-use Applications - Televisions, Personal Computers, Smart Phones, Display Screens/Walls, and Others (Camera, Tablets, Notebooks); By Technology - LCD and LED (Includes OLED and AMOLED)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020", the market for ultra high definition panel globally is estimated to reach USD 30,404.6 million by 2020. In terms of volume sale, the market for UHD panel is expected to reach 5,704.5 thousand units by 2020, at a CAGR of 9.2% from 2014 to 2020. Factors such as increasing use of UHD displays in commercial sector and proliferating use of UHD TVs in media and broadcasting industry are supporting the growth of ultra high definition panel market.
UHD TVs provide features such as wide dynamic range, high picture resolution and extensive color gamut to help in exploring new genres and entertainment fields. In addition, UHD panels are expected to find increasing application in industries such as publishing, advertising and signage, and other digital applications such as use of large UHD displays at cinema complexes to show non-movie content such as sports or music events. Moreover, ultra high definition can also be used in art and culture as a new way of preserving and displaying objects and for creation of new art works in museums, art galleries, etc. These factors are largely responsible for driving the ultra high definition panel market.
Title: Ultra High Definition (UHD) Panel (4K) Market
Published: 10 July 2014
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Globally, the ultra high definition panel market was valued at USD 12,887.1 million in 2013 and is forecast to grow at a CAGR of 12.6% from 2014 - 2020. The market is segmented on the basis of end-use application, technology, and geography. The end-use applications comprise television, personal computers, smart phones, display screens/walls, and others. The others segment includes camera, notebooks and tablets. Amongst these applications, the display screen/walls segment is expected to grow at the highest CAGR of 17.5% from 2014 - 2020. This is due to the increasing demand of display screens for digital signage in the commercial sector. Geographically, North America is anticipated to remain the largest market for ultra high definition panel till 2020 owing to the higher consumer acceptance and awareness of UHD panel based products. Europe and North America had a collective revenue share of more than 70% in 2013. Asia-Pacific is expected to be the fastest growing regional market for ultra high definition panels over the forecast period, growing at a CAGR of 15.1%.
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The global market for UHD panels is dominated by players such as Samsung Electronics, LG Display Co., Ltd., Sony Electronics, Inc., Toshiba Corporation and others. Samsung Electronics and LG Corporation are leading the global UHD panel market and collectively accounted for around 47% revenue share in 2013.
This report analyzes the global ultra high definition panel market in terms of revenue (USD million) and volume (thousand units). The market has been segmented as follows:
Ultra High Definition Panel Market, By End-use Application
- Personal computers
- Smart phones
- Display screens/walls
- Others (Camera, Tablets, Notebooks)
Ultra High Definition Panel Market, By Technology
- Liquid-crystal display (LCD)
- Light-emitting diode (LED) (includes OLED and AMOLED)
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Ultra High Definition Panel Market, By Geography
- North America
- Rest of the World (RoW)
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