4K Display Market Competitive Analysis by Leading Manufacturers 2020
Global 4K
Display market report offers the latest
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Industry Insights
Viewing experience of the
customer over the world has improved because of the new trend in smart devices
which is called as high Definition. Technological advancement has remarkably
changed the size as well as resolution of the screen in last few decades. A
market for large screen TVs has witnessed growth owing to the transition from
standard to high definition resolution. This market trend spurred the
development of another advanced product named as Ultra High Definition(UHD)
better known as 4K television.
The 4K format mainly used
for the shooting of motion pictures. Crystal clear picture qualities, better
display as well as improved sound quality as compared to its conventional
display technologies are some of the principal features of 4K which is projected
to fuel the 4K display demand. In addition, 4K supports faster frame rates
along with extended colors on the screen which is another factor driving
product sales.
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Consumers all over the
world demand for the big screen TV along with features like improved image
resolution with enhanced image quality. So these requirements are the primary
market drivers for 4K technology. This technology has a distinct advantage over
its previous display techniques in the areas of higher resolution display.
Also, it has four times greater resolution than the regular full HD panels
which makes it ideal for high end TV category. As a result of these benefits
coupled with rising consumer demand ,the key market players are heavily
adopting 4k technology.
As there is advancement in
Ultra HD cameras market also many TV shows and Movies can get recorded and
edited in4K UHD format. Also increasing demand for a gaming consoles is
expected to drive the market in the near future.4K technology also helps sports
genre thanks to its commercial appeal in the consumers .
However 4K streaming
requires high bandwidth and thus negatively impacts the market growth. Further,
signal integrity and mismatched resolution are some other issues which is
anticipated to hamper market growth.
Application Insights
Personal and commercial
applications are the two broad categories in which the 4K display is segmented.
Household, Business, and education, aerospace; defense, retail, and
advertisement are some of the major areas of the application of this product.
Television sets are the original use of 4K panels also this board can be used
in personal computers, industrial purposes, and Smartphone. This in turn is
projected to increase the demand for 4K panels over the forecast peirod.
Regional Insights
Adoption of 4K technology
is expected to witness rapid growth in Asia Pacific Region in the near future .
Also, China is expected to become a leader in Shipment of 4K TV over the coming
years. North America has been the early-adopter of this technology early and is
anticipated to exhibit high growth over the forecast period.
Competitive Insights
There are many companies
are present in the 4K display market. Many companies are launching new
innovative products in this segment. For example, Samsung Electronics has
launched Curved 4K TV which is first in its category. Other leading players in
the market are LG Electronics, Au Optronics Corp, Panasonic, Sharp, Sony, Eizo,
canon, etc. Walt Disney Company, Warner Brothers, Sony Pictures, and Paramount
Pictures have combined and have set the standard for 4K for Digital Cinema.
Intel and Samsung have come
together to manufacture 23.6 inches 4K panels at the affordable price which
will drive the demand of the market. On the similar line Intel, View Sonic, TPV
has come together for manufacturing Budget monitors which also help market to
grow further
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