OLED technology leads the UHD/4K Panel market size owing to the rising integration of these equipment in mobile phones and tablets. LCD segment is anticipated to hit approximately USD 18 billion by 2024. Use of light modulating properties and low power consumption is likely to propel the LCD technology demand in the forecast time frame.
Continuous technological improvements have resulted in enhanced picture quality and extensive color combinations as 4K panel technology provides four times more resolution than full HD panels both horizontally and vertically. These features are expected to drive the global UHD/4K Panel market growth. These high-resolution devices can be easily modified for different applications which include aerospace & defense, consumer electronics, retail & advertisement, business & communication, and entertainment this will act as a catalyst for the UHD/4K Panel market size growth.
Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/724
Heavy investments made in R&D have shown impressive results in the form of improved technology. The adoption of LED technology has led to an improvement in displays for screens and devices. Furthermore, the development of 8K technology, offering higher resolution may provide considerable growth opportunity to the industry players. However, the availability of substitutes which are placed at lower costs compared to the cost of UHD will act as a major restraint factor for the UHD/4K Panel market.
Televisions are dominating the UHD/4K Panel market size owing to the surging use of these high-resolution devices in television. The increasing demand can be attributed to the excellent picture quality to enhance consumer viewing experience. Additionally, digital display screens are expected to witness a rapid growth over the projected timeline. Growth in this segment stems from the growing demand for signage publishing and advertising coupled with the extensive use of UHD displays in digital applications including cinema complexes, music, and sports events.
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/724
Asia Pacific accounts for the largest market for UHD/4K Panel market and is expected to grow rapidly at 11.6% CAGR by 2024. The main driving force for this region would be the presence of a large number of OEM manufacturers. North America UHD/4K Panel market which is dominated by the U.S. is expected to generate the revenue of over USD 19 billion by 2024. The major factors driving the industry growth in this region are early technology adoption and huge consumer base.
Major industry players include LG, Samsung Electronics, Panasonic, Sony Electronics, and Toshiba. Other participants are Qingdao Haier Group, Sharp, Koninklijke Philips, Innolux, BOE Technology Group, AU Optronics, and Hisense Group. Companies are anticipated to focus on enhancing product portfolio and innovation initiatives in order to gain traction.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/ultra-high-definition-UHD-4K-panel-market