UHD/4k Panel Market in Asia Pacific Region is Predicted to Record CAGR of 11.6% By 2024

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.
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.
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The consumer electronics sector is soaring with the growing popularity of UHD TVs. The UHD/4K panel market has already generated a heavy momentum in this space with the development of next generation TVs. Ultra HDTV has gradually emerged from a techie's dream to consumer reality in the recent past. This UHD technology is unlocking transformative, awe-inspiring, and enhanced viewing experience with a minimum resolution of 3840 x 2160 pixels. 4K resolution provides around 8 million pixels and is called so as a result of the images being about 4,000 pixels wide.
Devices equipped with UHD panel are highly energy efficient and durable. LG, Toshiba, Sony Electronics, Panasonic, Philips, Sharp, BOE Technology Group, Hisense Group, and Samsung Electronics are the major players accumulating maximum share of ultra-high definition panel industry. These players are highly emphasizing on product development and customer service to keep up with growing competition for providing better image quality. The demand for 60-inch and above screen size is projected to record a substantial growth in UHD/4k panel market.
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Televisions are dominating the UHD/4K Panel market 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.
Some Point from Table of Contents:
Chapter 4 UHD/4k Panel Market Technology Insights
4.1. UHD panel market share by technology, 2015 & 2024
4.2. LCD
4.2.1. Market estimates and forecasts by region, 2013 - 2024
4.3.1. Market estimates and forecasts by region, 2013 - 2024
Chapter 5. UHD/4k Panel Market Application Insights
5.1 UHD/4k Panel Market share by application, 2015 & 2024
5.2. Personal computers
5.2.1. Market estimates and forecasts by region, 2013 - 2024
5.3. Smartphones
5.3.1. Market estimates and forecasts by region, 2013 - 2024
5.4. Televisions
5.4.1. Market estimates and forecasts by region, 2013 - 2024
5.5. Digital display screens
5.5.1. Market estimates and forecasts by region, 2013 - 2024
5.6. Others
5.6.1. Market estimates and forecasts by region, 2013 - 2024
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