Transparency Market Research has published a report on the global ultra high definition panel market for the 2014-2020 period. According to the report, the said market will reach a valuation of US$30.4 bn by 2020, increasing from a valuation of US$12.8 bn in 2013. This amounts to a compounded annual growth rate of 12.6% between 2014 and 2020. With a volume growth at a 9.2% CAGR from 2014 to 2020, the volume production of the ultra high definition panel market will reach 5,704.5 thousand units by the end of 2020.The report is titled “Ultra High Definition (UHD) Panel (4K) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available for sale on the company website.
Browse the full 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 report at https://www.transparencymarketresearch.com/uhd-panel-4k-market.html
The increasing use of ultra high definition (UHD) displays in the retail, commercial, and administrative sectors is the major factor boosting growth of the UHD panel market. In media and broadcasting, the utilization of UHD panel offers high-quality image resolution sans pixelation. Some features of UHD TVs are wide range, high picture resolution, and extensive color range for an unsurpassed entertainment experience.
High-profile entertainment and sports events offer immense opportunities for top players in the UHD panel market. Popular sports events such as the FIFA World Cup and The Olympics witness a high demand for these panels for information display. For example, as per an announcement made by the British Broadcasting Corporation (BBC), the matches in the 2014 FIFA World Cup were telecast on Sony HD TV in the U.K. Other than this channel, the UHD content was telecasted on select BBC research and development stations, which augmented sales of these panels.
In the coming years, UHD panels will be increasingly used in publishing, advertising and signage, and display of information about store floor, food courts, and recreational wings in large building complexes. UHD panels also find application in the preservation of artworks and also for creating new art pieces in museums, galleries, etc. These factors are collectively driving the global market for ultra high definition panels.
Technology, end use, and geography are the criteria based on which the global market is divided in this report. By end use, television, personal computers, smartphones, display screens/walls, and others are the segments of this market. Of all, it is the display screens/walls end-use segment that will display the highest CAGR of 17.5% from 2014 to 2020 in the market. Increasing demand for display screens for billboards and hoardings for advertising purposes in the commercial sector is the reason for this.
By the end of 2020, North America will continue to retain dominance in the UHD panel market. High consumer awareness and faster acceptance of advanced technology are promising for the growth of the market in this region.
Ultra High Definition Panel Market Segmentation:
Ultra High Definition Panel Market, By End-use Application
Ultra High Definition Panel Market, By Technology
Ultra High Definition Panel Market, By Geography
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