USD 75.64 billion
Global 4K Display Market Size, Share, Growth Analysis, By Application(Aerospace & Defense, Consumer Electronics), By Product Type(Cameras, Digital Cameras), By Resolution Type(3840 X 2160, 3996 X 2160) - Industry Forecast 2024-2031
Report ID:
SQSG45M2002 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
101 |
Figures:
76
Global 4K Display Market Insights
Global 4K Display Market size was valued at USD 75.64 billion in 2019 and is poised to grow from USD 93.04 billion in 2023 to USD 599.52 billion by 2031, growing at a CAGR of 23% in the forecast period (2024-2031).
The global market for 4K display resolution is growing rapidly. There is an increasing demand for 4K resolution TVs and computer displays. The global expansion of the 4K display resolution market reflects changing consumer preferences for display monitors. The high prices aren't deterring people from wanting to own a TV with a 4K display resolution.
Display resolution advancements have aided in the realization of far-fetched concepts such as a 4K or 8K TV. Its primary feature is the highly defined resolution of 4000 pixels. The highly defined resolution of 4000 pixels serves as its basic quality, which drives global demand for 4K displays.
In the forecast period, it is anticipated that the worldwide 4K display market would expand significantly. Smart devices have been using high definition increasingly, which enhances the viewing experience. Because of recent technology advancements, screen size and resolution have changed significantly. A market for large screen TV has emerged as a result of the switch from standard definition to high-definition resolutions. The emergence of Ultra High Definition (UHD), often known as 4K televisions, is the result of this new trend in high-resolution displays. UHD screens with 4K resolution are referred to as 4K panels.
Consumer demand for big-screen TVs combined with increasing image quality and resolution is the main 4K display industry driver. Different display technologies, such as Light Emitting Diode (LED), High Definition (HD), Liquid Crystal Display (LCD), etc., have been adopted by the electronic display industry. UHD refers to any displays with greater resolutions and offers four times as much resolution as Full HD panels. Additionally, it is anticipated that growing demand for gaming consoles and video games will favorably affect the expansion of the 4K display industry.
US 4K Display Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Consumer Electronics
Fastest Growth
Consumer Electronics
Growth Rate
23% CAGR
Global 4K Display Market ($ Bn)
Country Share for North America Region (%)
Global 4K Display Market By Application ($ Bn)
Global 4K Display Market By Application (%)
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Global 4K Display Market Segmental Analysis
The global 4k display market is segmented on the basis of application, product type and region. Based on the application, the market can be categorized into aerospace & defense, consumer electronics, retail & advertisement, media & entertainment, business & education segments. By product type, the market is segregated into cameras, digital cameras, camcorders, projectors, smartphones & tablets, monitors & smart TVs segments. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
4K Display Market Analysis by application
Based on Application, The consumer electronic segment dominated The Global 4K Display Market. Numerous industries, including commerce and education, leisure, aerospace and defense, consumer electronics, retail, and advertising, among others, can use the product. In addition to televisions, UHD panels used in smartphones, cameras, personal computers, and other industrial applications are anticipated to drive market demand. Two application categories for 4K monitors can be broadly distinguished: personal and business. Consumer electronics are included in the personal application section. On the other side, the commercial application segment includes, among other things, aerospace, defense, entertainment, business, and education.
Global 4K Display Market By Application, 2023 (%)
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Global 4K Display Market Regional Insights
North America led the Global 4K display market, with the U.S. contributing more than 68% of the global market. A wide number of service providers and helpful government efforts are characteristics of the expansion. SMT services provided by Google, Inc. and Microsoft Corporation, coupled with their free internet search engines, have grown in prominence in the United States. India and China have experienced rapid expansion in recent years. The demand for translated content has increased due to the Asia Pacific region's multilingual culture. Regional demand has been greatly catered for by solution suppliers.
As an online 4k display (MT) service for employees of public administration in various European nations, the European Commission (EC) introduced e-Translation services. Through the Advance Passenger Information System, the service is accessible to EC information systems in addition to individual users (API). Additionally, to encourage and stimulate the development of these systems, the European Association for 4k display has given opportunities for developers, academics, and expert translators interested in technologies connected to translation.
Global 4K Display Market By Region, 2024-2031
- Largest
- Fastest
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Global 4K Display Market Dynamics
4K Display Market Driver
Rise in Adoption of Technology to boost market expansion
- The growing adoption of the technology by SMEs and large corporations is expected to drive the UK cloud 4k display market to a stable growth rate of around 29% by 2030. Many businesses are migrating their data to cloud-based infrastructure to improve communication, lower maintenance costs, accessibility, scalability, mobility, and data security. Global participants provide cloud-based MT in response to changing corporate needs.
4K Display Market Restraint
High Price and Lack of Efficient Customer Service to Refrain the Market Growth
- Additionally, it is also hampered by presence of counterfeit products that lack the standard quality. These products are available at low prices which adds to their popularity. Therefore, the availability of counterfeit products is projected to confine the market growth.
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Global 4K Display Market Competitive Landscape
There are several significant participants in the market for 4K display resolution, which is relatively fragmented. Few of the big competitors now control the majority of the market in terms of market share. However, with production costs falling and fierce competition, businesses are implementing new launch tactics to boost sales and expand their market share. For instance, Sony unveiled the Xperia 1, the first smartphone with a 21:9 4K display, in an effort to re-enter the smartphone industry after experience two consecutive quarters with significant sales declines.
4K Display Market Top Players Company Profiles
- Samsung Electronics Co., Ltd.
- LG Display Co., Ltd.
- Sony Corporation
- Panasonic Corporation
- Sharp Corporation
- AU Optronics Corp.
- Innolux Corporation
- Toshiba Corporation
- Hisense Electric Co., Ltd.
- TCL Corporation
- BOE Technology Group Co., Ltd.
- Koninklijke Philips N.V.
- EIZO Corporation
- Planar Systems, Inc.
- ViewSonic Corporation
- NEC Display Solutions, Ltd.
- BenQ Corporation
- Christie Digital Systems USA, Inc.
- Barco NV
- Leyard Optoelectronic Co., Ltd.
4K Display Market Recent Developments
- In August 2022, Xiaomi Smart TV X Series with 4K display will be released in India. The Xiaomi Smart TV X Series is expected to replace the Mi TV 5X series, which debuted in August of last year.
- In June 2022, LG introduced the CineBeam 4K Laser Projector and the UltraFine Display OLED Pro monitor. LG Electronics has announced the launch of two premium products in India. In the subcontinent, the LG CineBeam 4K Laser Projector and the LG UltraFine Display OLED Pro monitor are now available.
Global 4K Display Key Market Trends
- Growing Popularity of OLEDs: One of the main drivers of the market's expansion at the moment is the increasing popularity of flat-screen televisions (TVs) around the globe. In addition, with the rise in demand for OLEDs, the market growth for energy efficient devices is anticipated to triple in the upcoming years.
- Demand from the Healthcare Sector: Additionally, 4K display resolution finds many uses in the medical imaging sector of the healthcare industry as it provides superior depth, perspective, and richer detail compared to regular HD. The use of telemedicine, which enables medical personnel to assess, diagnose, and treat patients remotely via telecommunications technology, is also growing at the moment.
Global 4K Display Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global 4K display market report analysis, the global market is segmented based on application, product type and regions. Due to its high bandwidth needs, streaming 4K video could have a negative effect on the market's growth. Therefore, the high bandwidth need continues to be the fundamental constraint for this sector. Additionally, concerns with signal integrity and mismatched resolution could impede the market expansion. The market demand is projected to be boosted by Intel and Samsung's collaboration to produce 23.6-inch PLS 4K panels at a competitive price. Additionally, collaborations between Intel, ViewSonic, and TPV will increase demand for affordable 4K monitors.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 75.64 billion |
| Market size value in 2031 | USD 599.52 billion |
| Growth Rate | 23% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global 4K Display Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global 4K Display Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 4K Display Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 4K Display Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global 4K Display Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 4K Display Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global 4K Display Market Report Snapshots
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