Sarasota, FL -- (SBWire) -- 02/07/2019 --Zion Market Research has published a new report titled "4K Display Resolution Market By Product (Digital Cameras, Camcorders, Projectors, Smartphones & Tablets, and Monitors & Smart TVs), By Resolution (3840 X 2160, 3996 X 2160, 4096?X?1716, 4096 X 2160, and Others), and By End-Use Industry (Aerospace & Defense, Consumer Electronics, Media & Entertainment, Retail, Education Sector, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025". According to the report, the global 4K display resolution market accounted for USD 188.6 billion in 2018 and is expected to reach around USD 1,650.8 billion globally by 2025, at a CAGR of 36.3% between 2019 and 2025.
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The 4K display resolution market is expected to witness significant growth between 2019 and 2025, owing to the increasing use of 4K TVs worldwide. In 2016, about 48.1 million units of 4K Ultra HD TVs were shipped as compared to 10.1 million units in 2014. During this time, China was the major supplier of 4K TVs. In 2017, China contributed almost 43% of the global 4K TV shipments globally. Furthermore, manufacturers, such as Samsung, LG, and Panasonic, are focusing on further developing the 4K technology by spending and collaborating with various regional suppliers to gain a competitive advantage.
The rising demand for 4K projectors for business purposes is likely to be the main growth factor fueling the 4K display resolution market in the upcoming years. Global manufacturers are focusing on offering 4K projectors for various purposes, such as displaying numerous designs and graphics regarding architectural plans, engineering drawings, financial graphics, etc. The use of IoT in residential applications is expected to further drive the market over the estimated timeframe. However, the high manufacturing costs might limit the 4K display resolution market on a global scale in the future.
The 4K display technology market is divided on the basis of product, resolution, and end-use industry. By product, the global 4K display resolution market includes digital cameras, camcorders, projectors, smartphones and tablets, and monitors and smart TVs. Monitors and smart TVs are projected to hold a prominent share of this global market over the estimated time period. By resolution, the 4K display resolution market includes 3840 X 2160, 3996 X 2160, 4096 X 1716, 4096 X 2160, and others.The 4096 X 2160 resolution segment is expected to grow substantially, owing to its increasing usage in the production of digital cinema. The end-use industry segment includes aerospace and defense, consumer electronics, media and entertainment, retail, education sector, and others. Consumer electronics are expected to hold a substantial share in the 4K display resolution market in the future, owing to the rising investments made by various manufacturers to develop 4K display panels for TVs and smartphones.
By region, North America is projected to hold a considerable share of the global 4K display resolution market over the forecast time span. The U.S. is a key contributor to this regional market, owing to the increasing adoption of 4K display technology in various consumer electronics items, such as smartphones, digital cameras, tablets, etc. Europe is expected to witness significant growth in the 4K display resolution market due to the increasing demand for 4K displays by the automotive sector. The automotive manufacturers are focusing on enhancing their display units considering the introduction of autonomous vehicles.
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Some key players of the global 4K display resolution market are Samsung Electronics Co. Ltd., Sony Corporation, Sharp Corporation, LG Display Co. Ltd., Panasonic Corporation, Toshiba Corporation, Koninklijke Philips N.V., Haier Group Corporation, Innolux Corporation, and BOE Technology Group, among others.
This report segments the global 4K display resolution market into:
Global 4K Display Resolution Market: Product Analysis
Digital Cameras
Camcorders
Projectors
Smartphones and Tablets
Monitors and Smart TVs
Global 4K Display Resolution Market: Resolution Analysis
3840 X 2160
3996 X 2160
4096 X 1716
4096 X 2160
Others
Global 4K Display Resolution Market: End-Use Industry Analysis
Aerospace and Defense
Consumer Electronics
Media and Entertainment
Retail
Education Sector
Others
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Global 4K Display Resolution Market: Regional Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
