Ultra High Definition 4K Panel Market share to grow at 11% from 2016 to 2024: Fractovia.org
The report “(Ultra High Definition) UHD/4K Panel Market Size By Technology (LCD, LED/OLED), By Application (Televisions, Personal Computers, Smartphones, Digital Display Screens), Industry Analysis Report, Regional Outlook (U.S., UK, Germany, China, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Ultra-high definition panel market is poised to surpass a revenue of USD 44 billion by 2024 with a CAGR of 11% over the period of 2016-2024. Ultra-high definition UHD/4K panel market is already grabbing a huge attention in the global scenario with the growing incorporation of these panels in varied consumer electronics forum including cameras, laptops, smartphones, and computer display screens.
UHD displays not only provide higher resolution but also offer wider dynamic range, high frame rate, and better color gamut. This attractive combination offer an even more captivating viewing experience to the consumers which in turn is catalyzing the rapid expansion of the industry. Technically, ultra-high definition panel market is segmented into LCD and LED based displays. LEDs being at the pinnacle of consumer demand covered 45% of the total market in 2015, and is slated to grow tremendously at an annual growth rate of 8.8% over the coming seven years. Comparatively lower power consumption than LEDs, is set to drive LCD based ultra-high definition UHD/4K panel industry, with a revenue projection of USD 18 billion by 2024. The global market from television application accounted for 55% of the total volume in 2015 and is anticipated to grow stupendously at a CAGR of 11% over 2016- 2024. In a bid to improve the detailing and sharpness of big screen sets, ultra-high definition panels are mostly integrated in today’s television. Digital display screen application is another prominent area which is slated grow substantially at an annual growth rate of 11.7% over the coming time frame. Retail segment is also expected to offer lucrative business opportunities for overall ultra-high definition panel market in the years ahead. 1|Page