Ultra High Definition 4K Panel Market size worth USD 44.4 billion by 2024

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(Ultra High Definition) UHD/4K Panel Market size
worth USD 44.4 billion by 2024, to grow at over
11 by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Ultra High Definition 4K Panel
Market

• LED/OLED segment is forecast to account for over
  45 of the overall industry shipments by 2024 and
  is estimated to grow at a CAGR of 8.8 from 2016
  to 2024. The growth in this segment can be
  attributed to the increasing integration of these
  devices into mobile phones as well as tablets.
• LCD segment was valued at over USD 9.5 billion in
  2015. Optimized energy consumption owing to the
  light modulating properties of liquid crystals is
  expected to catapult UHD panel market size from
  2016 to 2024.
• Television application segment is estimated to
  grow at over 8.5 CAGR in terms of volume from
  2016 to 2024. The growth in the segment can be
  dedicated to the rising use of these products in
  television systems. Furthermore, the growing
  demand for superior picture quality to enhance
  the customer viewing experience is expected to
  catapult 4K panel market size through 2024.

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Continued...

• The digital display screen application segment in
  anticipated to grow at 11.7 CAGR from 2016 to
  2024. The widespread implementation of digital
  applications in sports events, cinema complexes,
  and music concerts is expected to drive revenue
  over the forecast timeframe.
• Asia Pacific 4K market share is projected to grow
  faster than the global average in the coming
  years. The growth in the region can be credited
  to the existence of a large number of OEM
  manufacturers across the region. Rising customer
  awareness accompanied by the swift acceptance of
  advanced technology will prove beneficial for the
  North American industry.

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Continued...

• Major industry players include LG, Samsung
  Electronics, Panasonic, Sony Electronics, and
  Toshiba. Other participants are Qingdao Haier
  Group, Sharp, Koninklijke Philips, Innolux, BOE
  Technology Group, AU Optronics, and Hisense
  Group. Companies are anticipated to focus on
  enhancing product portfolio and innovation
  initiatives in order to gain traction.

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North America UHD/4K panel market
size by application, 2013-2024 (USD Million)
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360 Analysis

• Application Analysis
• Televisions dominated the industry, with more
  than 55 of the revenue generated in 2015 the
  segment is projected to grow at over 11 CAGR
  from 2016 to 2024. This may be attributed to
  increasing product use in television systems
  owing to rising demand for better picture quality
  in order to enhance customer viewing experience.
  Digital display screens were valued at over USD 4
  billion in 2015.
• Regional Analysis
• The North American industry is anticipated to be
  valued at over USD 19 billion by 2024 due to
  attractive U.S. 4K panel market share. The region
  is marked by early technology adoption and
  considerable consumer base. Asia Pacific UHD
  panel market share accounted for over 20 of the
  industry 2015 and it is predicted to grow at
  11.6 CAGR from 2016 to 2024. Presence of large
  number of OEM manufacturers across the region is
  likely to catapult industry growth over the next
  eight years.
• Competitive Market Share
• Major industry participants in the UHD panel
  market share include Samsung Electronics, LG,
  Toshiba, Panasonic and Sony Electronics. Other
  prominent players are Sharp, Innolux, Haier,
  Philips, Hisense Group, BOE Technology Group, and
  AU Optronics.

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