Ultra High Definition 4K Panel Market size worth USD 44.4 billion by 2024 - PowerPoint PPT Presentation

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

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UHD/4K Panel Market size is expected to reach USD 44.41 billion by 2024, according to a new research report by Global Market Insights, Inc. The global UHD panel market size is poised for growth owing to the growing demand for these displays from numerous sectors such as hospitality & retail, corporate, commercial government, and sports venues. – PowerPoint PPT presentation

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


1
(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
2
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.

3
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.

4
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.

5
North America UHD/4K panel market
size by application, 2013-2024 (USD Million)
6

Browse Full Market Research Report on Ultra High
Definition 4K Panel Market _at_ http//goo.gl/RCJ1co
Request for a Sample of this Research report
_at_ https//www.gminsights.com/request-sample/detail
/724
7
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.


8
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