Ultra High Definition (UHD) Panel (4K) Demand to get Substantial Impetus from Rising Commercial Display Applications

Published Date : Jul 30, 2018

ALBANY, New York, July 30, 2018 –MarketResearchReports.biz has announced the addition of a report titled “Ultra High Definition (UHD) Panel (4K) Market [By End-use Applications - Televisions, Personal Computers, Smart Phones, Display Screens/Walls, and Others (Camera, Tablets, Notebooks); By Technology - LCD and LED (Includes OLED and AMOLED)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020”. The detailed study on the global ultra-high definition (UHD) panel (4K) market offers an elaborate assessment of key growth drivers and restraining factors, factors underpinning opportunities, lucrative avenues, trend in end-use applications, and the prevailing competitive landscape in key regions.

The global ultra-high definition panel market is projected to expand at a robust CAGR of over 12% during the period 2014–2020, riding on the back of its extensive applications in a variety of consumer electronics products. The market is driven primarily by the rising uptake of UHD displays in various commercial sectors, especially in several developing and developed countries.

The rising demand for UHD 4K panel by the various government and corporate sectors, and in industries such hospitality and retail is propelling the growth of the market. In recent times, the substantially rising uptake of UHD panels in the media and broadcasting industry has accentuated the market. The uptake of UHD panels in recent global sports events for delivering a more engaging experience to viewers is a notable factor that offered lucrative avenues for panel manufacturers. The rise in high-profile sports events world over is expected to further catalyze the demand for UHD panels.

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Several attractive characteristics of these panels reinforce their popularity in TVs, such as remarkable refresh rate, wide color range, and better picture density. The growing popularity of UHD LED-based products is fueling the growth of the UHD panels market. The popularity can be attributed to their declining cost over the past few years and the high level of performance that these technologies are capable of.

The rising demand for advanced and more engaging display screens in hoardings and digital signage in the commercial sector is bolstering the demand for UHD panels. The rising consumer awareness of UHD panel TVs is catalyzing their demand in consumer electronics applications. The rising usage of UHD 4K panels in display applications in the arena of art and culture in various parts of the world is contributing attractive revenues to the market.

On the regional front, North America is the leading market for UHD panels while Asia Pacific is projected to rise at the most attractive CAGR over the assessment period.

Some of the prominent players in the ultra-high definition panel market are Toshiba Corporation, Changhong Electric Co., Ltd., Hisense Group Co., Ltd., Sony Electronics, Inc., Koninklijke Philips N.V., BOE Technology Group Co., Ltd., Panasonic Corporation, Haier Group, Sharp Corporation, AU Optronics Corporation, Innolux Corporation, LG Display Co. Ltd., and Samsung Display Co., Ltd.

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