Ultra-high definition panel market is undergoing a massive global expansion, owing to the fact that these panels are endowed with quadruple times the resolution of conventional HD displays. UHD videos not only provide higher resolution, but also offer a wider dynamic range and better color gamut. Recent incorporation of ultra-high definition panels in various consumer electronics such as cameras, laptops, smartphones, and computer display screens is expected to spur the overall industry in the coming time frame.
The buzzing technologies in ultra-high definition panel market are LCD and LED. Organic light emitting diode displays covered 45% of the total industry share in 2015, and is slated to grow tremendously at an annual growth rate of 8.8% over the coming seven years. Bearing a comparatively lower power consumption rate than LEDs, LCD based market is projected to hit a revenue of USD 18 billion by 2024.
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In terms of the technology, LED/OLED panels are likely to capture more than 45% market share by 2024, growing at a healthy CAGR of 8.8%. The display technology is being increasingly integrated to portable smart devices such as smartphones and tablet.
On the other hand, LCD panels industry size was valued at US$9.5 billion in 2015 and is expected to witness notable growth in the future. These panels are widely preferred in display applications owing to optimized energy consumption compared to other technologies, which can be linked with excellent light modulating properties of liquid crystals.
The demand for UHD/4K display panels across digital display screen application is likely to grow at a CAGR of 11.7% CAGR through 2024. The technology is being extensively being implemented in modern digital display applications such as musical events, cinema complexes, and sports, events.
Meanwhile, the adoption UHD/4K panels across television application will grow at an 8.5% CAGR through 2024. The television industry has been among the leading adopters of the technology over the past few years, and will continue to lead innovation in the space, with growing consumer inclination towards larger television screens and superior picture quality for an enhanced viewing experience.
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Asia Pacific is expected to capture a substantial share of the industry by 2024, with the presence of major electronics companies and OEMs in the region. The region is among the world’s largest manufacturers and exporters of electronic gadgets and appliances. Increasing popularity of advanced display technologies among consumers will complement the regional outlook.
Key players operating in the ultra-high definition panel market include LG, Panasonic, Samsung Electronics, and Sony Electronics.
Major Key Points from Table of Content:
Chapter 4. Ultra-high definition panel market, Technology Insights
4.1. Ultra-high definition panel market share by technology, 2015 & 2024
4.2.1. Market estimates and forecasts by region, 2013 - 2024
4.3.1. Market estimates and forecasts by region, 2013 - 2024
Chapter 5. Ultra-high definition panel market, Application Insights
5.1. Market share by application, 2015 & 2024
5.2. Personal computers
5.2.1. Market estimates and forecasts by region, 2013 - 2024
5.3.1. Market estimates and forecasts by region, 2013 - 2024
5.4.1. Market estimates and forecasts by region, 2013 - 2024
5.5. Digital display screens
5.5.1. Market estimates and forecasts by region, 2013 - 2024
5.6.1. Market estimates and forecasts by region, 2013 - 2024
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