4K Display Resolution Market Overview
4K display resolution is a type of display with content 4000 pixels in a digital, horizontal format. It is primarily used for shooting motion pictures i.e. in digital television, digital cinematography and in the movie projection industry. 4K display resolution gives high-quality image standards because of which this resolution technique is adopted by many companies. The ability to provide more pixel density by 4K display resolution makes the image clearer and crisper. Due to all these features, 4K resolutions have applications in various industrial verticals.
4K Display Resolution Market Dynamics
4K display resolutions provide various advantages, such as superior quality, blur-free image and high-quality video recording which ultimately results into enhanced image quality. 4K display resolution is used in several industrial verticals, such as consumer electronics, retail & advertisement, business & education, aerospace & defence, and media & entertainment. Global 4K display resolution market is expected to grow rapidly in near future. Factors which are driving the growth of 4K display resolution market are increasing demand for high resolution and large screen TVs, proliferation of smartphones and tablets with high resolution screens, growing number of tech enthusiasts and early adopters, and increasing consumer awareness.
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On the other hand, factors which are restraining the market growth are heavy investment for content creation and also requirement of more bandwidth for broadcasting of 4K content as compared to HD content. Moreover, 4K display resolution has provided an opportunity to media and broadcasting industry in terms of generating new services as well as distinguishing existing services as this industrial vertical is largest user of 4K display resolution.
4K Display Resolution Market Segmentation
Global 4K display resolution market is segmented on the basis of verticals, product types, resolutions and region. On the basis of verticals, the market is further sub-segmented into various verticals, such as consumer electronics, retail & advertisement, business & education, aerospace & defence and media & entertainment. Out of all these verticals, present 4K display resolution market is dominated by media and entertainment vertical with large number of users. However, consumer electronics market is experiencing high demand of 4K displays because of technological advancement in consumer electronic goods.
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On the basis of product type, the 4K display resolution market is further sub-segmented into different industrial as well as consumer products, such as smart cameras, digital cameras, camcorders, projectors, smartphones & tablets, monitors and Smart TVs. Out of all these products, smart TVs, smart cameras and digital cameras are showing substantial growth rate. It is because of increasing consumer expectation of high-quality and clearer images.
On the basis of resolution, the market is sub-segmented into 3840X2160 resolution, 3996X2160 resolution, 4096X2160 resolution, 5120X2160 resolution and 5120X3200 resolution. Out of all these resolutions, 3840 X2160 resolution is the most popular.
On the basis of geography, the market is further sub-segmented into seven prominent regions, North America, Latin America, Asia Pacific (excluding Japan), Japan as a separate region, Western Europe, Eastern Europe and Middle East & Africa. Presently, Global 4K resolution market is dominated by North America region with largest market value. Furthermore, Asia Pacific and Europe regions are also estimated to be attractive market in coming years with increasing demand from countries such as Japan, China, India and Germany. Demand from Middle East further fuelled the market growth.
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4K Display Resolution Market: Key Players
Major players in the global 4K display resolution market are AJA Video Systems, Inc., AU Optronics Corporation, LG Electronics, Inc., EIZO Corporation, Panasonic Corporation, Canon, Inc., PointGrab Ltd., Innolux Corporation, Marseille Inc., Samsung Electronics Co. Ltd., Red Digital Cinema Camera Company, Sharp Corporation , Sony Corporation and Planar Systems, Inc. among others.