According to the latest report by IMARC Group, titled “4K Display Resolution Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global 4K Display Resolution Market Forecast. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global 4K display resolution market size reached US$ 82.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 266.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.35% during 2023-2028.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a the 4K display resolution Market?
4K display resolution enables users to see details that are not visible in any other video format and has four times as many pixels as high definition (HD). It offers a wider color space, an improved dynamic range (DR), a high frame rate (HFR), and as much depth as three-dimensional (3D) screens. Nowadays, 4K cameras and displays are becoming more affordable, compact, and user-friendly. As a result, 4K display resolution finds extensive applications in the defense, aerospace, education, retail, and media and entertainment industries across the globe.
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What are the major market drivers in a 4K display resolution Market?
The global 4K display resolution market is primarily driven by the rising traction of flat-screen television (TVs). Moreover, the emerging applications of 4K display resolution in the healthcare industry for medical imaging, as it provides more depth, perspective, and rich detail than regular HD, are positively influencing the market growth. Additionally, there has been a rise in the use of 4K projectors and displays by medical professionals to interact with simulated patients as it creates a virtual environment and more realistic training opportunities. In line with this, the rising reliance on smartphones has catalyzed market growth.
Besides this, the surging adoption of telemedicine that allows healthcare professionals to evaluate, diagnose, and treat patients remotely using telecommunications technology is propelling market growth. Furthermore, the introduction of 4K-enabled consoles that provide a more immersive and advanced gaming experience is contributing to the market growth. Other factors, including the escalating demand for unique consumer experiences with highly defined pixel quality, rising sales of consumer electronics, and increasing advertising expenditures, are also anticipated to create a positive market outlook.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AU Optronics Corp., Boe Technology Group Co. Ltd., Canon Inc., EIZO Corporation, Haier Group Corporation, Innolux Corporation, Koninklijke Philips N.V., LG Electronics Inc. (LG Corporation), Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation and Sony Group Corporation.
Global 4K Display Resolution Market 2023-2028 Analysis and Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Smart TV
Breakup by End User:
- Aerospace and Defence
- Business and Education
- Entertainment and Media
- Retail and Advertisement
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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