Market Research Future (MRFR) presumes the Global 4K Technology Market size to hit USD 150,202 Million with a CAGR of 21.29% from 2016 to 2023 (forecast period). The 4K technology is designed to replace HD technology from TV screens, cameras, computer monitors, and projectors. The term 4K is used to refer to video signals with a horizontal resolution on the order of 4,000 pixels. The resolution of 4K is 4096 x 2160 pixels (approximately a 1.9:1 aspect ratio). In full HD resolution created by Blu-ray technology, a 4K image consists of almost 8.3 million pixels, while a 1080p image has just over 2 million pixels.
COVID-19 Impact on the Global 4K Technology Market
The industry is expected to undergo a small decline as a result of the worldwide outbreak of a novel coronavirus pandemic. Manufacturing activities are at a halt due to labor shortages. This led to a significant decline in demand from the end-use industries.
The main benefits of 4K technology are higher resolution and better efficiency. In the home context, 4K/UHD means that the TV screen has a minimum resolution of 3,840 pixels wide and 2,160 pixels high, equivalent to two 1080p screens in height and two in length. This resolution was commonly known as quad HD and is used by basically every 4K TV. The 4K technology has few drawbacks that impede the growth of the market.
New technologies allow users to capture and edit the sharpest video without losing quality. 4K cameras support the flash memory used by photographers and videographers. 4K cameras have the ability to film videos with any single frame, as a high-resolution image enables photographers to capture videos without compromising quality. The high resolution in the 4K market offers users with detailed gaming features. The QHD or 4K laptop consists of an extra pixel that offers photographers with a sharp image, smooth text, and graphics. The extra pixels in 4K laptops give users the option of better photo and video editing. 4K laptops provide users with high storage for software interfaces.
The content recorded in 4K are still limited. It is important to have a minimum bandwidth of 25Mbps to transfer videos in 4K. The exported archives are very heavy and take up a lot of space. The prices of 4K televisions are not available for all pockets.
Global 4K Technology Market has been segmented into the Product.
By product, the global 4K technology market has been segmented into TVs, monitors, digital signage, smartphones, set-top boxes, tablets, laptops, projectors, cameras, Blu-ray players.
The Asia Pacific region is the leading player in the 4K technology market. Rising economies, such as India, Japan, and China, accounted for the largest market share due to the growing electronics industries in the region. The coming technological revolution is changing the display industry with higher resolution. 4K technology refers to the size of the pixel. It comprises of 3840 or 4096 horizontal pixels and 2190 vertical pixels.
The global 4K technology industry is extremely fragmented and competitive with the presence of a significant number of international and regional players. Market players are deeply engaged in technological advancement, geographic expansion, and mergers and acquisitions in order to retain their footprint in the international market.
Sony Corporation manufactures 4K TVs, 4K home theatre projectors, 4K video cameras, and more. LG Electronics supplies panels for industrial and other applications like entertainment systems, medical diagnostic equipment, automotive displays, portable navigation devices, and flexible display products. The company produces 4K UHD TVs and 4K monitors. On 1 May 2017, SES and LG Electronics (LG) introduced a 32-inch UHD 4K HDR-compatible monitor. Canon Inc. produces 4K vid shows, 4K optics, 4K projector, 4K cameras, and 4K cameras. Amazon Inc. offers 4K content that is further divided into 4K videos, 4K movies, and 4K TV shows. Netflix offers 4K content for both the television and film industry. The company operates in Japan, Brazil, India, Korea, and the United States.
This study forecasts revenue growth at global, regional, and country levels and provides insight into the latest developments in each sub-sector from 2016 to 2023. For this study, MRFR divided the global 4k technology market report by product and region.
|Market Size||USD 150,202 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Physical Product|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||AsusTek Corp. (Taiwan), LG Electronics Corp. (South Korea), Innolux Corp. (Taiwan), Sharp Corp. (Japan), Blackmagic Design Pty Ltd. (Australia)|
|Key Market Opportunities||Increasing spending power of consumers and the increasing preference of consumers.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The income of USD 150,202 Million is anticipated to be gained by 2023.
A 21.29% CAGR is expected to motivate the market in the upcoming years.
The Asia Pacific region is the leading player in the market due to the presence of growing economies
The segments of type and physical products are likely to encourage the market’s expansion.
AsusTek Corp. (Taiwan), Innolux Corp. (Taiwan), Sharp Corp. (Japan), Blackmagic Design Pty Ltd. (Australia), LG Electronics Corp. (South Korea) are the contenders in the market.
The limited availability of the distribution network is expected to restrict the market share in the coming period.
The technological revolution and demand for clear displays are expected to motivate the market in the coming years.