Market Boosted Netflix and Amazon Prime’s Adoption of 4K Streaming Technology. Ultra High Definition Panel Market, Driven by Greater 4K Content & High Quality Sports Broadcasts, Expected to Perform Strongly Till 2022.
The Ultra High Definition Panel Market deals with the development of panels for advanced display technology beyond Full HD and offers resolution which is two times better when contrasted with the full HD panels and subsequently are called 4K panels. Across the world, developing interest and utilization of UHD TV technology and other ultra HD TV devices are predicted to drive the growth of the Ultra High Definition Panel Market during the forecast period.
Scope & Regional Forecast of the Ultra High Definition Panel Market
Quick progression of development of advanced technology leading to higher resolutions, enhanced brightness levels and greater range of colors are expected to drive the growth of the Ultra High Definition Panel Market over the next few years. Moreover, the ultra-high definition panel helps in upgrading the viewing experience of customers.Growing endeavors to develop 8K technology, which offers higher resolution when contrasted with an ultra 4K TV, may boost demand over the coming years. Expanding number of stages offering content suitable for UHD TV is expected to induce producers to expand their offerings significantly.
Besides, a decrease in 4K display price is expected to boost the demand as well. Different advantages offered incorporate low power utilization, superior durability and light-weight.
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Geographically, North America currently dominates the Ultra High Definition Panel Market driven by higher demand and utilization of 4K resolution TV by consumers equipped with greater purchasing power. North America was trailed by Europe and Asia-Pacific as second and third biggest regions for the Ultra High Definition Panel Market.
Asia Pacific is anticipated to have the fastest development, attributable to quickly expanding interest and utilization by individuals in the region due to rising purchasing power of consumers.
Segmentations & Key Players Involved in the Ultra High Definition Panel Market
The Ultra High Definition Panel Market can be broken down into various segmentations on the basis of -
Technology: LCD, LED and OLED.
Application: Home Use, Industrial, Digital Signage and Others.
Product: Television Sets, Projectors, Personal Computers and Smartphones.
Geography: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Ultra High Definition Panel Market are as follows:
BOE Technology Group Co., Ltd.
Koninklijke Philips N.V.
Sony Electronics, Inc.
Hisense Group Co., Ltd.
Changhong Electric Co., Ltd.
Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a six year period of 2016 - 2022, to assess how the market will develop.
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