(Ultra High Definition) UHD/4K Panel Market Size

UHD/4K Panel Market Size

UHD/4K Panel Market size was over USD 16.5 billion in 2015, it is anticipated to grow at over 11% by 2024. Global volume will grow at more than 8%, to exceed 7.5 million units by 2024.
 

Rapid technological advancements resulting in high resolution, improved brightness and extensive color gamut is anticipated to dive global UHD panel market growth over the forecast timeframe. Furthermore, these devices aid in enhancing the customer viewing experience. Rising efforts for the development of 8K technology that offers higher resolution when compared to 4K may spur product demand over the coming years. Increasing number of platforms offering UHD content is anticipated to instigate manufacturers to expand their offerings. Furthermore, estimated reduction in 4K panel market price trend may elevate product demand significantly over the coming years. Various benefits offered include low power consumption, better durability and light-weight.
 

Favorable government initiatives such as reduced custom duties on imports in certain countries such as India and China may positively impact consumption. In addition, legal derivatives mandating manufacturers and content makers to comply with UHD Blu-ray standard for encouraging content creation is also expected to favourably impact growth through 2024.