4K Technology Market to Reach USD 180.7 Billion by 2027 | CAGR 20.8% – Forencis Research

4K Technology Market - Global Industry Analysis and Forecast 2020 to 2027

Global 4K Technology Market: Key Highlights

  • According to the new market research report 4K Technology Market by Product (TVs, Laptops, Projectors, Cameras, Monitors, Digital Signage, Smartphones and Tablets), by End-User (Entertainment and Media, Retail and Advertisement, Aerospace and Defense, Business and Education and Other), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global 4K Technology Market is estimated to reach USD 180.7 Billion by 2027 at a CAGR of around 20.8% during the review period.
  • The 4K is used to refer to the video signals with a horizontal resolution on the order of 4,000 pixels. Moreover, the 4K resolution has four times more resolution than the normal HD.
  • Moreover, the augmented pixel size helps to enhance the picture quality and provide user with an outstanding viewing experience. These will boost the growth of the market in the forecast period.

4K Technology Market

Global 4K Technology Market: Key Market Dynamics

  • With the increasing demand for advance gaming experience is witness to boost the growth of the market in the forecast period. Whereas, the gaming industry has never been stick to the one place for long time.
  • One of the major key concern of the market is high cost which may hamper the market growth. Whereas, the increasing price in the cost of the 4k televisions is excepted to create challenge for the consumption and supply.
  • Rising advancements in display technology and technological growth in ultra HD cameras is lead to create a key opportunity for the growth of the market in the forecast period.
  • The broadcasting of 4K content requires significantly more bandwidth than HD content which might result to create a challenging factor for the growth of 4K display resolution market.

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Global 4K Technology Market: Regional Overview

  • North America:

The North America regional is had projected that the tremendous growth with the rising use of advanced technology. Whereas, the region is anticipated to be the highest growing region with the increasing disposable income of the individuals and the growing penetration of UHD set top boxes in the region. Moreover, the region has been excepted to have the largest market share in global 4K Technology market

Hence, the regional of the 4K TV market growth is also attributed to the rise adoption of 4K set-top boxes, which will lead to offer  exploiting the full capability of 4K TVs with improved picture quality.

  • Asia-Pacific:

The Asia-Pacific is projected of play a leading role for the growth and developments of the market in the forecast period. Whereas, the countries such as Japan, South Korea, and Taiwan is having a significant share of the 4K TV market with players, such as Samsung, LG, and Sony. Moreover, a rising the retail sector as well as the enhancing the public and private platform, and the associated benefits offered by 4K digital signage systems are drive the market in the region. These trend will lead to boost the growth of the market in the forecast period.

Global 4K Technology Market: Key Players Overview

  • Sony Corporation:

Sony Corporation is a Japanese multinational conglomerate corporation, which manufactures audio, home video game consoles, communications, and information technology products for the consumer and professional market. Whereas, the Sony televisions provides a sharpened and refined with the advance detail enhancement and noise reduction technology for amazingly realistic pictures. Also, the 4K Processor X1 is an innovative technology, which is being use advanced algorithms to cut noise and improve detail. It works with 4K X-Reality PRO to produce pictures that are sharp, and clear. In 2020, the Sony Electronics Inc. has announced the latest Z8H 8K LED, A8H and MASTER Series A9S OLED, and X950H and X900H 4K LED televisions.  

  • LG Electronics Inc.:

LG Electronics Inc. is a South Korean multinational electronics company, which manufactures and markets digital display equipment and home appliances. Whereas, the LG 4K UHD TV now comes with AI ThinQ built-in, with the Ultra high-definition picture quality to provide a best experience. Moreover, the LG Electronics USA had announced pricing as well as the availability of 2020 LG NanoCell TVs, featuring 12 new models led by the stunning large-screen 86-inch class Nano90 4K UHD model.

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Published : 2020-09-21