What is 4K Technology Market?
4K technology refers to one of two high definition resolutions, 3840 × 2160 pixels or 4096 × 2160 pixels. 4K is four times the pixel resolution or twice the line resolution of 1080p. These resolutions are most frequently used in larger screen televisions to create better-detailed pictures. The main advantage of 4K technology is that it has a greater resolution which gives a better quality of the view. The consumer’s preferences are changing with respect to display monitors that fuel the market of 4K technology.
Highlights from 4K Technology Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Blackmagic Design Pty Ltd. (Australia), Canon Inc. (Japan), LG Electronics (South Korea), Innolux Corporation (Taiwan), Sharp Corporation (Japan), Panasonic (Japan), Samsung Electronics (South Korea), Sony (Japan), AsusTek (Taiwan) and JVC Kenwood Corporation (Japan) |
4K Technology market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that Japanese Players will contribute to the maximum growth of Global 4K Technology market throughout the forecasted period.
Blackmagic Design Pty Ltd. (Australia), Canon Inc. (Japan), LG Electronics (South Korea), Innolux Corporation (Taiwan), Sharp Corporation (Japan), Panasonic (Japan), Samsung Electronics (South Korea), Sony (Japan), AsusTek (Taiwan) and JVC Kenwood Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Hisense Co., Ltd. (China), TCL (China) and Hong Kong Skyworth Digital Holdings Ltd. (China). 4K Technology Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Consumer Electronics, Advertisement, Aerospace and Defense, Business and Education, Entertainment and Others |
Type | Digital Cameras, Camcorders, Projectors, Smartphones and Tablets and Monitors and Smart TVs |
Resolution | 3840 x 2160 pixels,4096 x 2160 pixels |
On the basis of geography, the market of 4K Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend of Large Displays
Market Growth Drivers:
Greater Resolution with Better Quality, Availability of 4K Display Products in Affordable Prices and Increased Color Resolution and Bit Depth
Challenges:
Need For High Investment in Content Creation and Broadcasting and Fluctuations in the Raw Material Cost
Restraints:
Content Recorded In 4K Is Still Limited
Opportunities:
Demand for High-Quality Videography and Photography and Increasing Demand for Smart TVs and Smart Phones
Key Target Audience
4K Technology Developers, Technology Investors, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Market Leaders & Development Strategies
In March 2023, Panasonic launched a new range of 4k Google TVs in India, starting at RS 19,990. The new range of Google Tvs comes display size. The addition of Google TV to Panasonic's robust TV portfolio reinforces the company's commitment to offering the latest technology and innovation to its customers.
On 18th March 2019, LG Electronics USA, launched LG NanoCell LED 4K Ultra HD TV, which is available in sizes ranging 49 to 86 inches. It has LG NanoCell technology IPS panels and a new processor2 to deliver impressive picture enhancements, color accuracy and wide viewing angles.