Key Market Overview:
4K Display Market size is expected to reach USD 451.8 Billion by 2030 from the value of USD 68.6 Billion in 2022, registering a CAGR of 23.3% during the forecast period (2023-2030)
4K display, also known as Ultra High Definition (UHD), refers to a display resolution of approximately 4,000 pixels horizontally. Majorly 4K display has a resolution of 3840 x 2160 pixels, which is approximately four times the resolution of standard 1080p displays (1920 x 1080 pixels). A 4K display produces far sharper and high-definition image than lower resolution displays, making it ideal for tasks such as high-viewing quality video content, gaming, photo and video editing among others.4K display is also commonly used in large-screen displays, such as in movie theaters and for digital signage (Advertisement). For instance, in 2023 LG electronics reveled a 4K display lineup by the name LG Miraclass LED screen for theaters in different sizes ranging from 14 to 101 square meters. Miraclass offers wide viewing angle of 160 degrees both horizontally and vertically, moreover the contrast ratio is ≥4000:1 meaning that the picture quality generated is high definition and bright.
Market Dynamics:
Drivers:-
The demand for UHD televisions for viewing video content is the main driving factor for the demand for 4k displays. The rise of OTT (over-the-top) content providers and better internet connectivity has resulted into high rate of OTT penetration into homes. Furthermore, with technological and connectivity advancement such as 5G networks the demand for 4k or high-definition content has drastically increased. Therefore, in order to truly enjoy ultra-high-definition content, the demand for 4K television has surged in average households. Moreover, the demand for 4K gaming monitors is also propelling the demand for 4K displays. Modern game development technologies such as unreal engine 5 had resulted into development of ultrahigh resolution games or ultra-realistic games. In order to truly reach the gaming potential 4K displays are crucial in computer gaming. For instance, LG offers a range of 4K monitors of gaming one product by the name UHD 4K Ergo IPS Monitor offers ultra-high-definition resolutions and Anti-Glare output.
Restraints:-
Difficulty in storing and transmitting 4K content is one of the major restraints hindering the market growth. For instance, streaming 4K content consumes 15.6 gigabyte of data per hour on the other hand data consumption in streaming 1080p content is only 3.04 gigabyte per hour. Therefore, in areas with underdeveloped internet infrastructure streaming 4K content form OTT is extremely difficult. Moreover, recoding and developing 4K content is relatively difficult as high-end cameras and cutting-edge technologies are required leading to higher production costs. Hence currently the availability of 4K content is limited. Moreover, on smaller screens the visible difference in 1080p and 4K is very less therefore middle-class price sensitive segment prefer lower quality displays over 4K displays.
Opportunities:-
4k displays adoption in conventional theaters is one of the major opportunities of 4K display market in forthcoming years. 4K display offers far more superior picture quality than conventionally used reflective aluminized screens. Additionally, the 4K displays are highly effective in 3D movies screening as 4K displays offers consistent brightness and clarity throughout the screen. Therefore, viewers are fully immersed in the 3D viewing experience form all viewing angles. Moreover, 4K displays also offers variable brightness ranges which is useful in theater (cinema) settings. 4K displays could efficiently produce billions of colors resulting in best viewing experience. For instance, in 2023 LG electronics reveled a 4K display lineup by the name LG Miraclass LED screen for theaters. These 4K displays are capable of displaying 68.7 billion color variants.
4K Display Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 451.8 Billion |
| CAGR (2023-2030) | 23.3% |
| By Product Type | Televisions, Desktop Monitors, Smartphones, Laptops, and Other Devices |
| By Resolution | 3840X2160 Resolution (4K UHD), 4096×2160 Resolution (DCI 4K), and 3996×2160 Resolution |
| By Application | Residential, Commercial, and Industrial |
| By Geography | North America, Europe, Asia Pacific,
Latin America, Middle East, and Africa |
| Key Players | Acer, ASUS, Dell, HP, LG, Samsung, ViewSonic, and BenQ (Qisda Corporation) |
Market Segmentation:
By Product Type:-
By product type the 4K display market is divided into televisions, desktop monitors, smartphones, laptops, other devices. The television segment held largest market share in the year 2022. Rising penetration of OTT has resulted into availability of high definition 4K content. Therefore, the demand for 4K displays from television segment is highest. For instance, companies including Sony, LG, and Samsung among others offers multiple 4K display televisions. Sony Bravia XR A95K OLED, LG C2 4K OLED. Samsung QN95B Neo QLED TV are most notable 4K television products.
Furthermore, the desktop monitor segment is expected to showcase considerable market growth over the forecasted period. Rising online gaming popularity in Asian countries is expected to fuel the demand for 4K displays in forthcoming years. Moreover, with development of ultra-realistic games the demand for high definition 4K display monitors is likely to rise. For instance, Ghost of Tsushima by IGN and Red Dead Redemption II by Rockstar Games are some of the most realistic games.
By Resolution:–
By resolutions the 4K display market is segmented into 3840X2160 resolution (4K UHD), 4096×2160 resolution (DCI 4K), and 3996×2160 resolution. The 3840X2160 (4K UHD) resolution type held the dominating market share in the year 2022. Most of the television and monitors made for retail consumers are of 3840X2160 resolution. Picture quality on 3840X2160 small screens is approximately identical to that of 4096×2160 displays. Therefore, device manufactures opt for 3840X2160 for data and storage efficiency. For instance, LG offers a range of 4K resolution television by the product name as LGG2 65, LGB2 65, and LGA2 65 all in 3840X2160 resolution.
Furthermore, the 4096×2160 resolution type 4K display is expected to showcase considerable market growth CAGR over the forecasted period. On larger screens the 4096×2160 resolution in industry standard for 4K display. Moreover, on large screens high resolution is crucial to produce clear and high-definition pictures. Therefore, with rising adoption of 4K displays in theaters the demand for 4096×2160 resolution displays is expected to rise in forthcoming years.
By Application
By applications the 4K display market is segmented into residential, commercial, and industrial. The residential segment held dominating market share in the year 2022. In residential segment 4K displays are extensively used in television and desktop monitors. Rising demand for 4K displays in order to consume high-definition video content and ultra-realistic video games is driving the demand for 4K displays in residential segment.
Furthermore, the commercial segment is expected to showcase considerable market growth over the forecasted period. Adoption of 4K displays in multiplexes and theaters is set to rise in forthcoming years. Moreover, the demand for 4K displays for advertisement through digital signage is another major opportunity expected to fuel the demand for 4K displays in commercial segment.
By Region
The regional segment is divided into Asia-pacific, Europe, North America, South America, and Middle East & Africa. The Asia- Pacific region held dominating market share in the year 2022. Asia pacific region has large demand for consumer electronics including televisions, monitors and smartphone. Moreover, countries such as Japan, South Korea and china have leading market players including Sony, Samsung and LG all situated in Asia Pacific region. Therefore, high demand for consumer electronics devices and presence for industry market leaders make Asia Pacific region most dominating. Furthermore, the same region i.e., Asia Pacific region is expected to showcase considerable market growth rising popularity of computer gaming is projected to propel the demand for 4K display monitors in forthcoming years.
4K Display Market Competitive Landscape:
The competitive landscape of the 4K Display Market industry comprises detailed profiling of key market players operating in this market. Major companies been analyzed. It was found that Key players are leading the market through their investments in R&D with product innovation. Furthermore, this report contains company overviews, production capacity, SWOT analysis, financial data, revenues, market potential, global presence, production sites, with product application.
Following are some of the major players in this market: –
Acer
ASUS
Dell
ViewSonic
BenQ (Qisda Corporation)
Recent development
- In January 2023 LG reveled 4K displays for multiplex and theaters by the name LG miraclass 4K screen.
February 2023 Samsung launched Odyssey Neo G7 (gaming 4K monitor). The screen delivers 4K resolution (3,840 x 2,160).
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