4K Technology Market In depth Analysis , on Latest Trend, Current Status and Insight Driven Transformation

PRESS RELEASE

Published February 8, 2023

4K Technology Market Overview

The rising technological innovation has led to an upsurge in demand for 4K technology. The public demands higher resolution screens for activities like watching movies, video gaming and high-quality live streaming. These activities are chiefly accelerating the 4K Technology Market growth. The market will acquire a CAGR of 21.29 % and a market valuation of USD 50,202 million by 2027.

The 4K technology growth is penetrating due to the massive technological advancements and digital transformation in the broadcasting industry. Consumers' rising per capita income is allowing them to invest in upgraded technology. The manufacturers' enhancement in the fourth industry generation in smart TVs has led to the latest innovation. The usage of smart TVs has also been propelled in recent years due to their major advantages. The operating system of these TVs can run apps and stream videos and music.

The work-from-home trend in the covid-19 pandemics has increased the adoption of the 4K displays. Moreover, the investment in the automotive sector to incorporate high-end display products is contributing to the growth of the 4K Technology Market. The demand to continue massively in the future forecast period.

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Market segmentation

The 4K Technology Market is segmented into different market segments based on TVs, Digital Signage, Smartphones, Monitors, Set-Top Boxes, Laptops, Tablets, Cameras, Projectors and Blu-Ray Players.

The pixel segment of the market is categorised into 406x 2160 pixels, 3840 x 2160 pixels and other 4K resolutions.

The recording devices market segment constitutes of Aspect ratio, 2K resolution, 5K resolution, Digital camera, 8K resolution, 10K resolution, 16K resolution, High-efficiency video coding, Graphics display resolution and Ultra-high-definition television.

The display technologies segment is comprised of High definition (HD), Light Emitting Diode (LED), Liquid Crystal Display (LCD) and Ultra High Definition (UHD).

The end-user application section is categorised into Commercial, Education, Business, Entertainment, Defense, Advertisement, Aerospace and Others.

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Regional Analysis

The regional analysis of the 4K Technology Market has shown massive growth in prominent regions such as the North American region, European Countries, Asia Pacific and other regions.

The Asia Pacific region has proved itself as the market leader with higher revenue value. The developing countries of the region – Japan, India and China are showing tremendous growth in the electronic sector, which is boosting the economy. The major industrial players in China, such as Huawei, Changhong, and Sumavision, are investing in UHD broadcasting equipment development.

The European region is witnessing a steady growth rate due to the inclination towards larger screen sizes and cost-effective solutions. Other regions are also expected to drive the global market growth with great opportunities.

Industry News

In August 2022, SPRODE INDIA and JMGO have come up with next-generation technology. It aims for best-in-class service and supports integration with constant technological advancements. It has launched its new JMGO 4K 3D Tri-Color Laser TV Projector U2 with the JMGO O series in India. In December 2021, Samsung Electronics Co. Ltd declared selection of 2022 4K and 8K TVs would support its new HDR10+ GAMING standard. It is expected to deliver an ultra-responsive HDR and immersive gaming experience for gamers.

4K Technology Market In depth Analysis , on Latest Trend, Current Status and Insight Driven Transformation

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