The 4K technology is on the cusp of replacing the HD technology from TV screens, computer monitors, cameras, and projectors. The term 4K is used to refer to video signals with a horizontal resolution on the order of 4,000 pixels. A 4K resolution is 4096 x 2160 pixels (approximately a 1.9:1 aspect ratio). In a full HD resolution produced by the Blu-ray technology, a 4K image is composed of nearly 8.3 Million pixels, whereas a 1080p image has just more than 2 Million pixels. The 4K technology market was valued at USD 18.1 Billion in 2014 and it is expected to grow at a CAGR of 21.8% from 2015 to 2020.
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Different 4K technology-enabled products which have been considered in this report include TVs, monitors, tablets, smartphones, cameras, laptops, digital signage, set-top boxes, and Blu-ray players. 4K TVs accounted for the largest market share of ~49% of the 4K technology market in 2014. Although 4K tablets would be commercialized by the end of 2015, this product segment is expected to grow at the highest CAGR during the forecast period, followed by 4K Blu-ray players and 4K smartphones which are expected to be commercialized in 2016. This report covers the 4K technology market in regions, including the Americas, Europe, Asia-Pacific, and Rest of the World (RoW).
The report also includes the market dynamics such as drivers, restraints, opportunities, and challenges. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each product type, along with the critical analysis such as the Porter’s five forces analysis and the value chain analysis. The report also discusses the future roadmap of the global 4K technology market with respect to upcoming products and potential markets for the same. This report will provide valuable insights to various stakeholders of this market such as raw material suppliers, display manufacturers, OEMs, and distributers in order to formulate their market strategies. Similarly, this report will provide useful information to various technology forums, alliances, associations, research institutes, and organizations to understand the current trends in this market.
The key players included in the 4K technology market report are Canon Inc. (Japan), Blackmagic Design Pty Ltd. (Australia), Innolux Corp. (Taiwan), LG Electronics Corp. (South Korea), Panasonic Corp. (Japan), Samsung Electronics Corp. (South Korea), Sharp Corp. (Japan), Sony Corp. (Japan), JVC Kenwood Corp. (Japan), AsusTek Corp. (Taiwan), Hong Kong Skyworth Digital Holdings Ltd. (China), TCL Corp. (China), and Hisense Co., Ltd. (China).
4K resolution provides four times more pixel density than that of full HD 1080p, with 8.3 Million pixels to display which enhances the picture quality along with incredibly intense colors and image details. Brilliant picture quality and vivid colors play a significant role in the growth of the 4K technology market. However, the lack of 4K content, discrepancy between screen size and viewing distance, and broadcasting problems of 4K contents are key factors limiting the growth of this market.
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