Global Ultra High Definition (UHD) Panel (4K) Market is expected to grow at a CAGR of 11.2% during the forecast period and market is expected to reach US$ 58.98 Bn. by2027.
Ultra High Definition (UHD) is advancement after Full HD. UHD displays have 4K resolution, and hence, are also known as 4K panels. The electronic display industry includes various types of display screen technologies such as Light Emitting Diode (LED), Liquid Crystal Display (LCD) High Definition (HD) and Full HD. UHD is an umbrella term that includes all the higher resolution displays which provides 4 times higher resolution than full HD panels.
These UHD panels are now adopted by all television players and these panels would pave a significant headway to this market. Since the shipments of these panels would reach 145000 units in the year 2015, this market is expected to grow, which makes it essential to study the global scenario of the same. The increasing adoption of UHD panels in television sets, personal desktops, cameras (in consumer electronics), digital signage and industrial purposes are some of the factors responsible for the market growth. The high cost is the only major restrain for this market. As the technology advances, there are numerous opportunities for the market to grow.
Market Drivers
The global growth of ultra-high definition (UHD) panel market size is primarily driven by widespread product usage in consumer electronics such as smartphones and television. Growing demand for miniaturized electronics is likely to propel market growth at a significant rate during the review period. In addition to this, increasing demand for OLED-based display screens is likely to create lucrative opportunities for the players operating in the global market during the review period.
Covid-19 Impact Analysis
The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of ultra-high definition (UHD) panel declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. However, the product demand increased significantly post reopening of the economies.
Report Attributes | Report Details |
Study Timeline | 2017-2030 |
Market Size in 2030 (USD Billion) | 35.52 Billion |
CAGR (2023-2030) | 5.9 % |
Base Year | 2022 |
By Type | Ground Calcium Carbonate (GCC), Precipitated Calcium Carbonate (PCC) |
By Grade | Industrial Grade, Food Grade |
By Application | Lime & Cement Production, Plastics, Paper, Paints, Adhesives & Sealants, Building Materials, Water & Wastewater Treatment, Food Ingredient (Breakfast Cereal, Baking Powder, Fortified Beverages, Crisps & Cookies, Wine, Others (Pastries, Chewing Gums, Some Breadstuffs) Cosmetic Ingredient (Toothpastes, Eye shadows, Cosmetic Foundations, Face Powders, Others) Tablet & Supplement Formulation, Animal Feed, Ceramic Production, Glass Production, Others |
By End Use Industry | Construction Industry, Food & Beverage Industry, Cosmetics & Personal Care Industry, Agriculture & Animal Husbandry Industry, Paper & Pulp Industry, Pharmaceutical Industry, Paints & Coatings Industry, Polymer Industry, Ceramics Industry, Glass Industry, Water Treatment Industry, Others (Steel Industry, Sugar Industry, Oil & Gas Industry) |
By Geography | - Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
- North America [United States, Canada, Mexico]
- Middle East & Africa [GCC, North Africa, South Africa]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
|
Key Players | Imerys S.A., Mississippi Lime Company, Omya AG, Minerals Technologies Inc., Carmeuse, Okutama Kogyo Co., Ltd., Maruo Calcium Co. Ltd. (Japan), GLC Minerals, Provencale SA, Calcinor |
Global Ultra High Definition (UHD) Panel (4K) Market, Dynamics:
Some of the major reasons behind the increasing demand for 4K UHD technology are rising adoption, increasing disposable income and technological advancements. Key driving factors such as rising growth in 4K content and hike in TV sales are also covered at length in this market report.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
These UHD panels are now adopted by all television players and these panels would cover a significant share in this market. Since the shipments of these panels reached up to 144000 units this market is anticipated to grow. This makes it essential to study the global scenario of the same. The increasing adoption of UHD panels in television sets, personal desktops, consumer electronics, digital signage and industrial purposes are some of the factors accountable for the market growth. The high cost of installation is one of the major restrain for this market. However, as the technology advances there are several opportunities for the market to grow.
The LCD segment led the global UHD panel market in 2019, however on account of the technological advancements in LED technology, the prices of UHD LED based products have reduced because of which they are observing a faster adoption rate. Hence, UHD LED panel segment, by volume is projected to grow at a CAGR of XX % over the forecast period and dominate the technology segment in terms of volume by 2027.
Global Ultra High Definition (UHD) Panel (4K) Market, Regional Analysis:
Geographically, North America is the leading market for UHD panels which accounted for above one third of global ultra-high definition market in 2019. However, Asia-Pacific market is the fastest growing regional market for UHD panels and is expected to grow at a CAGR of XX % from 2019 to 2027.
This report delivers strategic analysis of global ultra-high definition panel market and forecast of growth for the period 2098 – 2027. The market share analysis of the leading players of ultra-high definition panel market is mentioned in the report, demonstrating the scrupulous understanding of their market shares. The report contains a detailed analysis of the prevalent market situation, company profiles and industry trends for UHD panels. The report identifies factors driving & restraining growth with future business opportunities in UHD panel market. Further, the report also analyzes and offers the growth forecasts of global UHD panel market in terms of revenue and volume by end-use application, technology and geography.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global ultra-high definition (UHD) panel (4K) market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER\'s analysis, SWOT analysis to address the question of shareholders in prioritizing the efforts and investment in the near future to the emerging segment in global ultra-high definition (UHD) panel (4K) market.
Global Ultra High Definition (UHD) Panel (4K) Market, By End-use Application
• Television
• Personal computers
• Smart phones
• Display screens/walls
• Others (Camera, Tablets, Notebooks)
Global Ultra High Definition (UHD) Panel (4K) Market, By Technology
• Liquid-crystal display (LCD)
• Light-emitting diode (LED) (includes OLED and AMOLED)
Global Ultra High Definition (UHD) Panel (4K) Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Ultra High Definition (UHD) Panel (4K)
• Samsung Display
• LG Display Co. Ltd.
• Innolux Corporation
• AU Optronics Corporation
• Sharp Corporation
• Haier Group
• Panasonic Corporation
• BOE Technology Group Co., Ltd.
• Koninklijke Philips N.V.
• Sony Electronics, Inc.
• Hisense Group Co., Ltd.
• Changhong Electric Co., Ltd.
• Toshiba Corporation
• Aixtron AG
• Densitron Display Solutions
• Dupont
• IPS Alpha Technology Ltd.
•SNU Precision
• Universal Display Corporation
• XMOS
Global Ultra High Definition (UHD) Panel (4K) Market, Key Highlights:
• Global Ultra High Definition (UHD) Panel (4K) Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Ultra High Definition (UHD) Panel (4K) Market
• Global Ultra High Definition (UHD) Panel (4K) Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Ultra High Definition (UHD) Panel (4K) Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Ultra High Definition (UHD) Panel (4K) Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Ultra High Definition (UHD) Panel (4K) Market are also profiled.