4K Display Resolution Market | Growth, Trends, and Forecast (2019-2024)

Market Snapshot

Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

23.0%

Key Players:

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Market Overview

The 4K display resolution market was estimated at USD 39.02 billion in 2018, and it is expected to register a CAGR of 23%, over the forecast period, 2019-2024. The 4K display innovations are expected to upgrade the television viewing experience of the consumers by providing them with video quality that is twice as good as HD, and four times that of regular television. The demand for higher quality display resolutions is gaining momentum due to the desire for unusual consumer experience with highly defined pixel quality, like 4K display resolution.

Many players are entering the market due to which the market trend is moving toward fragmentation. The decline in the manufacturing cost of 4K displays is driving the market.
To facilitate the adoption of 4K display products by consumers, vendors are integrating the technology into their existing product lines with moderate replacement costs.
The Asia-Pacific region is experiencing rapid urbanization with 33% and 55% for India and China, respectively. This trend is projected to continue in the coming years and is expected to bring unprecedented demographic, economic, and social shifts. With an increase in the standard of living, the demand for premium products, like 4K display, is booming.

Scope of the Report

4K resolution display gives the sharpest picture quality. The display is almost four times as many pixels as high definition display. The study is restricted to 4K display panels used in various products, like monitors, smart TVs, and smartphones. Finished/ Final products, such as 4K UHD and 4K OLED TVs, are not considered.

By Product Type
		Monitor
		Smart TV
		Smartphone
		Other Product Types

By End-user Vertical
		Aerospace and Defence
		Business and Education
		Entertainment and Media
		Retail and Advertisement
		Other End-user Verticals

Geography
		North America
		Europe
		Asia-Pacific
		Latin America
		Middle East & Africa

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Key Market Trends

Entertainment and Media Segment to Hold Major Share

Owing to various factors, such as growing demand for a better gaming experience, enriched entertainment, and the increasing availability of 4K content, the entertainment, and media industry is expected to remain as one of the primary applications of 4K technology.
Modern consumers are showing an inclination toward TVs with 4K resolution, due to the accurate color and color gamut support for graphics designing, photo editing, and examining the fine details of high-resolution images.
Major console manufacturers, like Microsoft and Sony, have released 4K enabled consoles to offer a more immersive and advanced gaming experience, which are expected to witness sales of 4K TVs and monitors to grow.

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Asia-Pacific to Retain Leading Market Share Position

Japan, South Korea, and Taiwan represent a significant share of the 4K TV market with players, such as Samsung, LG, and Sony. Moreover, the increasing sales of consumer electronics in the region are driving the demand for high-quality digital advertisements.
The reduction in ASP of 4K TVs due to declining manufacturing costs is pushing the market to its extent with the technology. Key Players are now adopting strategies to launch new products in partnerships with other tech giants to gain more market share.
Furthermore, a growing retail sector, increasing advertising expenditures, improving public and private infrastructure, and the associated benefits offered by 4K digital signage systems are boosting its market in the region.

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Competitive Landscape

The 4K display resolution market is relatively fragmented and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with decreasing manufacturing costs and with high competition, the companies are adopting product launch strategies to improve and gain more market share.

Apr 2019 - LG chemical and material division purchased more than 500 patented assets from Delaware-headquartered DuPont, mostly pertaining to soluble organic light-emitting diodes (OLED) and plans to develop that technology into its next-gen displays.
Feb 2019 - Sony launched the first ever 21:9 4K display smartphone Xperia 1 to come-back into the smartphone market after back to back severe losses in the smartphone segment.

Major Players

* Complete list of players covered available in the table of contents below

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Introduction to Market Drivers and Restraints
3. 4.3 Market Drivers
  1. 4.3.1 Demand for High-resolution Display Products
  2. 4.3.2 Affordable Manufacturing of 4K Display Products
4. 4.4 Market Restraints
  1. 4.4.1 The Need for High Investment in Content Creation and Broadcasting
  2. 4.4.2 Bandwidth Allocation for 4K Resolution
5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis
  1. 4.5.1 Threat of New Entrants
  2. 4.5.2 Bargaining Power of Buyers/ Consumers
  3. 4.5.3 Bargaining Power of Suppliers
  4. 4.5.4 Threat of Substitute Products
  5. 4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Product Type
  1. 5.1.1 Monitor
  2. 5.1.2 Smart TV
  3. 5.1.3 Smartphone
  4. 5.1.4 Other Product Types
2. 5.2 By End-user Vertical
  1. 5.2.1 Aerospace and Defence
  2. 5.2.2 Business and Education
  3. 5.2.3 Entertainment and Media
  4. 5.2.4 Retail and Advertisement
  5. 5.2.5 Other End-user Verticals
3. 5.3 Geography
  1. 5.3.1 North America
  2. 5.3.2 Europe
  3. 5.3.3 Asia-Pacific
  4. 5.3.4 Latin America
  5. 5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Samsung Electronics Co. Ltd
  2. 6.1.2 LG Display Co. Ltd
  3. 6.1.3 Toshiba Corporation
  4. 6.1.4 Panasonic Corporation
  5. 6.1.5 Sony Corporation
  6. 6.1.6 Sharp Corporation
  7. 6.1.7 Innolux Corporation
  8. 6.1.8 Haier Group Corporation
  9. 6.1.9 Koninklijke Philips NV
  10. 6.1.10 Hisense Group
  11. 6.1.11 BOE Technology Group
  12. 6.1.12 AU Optronics
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS