4k-ultra-hdAccording to a report from Transparency Market Research, the market for ultra-high definition (UHD) panels globally is estimated to reach $30.4 billion by 2020.
In terms of volume sale, the market for UHD panels is expected to reach 5.7 million units by 2020, at a CAGR of 9.2 per cent from 2014 to 2020.

Factors such as increasing use of UHD displays in commercial sector and proliferating use of UHD TVs in media and broadcasting industry are supporting the growth of ultra-high definition panel market. UHD TVs provide features such as wide dynamic range, high picture resolution and extensive colour gamut to help in exploring new genres and entertainment fields. In addition, UHD panels are expected to find increasing application in industries such as publishing, advertising and signage, and other digital applications such as use of large UHD displays at cinema complexes to show non-movie content such as sports or music events. Moreover, ultra-high definition can also be used in art and culture as a new way of preserving and displaying objects and for creation of new art works in museums, art galleries, etc. These factors are largely responsible for driving the ultra-high definition panel market.

Globally, UHD panel market was valued at $12.8 billion in 2013 and is forecast to grow at a CAGR of 12.6 per cent from 2014 – 2020. The market is segmented on the basis of end-use application, technology, and geography. The end-use applications comprise television, personal computers, smart phones, display screens/walls, and others. The others segment includes camera, notebooks and tablets. Amongst these applications, the display screen/walls segment is expected to grow at the highest CAGR of 17.5 per cent from 2014 – 2020. This is due to the increasing demand of display screens for digital signage in the commercial sector.

Geographically, North America is anticipated to remain the largest market for ultra-high definition panel till 2020 owing to the higher consumer acceptance and awareness of UHD panel based products. Europe and North America had a collective revenue share of more than 70 per cent in 2013. Asia-Pacific is expected to be the fastest growing regional market for ultra-high definition panels over the forecast period, growing at a CAGR of 15.1 per cent.

The global market for UHD panels is dominated by players such as Samsung Electronics, LG, Sony Electronics, Toshiba and others. Samsung Electronics and LG Corporation are leading the global UHD panel market and collectively accounted for around 47 per cent revenue share in 2013.

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By Expat