Market Research Future (MRFR) in its new report projects that the global market for 4K technology will stand at over USD 150,000 Mn towards the end of 2023, expanding at a robust CAGR of 21.29% between 2017 and 2023. There has been a tremendous growth in popularity of electronic apparatus such as 4K cameras and 4K projectors, and the trend is likely to continue over the next couple of years. The media and entertainment industry is the foremost beneficiary of development of such video solutions. The unmatched video quality offered by 4K is receiving a considerable amount of appreciation by consumers. This is also prompting television manufacturers to place greater emphasis on launching 4K technology-based television sets. The aforementioned factors are expected to remain crucial for the market during the forecast period.
Indeed, the resolution quality offered by 4K Technology Market is much more superior as compared to the conventional SD and HD resolutions. Offering superior video and audio experience has become one of the most important facet of creating high quality content. In 4K or ultra-high definition, the minimum video resolution offered is around 2,160 pixels high and 3,840 pixels wide. However, 4K content have larger file size and normally require bandwidth of 25 Mbps or above. At the same time, lack of network infrastructure continues to hamper the adoption of technology, particularly in the developing world. High-price of the technology is also partly undermining the market potential but this may soon become a non-relevant factor, as start-ups and new market entrants are introducing pocket-friendly 4K based devices. Manufacturers, especially the ones based in Asia are launching their products at competitive prices, thereby gaining an edge over their foreign counterparts.
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Global Market for 4K Technology Competitive Analysis:
MRFR in its report has profiled some of the leading companies operating in the market, which include Canon Inc. (Japan), Panasonic Corp. (Japan), JVC Kenwood Corp. (Japan), AsusTek Corp. (Taiwan), Innolux Corp. (Taiwan), Sharp Corp. (Japan), Blackmagic Design Pty Ltd. (Australia), LG Electronics Corp. (South Korea), Samsung Electronics Corp. (South Korea), Hisense Co.Ltd (China), and Sony Corp. (Japan).
Latest Industry Trends and News:
- Electronic giant Sony Electronics Inc. recently unveiled its two new heavy-duty 4K functional camera blocks. Reportedly, both the devices are integrated with Sony’s advance super resolution zoom (SRZ) technology, enabling video recording of up to 30x optical zoom at 4K resolution.
- ViewSonic Corp., a visual solution expert recently launched a new DLP 4K UHD home projector featuring the ViewSonic PX747-4K. The projector technology is reportedly first of its kind and can set a new benchmark for home projectors.
Global Market for 4K Technology Segmental Analysis:
By type, the market has been segmented into physical product and digital content. The physical product segment is further sub-segmented into digital signage tablets, set top box, projectors, cameras, laptops, and Blu-Ray players. Arrival of a spectrum of physical products that can render 4K content has made a positive impact on the global 4K technology market. Development of 4K compatible flash memory, cameras and television sets has been instrumental is boosting the adoption of the technology.
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Asia-Pacific (APAC) is expected to remain a highly profitable market for 4K technology in 2018 and beyond. This is primarily owing to presence of leading market players and increasing consumer interest in leading-edge audio-visual technologies. Countries such as China, India and Japan are expected to make major contributions to the growth of the market in APAC. In addition, factors such as rising discretionary spending and improving standard of living is influencing the demand for 4K content in region.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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