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4K Display Resolution Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5944
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Market Overview:
The global 4K display resolution market size reached US$ 82.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 266.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.35% during 2023-2028.
4K display resolution has four times as many pixels as high definition (HD) and allows users to see details that remain invisible to any other video format. It has the potential to deliver almost as much depth as three-dimensional (3D) screens and offers a wider color space, increased dynamic range (DR), and a high frame rate (HFR). Nowadays, 4K cameras and displays are becoming cheaper, smaller, and easier to use. As a result, there is a significant rise in the adoption of 4K display resolution in the aerospace, education, defense, retail, and media and entertainment industries across the globe.
4K Display Resolution Market Trends:
At present, the rising traction of flat-screen television (TVs) around the world currently represents one of the key factors propelling the growth of the market. In addition, 4K display resolution finds extensive applications in the healthcare industry for medical imaging as it offers better depth and perspective and richer detail than standard HD. Besides this, there is currently an increase in the utilization of telemedicine that allows healthcare professionals to evaluate, diagnose, and treat patients at a distance using telecommunications technology. Incorporating 4K display resolution can create a more natural experience and increase quality exchange than lower resolution solutions. Apart from this, using 4K projectors and displays generates a virtual environment where medical professionals can interact with simulated patients, thereby creating more realistic training opportunities. This, coupled with the increasing reliance on smartphones, is fueling the growth of the market. Furthermore, the introduction of 4K enabled consoles that offer a more immersive and advanced gaming experience is anticipated to drive the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global 4K display resolution market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
- Monitor
- Smart TV
- Smartphone
- Others
Breakup by End User:
- Aerospace and Defence
- Business and Education
- Entertainment and Media
- Retail and Advertisement
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AU Optronics Corp., Boe Technology Group Co. Ltd., Canon Inc., EIZO Corporation, Haier Group Corporation, Innolux Corporation, Koninklijke Philips N.V., LG Electronics Inc. (LG Corporation), Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation and Sony Group Corporation.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | AU Optronics Corp., Boe Technology Group Co. Ltd., Canon Inc., EIZO Corporation, Haier Group Corporation, Innolux Corporation, Koninklijke Philips N.V., LG Electronics Inc. (LG Corporation), Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation and Sony Group Corporation |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global 4K display resolution market was valued at US$ 82.7 Billion in 2022.
We expect the global 4K display resolution market to exhibit a CAGR of 21.35% during 2023-2028.
The rising demand for flat-screen television, along with the growing incorporation of 4K display resolution to create a more natural experience and enhance quality exchange than its traditional counterparts, is primarily driving the global 4K display resolution market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of 4K display resolution across the healthcare industry that allows professionals to evaluate, diagnose, and treat the coronavirus-infected patients at a distance.
Based on the product type, the global 4K display resolution market has been segregated into monitor, smart TV, smartphone, and others. Among these, smart TV currently holds the largest market share.
Based on the end user, the global 4K display resolution market can be bifurcated into aerospace and defense, business and education, entertainment and media, retail and advertisement, and others. Currently, the entertainment and media industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global 4K display resolution market include AU Optronics Corp., Boe Technology Group Co. Ltd., Canon Inc., EIZO Corporation, Haier Group Corporation, Innolux Corporation, Koninklijke Philips N.V., LG Electronics Inc. (LG Corporation), Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, and Sony Group Corporation.
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