The 4K technology or Ultra High Definition (UHD) technology is the technology which provides pixel resolution of 8 million active pixels. The term 4K is derived from 4096 x 2160 pixels resolution format which refers to the video signals with approximately 4,000 pixels. The global 4K technology market is expected to have a CAGR of 22% during the forecast period 2016-2023. Due to the advanatges provided by the 4K technology such as enhanced picture quality, dolby digital sound quality, sharp contrast level, best viewing experience etc. 4K technology displays are widely used in consumer electronics, media & entertainment, commercial, defence & aerospace, healthcare etc.
Asia Pacific is the largest market for the global 4K technology market. The key factor driving the market growth in the Asia Pacific is the large number of international and regional sports tournaments being organised which would hike up the demand for 4K televisions and LED video walls such as LED score boards and LED mobile panels. The developing countries of Asia Pacific such as India, China and Japan had accounted for the largest market share in terms of revenue due to growing electronics industries in this region. Moreover, the changing preferences of consumer and increasing demand for advanced technologies with enhanced picture and sound quality is driving the 4K technology market growth. North America is expected to be the fastest growing region due to increasing demand for high definition smartphones and laptops in United States.
The global 4K technology market is influenced by the presence of leading electronics companies such as Samsung electronics, Sony Corporation,Toshiba Corporation, Canon Inc., Benq Corporation etc. Product launch, joint venture, merger and acquisition are some of the key strategies adopted by the key market players to gain competitive advantage.
Global 4K technology market report covers segmentation analysis of technology, product and applications. Report further covers segments of technology type which includes LCD and OLED technologies. OLED technology is the leading segment owing to the rising demand for OLED televisions and smartphones. Moreover, huge investments are being done by the key market players to meet the increasing demand for flexible OLED displays. Report further covers segments of product type which includes digital signage, televisions, set-top boxes, smart phones, laptops, projectors, cameras and blu-ray players. The television is the leading product segment. 4K televisions market had accounted for the largest market revenue share of about 49% in 2014. 4K tablets market is expected to exhibit highest CAGR by 2023. Furthermore, 4K Blu-ray players and 4K smartphones are expected to be commercialized by the end of 2017. Whereas, applications of 4K technology include consumer electronics, media & entertainment, commercial, defense & aerospace, healthcare etc.