Transparency Market Research (TMR) has published a new report titled “Ultra High Definition (UHD) Panel (4K) Market By End-use Applications – Televisions, Personal Computers, Smart Phones, Display Screens/Walls, and Others (Camera, Tablets, Notebooks); By Technology – LCD and LED (Includes OLED and AMOLED) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”. According to the report, the global ultra high definition (UHD) panel (4K) market will reach a value of US$30,404.6 million by 2020.
The global UHD panel market in terms of volume sale will reach 5,704.6 units by 2020, and demonstrate a 9.2% CAGR during the forecast period of 2014-2020. In 2013, the global UHD panel market was estimated at US$12,887.1 million and is anticipated to grow at a CAGR of 12.6% during the forecast period.
The global UHD panel market is majorly segmented according to:
- End-use application (television, PCs, smartphones, display screens, others)
- Technology (LCD and LED)
- Geography (North America, Asia Pacific, Europe, Rest of the World)
The display screens segment will witness the highest growth during the forecast period with a 17.5% CAGR. This is attributed to an accelerating demand for display screens for digital signage in the commercial sector. North America will retain its title of ‘the largest regional market for UHD panel’ till 2020 due to higher consumer acceptance and awareness of UHD panel-based products. Europe and North America collectively held over 70% market revenue share in 2013. However, Asia Pacific will emerge as the fastest growing regional market for UHD panels, and witness a 15.1% CAGR during 2014-2020.
LG Corporation and Samsung Electronics are leading the global UHD market and collectively held 47% revenue share in 2013.
