UHD 4K Panel Market to exceed $44.4bn by 2024

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Ultra High Definition 4K Panel Market share to
grow at 11 from 2016 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Ultra High Definition 4K Panel
Market

• The report (Ultra High Definition) UHD/4K Panel
  Market Size By Technology (LCD, LED/OLED), By
  Application (Televisions, Personal Computers,
  Smartphones, Digital Display Screens), Industry
  Analysis Report, Regional Outlook (U.S., UK,
  Germany, China, Japan), Application Potential,
  Price Trends, Competitive Market Share
  Forecast, 2016 2024, says that UHD/4K panel
  market share to reach USD 44.41 billion by 2024,
  according to a new research report by Global
  Market Insights, Inc.
• The consumer electronics sector is soaring with
  the growing popularity of UHD TVs. The UHD/4K
  panel market has already generated a heavy
  momentum in this space with the development of
  next generation TVs. Ultra HDTV has gradually
  emerged from a techies dream to consumer reality
  in the recent past. This UHD technology is
  unlocking transformative, awe-inspiring, and
  enhanced viewing experience with a minimum
  resolution of 3840 x 2160 pixels. 4K resolution
  provides around 8 million pixels and is called so
  as a result of the images being about 4,000
  pixels wide.

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Continued...

• The increasing number of platforms offering
  higher resolution of HD content will further
  expand UHD panel industry growth. Moreover,
  government initiatives to minimize custom duties
  particularly in India and China and the dropping
  prices of 4K panels will stimulate UHD market
  over the coming years.
• In 2015, the television application accounted for
  over 55 of revenue share and is set to register
  a CAGR of 11 over the period of 2016-2024.
  Demand for better customer viewing due to
  improved picture quality will propel 4k panel
  industry growth.
• Retail is another booming sector which has been
  penetrated by the UHD technology. This is
  undoubtedly helping retailers to display their
  products with minute details and supreme clarity.
  A memorable shopping experience with UHD displays
  owing to its superior quality is attracting
  larger consumer base, thus driving ultra-high
  definition panel market.
• Digital display screens market worth USD 4
  billion in 2015 is set to witness a significant
  growth curve, owing to rising demand from the
  advertising and publishing sectors. The growth of
  digital signage market due to rising commercial
  application in advertising is also worth noticing.

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North America UHD/4K panel market
size by application, 2013-2024 (USD Million)
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Continued...

• Devices equipped with UHD panel are highly energy
  efficient and durable. LG, Toshiba, Sony
  Electronics, Panasonic, Philips, Sharp, BOE
  Technology Group, Hisense Group, and Samsung
  Electronics are the major players accumulating
  maximum share of ultra-high definition panel
  industry.
• These players are highly emphasizing on product
  development and customer service to keep up with
  growing competition for providing better image
  quality. The demand for 60-inch and above screen
  size is projected to record a substantial growth
  in UHD/4k panel market.
• For achieving better displays of mobile and
  tablet screens, LED technology is used which
  accounted for more than 45 in 2015 and is
  estimated to grow at an annual rate of 8.8 over
  the period of 2016-2024. LCD segment is another
  booming technology, projected to record USD 18
  billion by 2024, owing to its lower power
  consumption feature. LCD uses the light
  modulating properties of liquid crystals which is
  gaining high preference in global UHD panel
  industry.

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Continued...

• In terms of regional split, Asia Pacific
  ultra-high definition panel market share catered
  for over 20 of the overall industry in 2015 and
  is set to hit a CAGR of 11.6 over 2016-2024.
  North America 4K panel market, led by the U.S.,
  is estimated to generate a revenue share of over
  USD 19 billion by 2024. The regional growth is
  subject to huge tech-savvy consumer base and
  intensive adoption of HD technologies.
• Early deployment of this technology is likely to
  show tremendous growth prospects for future
  trends in 4K panel industry. Heavy investments in
  research and development will send strong
  undercurrents for the future of consumer
  electronics. Developments in this area are really
  going to be interesting to watch over, in the
  next couple of years.

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Table Content of UHD/4K Panel Market

• Chapter 1. Methodology and Scope
• 1.1. Research Methodology
• 1.1.1. Initial data exploration
• 1.1.2. Statistical modeling and forecast
• 1.1.3. Industry insights and validation
• 1.2. Data Sources
• Chapter 2. Executive Summary
• 2.1. UHD panel industry 3600 synopsis, 2013 -
  2024
• 2.1.1. Business trends
• 2.1.2. Regional trends
• 2.1.3. Technology trends

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Continued...

• Chapter 3. UHD Panel Industry Insights
• 3.1. Industry segmentation
• 3.2. Industry Size and forecast, 2013 - 2024
• 3.3. Industry ecosystem analysis
• 3.3.1. Vendor matrix
• 3.4. Industry Impact forces
• 3.4.1. Growth drivers
• 3.4.1.1. Growing preference for larger screen
  size
• 3.4.1.2. High demand across application markets
• 3.4.2. Industry pitfalls challenges
• 3.4.2.1. High cost
• 3.5. Growth potential analysis
• 3.6. Porters analysis
• 3.7. Company market share, 2015
• 3.8. PESTEL analysis

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