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4K Technology Market is expected to get great business $102.1 Billion by 2020
According to the new market research report on the “4K Technology Market by Product (TVs, Monitors, Digital Signage, Set-Top Boxes, Smartphones, Tablets, Laptops, Projectors, Cameras, and Blu-Ray Players) and Geography (North America, Europe, APAC, and RoW) – Global Analysis and Forecast to 2020″, the total 4K technology market was valued at $18.1 Billion in 2014 is estimated to grow at a CAGR of 21.8% to reach $102.1 Billion by 2020, which includes an in-depth analysis of the products and geography.
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The term 4K is derived from the format of 4096 x 2160 pixels, and refers to approximately 4,000 pixels across the screen. Consumer electronics manufacturers use a slightly lower resolution than the true 4K in their new and upcoming models of televisions and monitors. The major advantage of 4K technology is sharper picture quality with vibrant colors.
The 4K technology market in the report has been categorized based on products: TV, monitor, digital signage, set-top box, smartphone, tablet, laptop, projector, camera, and Blu-ray player. 4K TVs held the largest share of ~49% of the overall 4K technology market, in 2014 and 4K tablets are expected to grow at the highest CAGR among all products. The 4K TV market is further segmented on the basis of screen size and technologies used. The products which do not contain the 4K display panels but use 4K technology in it such as set-top box, projector, camera, and Blu-ray player, for them the market size of the complete product is considered. Whereas, for the products which contains the 4K display panels such as TV, monitor, digital signage, smartphone, tablet, and laptop, for them the market size of the display panels is considered in the report.
The analysis of the 4K technology market on the basis of different geographic regions– the Americas, Europe, Asia-Pacific, and the Rest of the World (RoW), has also been done in the report. APAC had the largest market for 4K technology in 2014, and RoW is expected to grow at the highest CAGR among all regions.
The report profiles major players along with their SWOT analysis in the 4K technology market. The market has been witnessing a series of new product launches, announcements, and partnerships across the value chain. The key players included in the report are Canon Inc. (Japan), Blackmagic Design Pty Ltd. (Australia), Innolux Corp. (Taiwan), LG Electronics Corp. (South Korea), Panasonic Corp. (Japan), Samsung Electronics Corp. (South Korea), Sharp Corp. (Japan), Sony Corp. (Japan), JVC Kenwood Corp. (Japan), AsusTek Corp. (Taiwan), Hong Kong Skyworth Digital Holdings Ltd. (China), TCL Corp. (China), and Hisense Co., Ltd. (China).
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