4K Technology Market Trend, Share, Growth, Size Analysis and Forecast 2028

4K Technology Market Overview

The global 4K Technology Market accounted for USD 91.97 Billion in 2020 and is expected to reach USD 338.01 Billion by 2028, growing at a CAGR of 19.6% from 2021 to 2028.

4K resolution is a horizontal display resolution of approximately 4000 pixels. 3840 × 2160 (4K UHD) is the leading 4K standard, while the movie projection sector uses 4096 × 2160 (DCI 4K). 4K is also known as Ultra HD, it means a TV resolution of 3840 x 2160 pixels, that's four times more pixels than in a full HD TV and a total of about 8.3 million pixels. Such a high number of pixels define the higher pixel density which results in a better defined picture. The global 4K display market is expected to rise significantly over the forecast period. High definition (HD) is a noticeable trend in smart devices and it also provides an improvement to the viewing experience for users. In the last few decades, screen size and resolution have changed remarkably due to technological advancement.

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COVID-19 Impact Analysis

The outbreak of COVID-19 resulted in market players facing various challenges owing to the supply chain disruptions due to the stringent lockdown measures during the initial stages of the pandemic. The industry is anticipated to witness a substantial decline. Manufacturing activities were at a pause due to labor shortages.

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Growth Factors

Higher resolution and better efficiency is one of the major factors driving the global 4k technology market. In the home context, 4K/UHD means that the TV screen has a minimum resolution of 3840 pixels wide and 2160 pixels high, equivalent to two 1080p screens in height and two in length. This resolution was generally known as quad HD and is used by basically every 4K TV.

Advancement in technology is another factor augmenting the market growth. For instance, 4K cameras now have the ability to film videos with any single frame, as a high-resolution image enables photographers to capture videos without hampering the quality. The high resolution in the 4K market offers users with detailed gaming features. 4K laptops give users with high storage capacity for software interfaces.

Rising disposable income of people is also a factor that is positively impacts the global market growth. Moreover, people preferences have also changed as they want to view the picture in high definition. This is expected to fuel the 4k technology market growth in from 2021 to 2028.

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Product Segment Analysis Preview

TV segment held a share of over 35% in 2020. While TV contains the largest market share in the global 4k technology market and tablets segment is anticipated to be the fastest-growing segment. 4K TVs have enabled users to view with crystal clear clarity together with elegant detail. Users can view detail of image and videos appearing on the screen with improved lighting technology. The shift to the latest technology, due to high resolution and excellent viewing experience is inspiring the growth of the 4K TV market.

With the invention of 4K projectors, 4K TV, and 4K camera the digital content market has progressed. Content captured through these devices creates a large selection of documentaries, TV shows, movies, and videos that are increasingly shot and delivers to the audience in 4K resolution. Set-top box, digital signage, blu-ray player, smartphone, monitor, tablet, and laptop form the product segment.

Regional Analysis Preview

Asia Pacific region is expected to grow at a CAGR exceeding 18% from 2021 to 2028. This is due to the rise in disposable income. Developing economies such as India and China held a substantial market share due to emerging electronics industries in these countries. Presence of key players in the region is the major factor driving the market in this region.

China has been selected to host the 2022 Beijing Winter Olympics. Various companies such as Changhong, Sumavision, and Huawei have started investing heavily for the development of UHD broadcasting equipment. These investments will change digital broadcasting from HD to UHD and boost the market in China.

Key Market Players & Competitive Landscape

Some of the key players in the global 4K technology market are AsusTek Corp., Samsung Electronics Corp., JVC Kenwood Corp., TCL Corp., Sony Corp., Canon Inc., Sharp Corp., LG Electronics Corp., Blackmagic Design Pty Ltd., Panasonic Corp., and Innolux Corp. among others. Numerous companies are opting for strategies such as new product launch, collaboration, and acquisitions to augment their market share. For instance, In 2015 Sony Corp. announced that it is going to launch a new Bravia liquid crystal display television with 4K technology.

The global 4K Technology Market is segmented as follows:

By Product

• Set-Top box
• TV
• Camera
• Digital Signage
• Blu-Ray Player
• Smartphone
• Monitor
• Projector
• Tablet
• Laptop

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa