DUBLIN--(BUSINESS WIRE)--The "Global 4K Technology Market - By Industry, Product, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The Global 4K technology market stood at US$35.95 billion in 2017 and is estimated to reach US$119.21 billion by 2023 at a CAGR of 22.11% during the forecast period, due to the demand for 4K TV, camera and projectors, which remains constant among users, to deliver the best of the work possible. This also influences a lot of companies to flourish and innovate their idea to bring something new along with the technology.
4K technology is the new technology in the market that has changed the display market by bringing some higher resolution aspect. The technology refers to the size of the pixels, with 4096 as horizontal pixels and 2160 as vertical pixels. The technology is only compatible with TV units that have the minimum pixel resolution as 3840, which makes it similar to 2 units of 1080 pixels. Based on the application of the 4K pixels in the different units, the market is generally divided into physical and digital content. With the invention of this resolution in TV, projectors, and cameras, people have got a new opportunity to portray their project to the respective audience with much clarity and higher resolution.
The main market for manufacturing smart TV's in the market has been dominated over the years by Japan, North America, and Korea. Hisense, Chang Hong, and Seiki Corporation are the much popular name of Chinese companies who have been dominating the market of the 4K industry. South Korea and Taiwan are also in the list of manufacturing the smart 4K TVs with the establishment of the companies such as Samsung, Sony, and LG.
Over the years after the first manufactured 4K TV, the demand has never been less in the market. People all over the world are accepting the change in technology in the pixel resolution and are very keen to try it. The rapid growth in the market of the technology is an example of the graph that is at a constant increase over the last few years. The latest technology brought in the market has enabled the user to have the sharpest video and use it as per the purpose without losing the quality of the video. The latest 4K Laptops that are in the market also provides clarity graphics which makes the picture looks much deeper and also appears much clearer. Also, the increase in the screen of the smartphone also promotes the need for high-resolution graphics that is enabling the market of the 4K technology.
Hisense, the company from China started the 100 inches 4K Laser TV Projector. The platform for the projector includes in build applications like Netflix, YouTube, Amazon, Fox Sports, and many more. They have already installed Alexa in their projectors to give a new access to their user. This is done to give competitions to the Global Industries like Samsung, Sony etc which have already incorporated such programs into their projects.
Sony has also come up with the latest version of their 4K Blu-Ray player. The Blu-ray player comes with the support of Dolby Vision HDR and an A/V receiver. The launch of the product is expected to strengthen the position of the company and their brand image among the many. By these, they are also targeting to expand their position in the media and entertainment industry.
Key Topics Covered:
- Industry Value Chain Analysis
- Porter's 5 Forces
Global 4K Technology Market Segmentation, Forecasts and Trends
- Media and Entertainment houses
- Commercial sectors
- Set top boxes
- Blu-Ray players
Company Market Share Analysis
- Samsung Electronics Co. Ltd.
- Sony Corporation
- LG Electronics, Inc.
- ASUSTeK Computer Inc
- Hisense Electric Co., Ltd.
- Panasonic Corporation
- Sharp Corporation
- Blackmagic Deign Pty. Ltd
- Skyworth Digital Holdings Ltd.
- Toshiba Corporation
- BenQ Corporation
- Sichuan Changhong Electric Co., Ltd
- Barco NV
- JVC Kenwood Corporation
- TCL Corporation
- Haier Group Corporation
- Industry M&As, Consolidations
- Investment Opportunities
Global 4K Technology Market - Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/xwjl9h/global_4k?w=4