Sellbyville, DE -- (SBWIRE) -- 01/21/2019 -- 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 techie's 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.

Escalating applications of these devices across media & broadcasting sector are predicted to positively impact UHD panel market share. In addition, various attributes, such as extensive color gamut, high picture resolution, and wide dynamic range, is anticipated to help new genres & entertainment field over the next eight years.

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Surging adoption across various sectors, such as advertising and publishing & signage, is predicted to catalyze the industry demand. Escalating product implementation in digital applications, such as sports, music events, and cinema complexes, is expected to favorably impact 4K panel market size over the forecast period. However, high costs associated with these are likely to motivate consumers for opting substitutes, such as LEDs and LCDs, and is predicted to hamper growth over the forecast timeline.

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.

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.

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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.

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