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UHD 4K Panel Market size likely to exceed revenue of USD 44.4 billion by 2024

UHD/4K Panel Market size is expected to reach USD 44.41 billion by 2024, according to a new research report by Global Market Insights, Inc. The global UHD panel market size is poised for growth owing to the growing demand for these displays from numerous sectors such as hospitality & retail, corporate, commercial government, and sports venues. <br><br>Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/724

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UHD 4K Panel Market size likely to exceed revenue of USD 44.4 billion by 2024

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  1. (Ultra High Definition) UHD/4K Panel Market size worth USD 44.4 billion by 2024, to grow at over 11% by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Ultra High Definition 4K Panel Market: • LED/OLED segment is forecast to account for over 45% of the overall industry shipments by 2024 and is estimated to grow at a CAGR of 8.8% from 2016 to 2024. The growth in this segment can be attributed to the increasing integration of these devices into mobile phones as well as tablets. • LCD segment was valued at over USD 9.5 billion in 2015. Optimized energy consumption owing to the light modulating properties of liquid crystals is expected to catapult UHD panel market size from 2016 to 2024. • Television application segment is estimated to grow at over 8.5% CAGR in terms of volume from 2016 to 2024. The growth in the segment can be dedicated to the rising use of these products in television systems. Furthermore, the growing demand for superior picture quality to enhance the customer viewing experience is expected to catapult 4K panel market size through 2024.

  3. Continued... • The digital display screen application segment in anticipated to grow at 11.7% CAGR from 2016 to 2024. The widespread implementation of digital applications in sports events, cinema complexes, and music concerts is expected to drive revenue over the forecast timeframe. • Asia Pacific 4K market share is projected to grow faster than the global average in the coming years. The growth in the region can be credited to the existence of a large number of OEM manufacturers across the region. Rising customer awareness accompanied by the swift acceptance of advanced technology will prove beneficial for the North American industry.

  4. Continued... • Major industry players include LG, Samsung Electronics, Panasonic, Sony Electronics, and Toshiba. Other participants are Qingdao Haier Group, Sharp, Koninklijke Philips, Innolux, BOE Technology Group, AU Optronics, and Hisense Group. Companies are anticipated to focus on enhancing product portfolio and innovation initiatives in order to gain traction.

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

  6. Browse Full Market Research Report on Ultra High Definition 4K Panel Market@ http://goo.gl/RCJ1co Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/724

  7. 360° Analysis • Application Analysis • Televisions dominated the industry, with more than 55% of the revenue generated in 2015; the segment is projected to grow at over 11% CAGR from 2016 to 2024. This may be attributed to increasing product use in television systems owing to rising demand for better picture quality in order to enhance customer viewing experience. Digital display screens were valued at over USD 4 billion in 2015. • Regional Analysis • The North American industry is anticipated to be valued at over USD 19 billion by 2024 due to attractive U.S. 4K panel market share. The region is marked by early technology adoption and considerable consumer base. Asia Pacific UHD panel market share accounted for over 20% of the industry 2015 and it is predicted to grow at 11.6% CAGR from 2016 to 2024. Presence of large number of OEM manufacturers across the region is likely to catapult industry growth over the next eight years. • Competitive Market Share • Major industry participants in the UHD panel market share include Samsung Electronics, LG, Toshiba, Panasonic and Sony Electronics. Other prominent players are Sharp, Innolux, Haier, Philips, Hisense Group, BOE Technology Group, and AU Optronics.

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