Overview

The global 4K technology market is scaling-up rapidly. The market is driven by the rising adoption of 4K home theatre projectors, 4K video cameras, and 4K monitors for industrial and other applications. Besides, the growing uptake of 4K displays in entertainment systems, automotive monitors, portable navigation devices, medical diagnostic equipment, and flexible display products drives the market growth.

Moreover, rising display technologies such as UHD 4K monitors escalate sales in the market. Leading research firm Market Research Future (MRFR) asserts that the global 4K technology market size is poised to garner a valuation of approximately USD 150,202 MN by 2023, growing at 21.29% CAGR throughout the projected period (2017 to 2023). The spurting growth in consumer electronics, media & entertainment, and sports industry boots the market demand hugely.

Additionally, the growing demand for high-quality displays in smartphones and other electronic devices accelerate market sales. Rapid urbanization and the improving economy worldwide influence market growth, improving consumer purchasing power. Moreover, the growing numbers of product launch with high-resolution increase the size of the market, spurring the sales. Substantial R&D investments by manufacturers to bring more innovations act as a key growth propeller for the market.

On the other hand, 4K technology has few disadvantages, such as limitations of content recording and the requirement of minimum 25Mbps bandwidth to transfer videos. These limitations, alongside the high costs of 4K displays, are keys factors projected to impede the market growth. Nevertheless, future technological upgrades would support market growth, improving technology further, and presenting cost-effective solutions.

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Competitive Landscape

The global 4K Technology Market research report brings a comprehensive study of type and products market segments, regional analysis, and display tech vertical based company details of key players. As the forecast period 2016 to 2023 will bring new opportunities for the market owing to the increasing spending power of consumers and the increasing preference of consumers, the 4K Technology Market is set to grow at a compound annual growth rate of 21.29% and is predicted to reach a value of US$150,202 million by 2023. With SWOT analysis of display tech sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of demand from certain regional markets and the shifting preference for cheaper alternatives, companies in the display tech sector can change the way business is done.

Market Segmentation

The display tech sector has seen growth across type and products segments owing to favorable government policies and advancements in technology. To study the market, analysts have further segmented type and products into digital content and physical products on the basis of type. The 4K Technology Market is further segmented into products sub segment which is split into Blu-ray players, cameras, digital signage tablets, laptops, projectors, and set-top box.

The segmental analysis presented in the report provides display tech field based organizations insights into key growth factors such as the rising industrialization as well as challenges such as high initial investments the market will face from 2016 to 2023. The rise in distribution channels and technological advancements are some of the key factors having an influence on display tech industry based companies, suggest analysts as per the 4K technology report. But the report also identifies the lack of demand from developing countries and the lack of developed infrastructure as major threats companies in display tech will face till 2023.

Regional Overview

Display tech market based companies in the 4K technology are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing disposable income will be a key growth driver for regional markets. However, the lack of investments in research and will turn out to be a threat. For the forecast period 2016 to 2023 each of these regional markets are studied in the report. Starting from North America, the regional market and display tech vertical based companies are spread across the United States, Canada, and Mexico. The lack of investments from major companies will turn out to be a major challenge from 2016 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The 4K Technology Market in the region will be benefitted by high demand across industry verticals as well as the presence of effective communication, suggests the report. Similarly, the display tech sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the 4K technology covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2023.

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Industry News

The Mediapro Group is growing its fleet with the addition of two 4K OB vans and the acquisition of 57 new UHD-4K cameras for broadcasting international events on television. Mediapro actually has one 4K bus, 42 HD vans, and six SD units, and two more OB vans for ultra-high definition broadcasting coming soon. In addition, the Mediapro Argentina division will purchase an 8-camera 4K broadcast van, marking a watershed moment in Argentina's broadcasting history. With the latest 4K broadcast vans, Mediapro solidifies its status as a technology leader by offering broadcast output that is four times higher than HD.

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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