Ultra High Definition Panel Market Taking a Leap Owing to Organic LED (OLED)

The world of entertainment is transforming with the innovations in the display techniques. Display panels with optimized aspect ratio, color gamut, and bit depth are gaining popularity and progressing the ultra-high definition panel market. Indulgence of 4K panels, Light Emitting Diodes (LEDs), and organic light emitting diode (OLED) results in a much crisper and premium picture quality display, especially when the screen size increases. The mounting disposable income in several economies has increased the production and sales of ultra-high definition panel based display.

 

As per a business intelligence report from IndustryARC, the global UHD Panel Market size was around $15 billion to $17 billion in 2018. And as per the developments, the market is expected to flourish at a notable CAGR of 9% to 12% through the forecast period of 2019 to 2025. The above average CAGR can be justified by the fact that the gaming millennial and console set-up manufacturers are one of the most extensive users of such ultra-high definition panels. The ultra-definition panels are enabled to support high-end graphics such as motion blur and ghosting implied by the game developers. Rigorous innovations in the gaming industry are subjected to enhance the revenue of the adjacent markets involved as in this case ultra-high definition panel market.

As per the IndustryARC’s analysts, the Asia-Pacific region is the dominant territory in the global ultra-high definition panel market. The APAC region accounted for 37% to 39% of the total demand in 2018 and the future prospects are bright too. The demands of ultra-high definition panel are hyped due to the digitalized cable network accompanied by high-definition picture quality gaining popularity in developing nations. Also, the growing demands and production of HD television and other HD displays are expected to drive the ultra-high definition panels market in the region. 

In terms of application, consumer electronics is the most lucrative segment for the ultra-high definition panel market, increasing at an exuberant CAGR of 10% to 14% during the aforementioned forecast period. The rapid development of electronics industry and increasing disposable income is accountable for the growing consumer electronics demands in both the developing and developed nations. Installing ultra-high definition in residential complexes provides liquid crystal display to its viewers with optimized aesthetics of the place.   

Some of the key companies identified in the report that are currently holding majority shares in the global ultra-high definition (UHD) TV market are Samsung Display, LG Display Co. Ltd., Innolux Corporation, AU Optronics Corporation, Sharp Corporation, Haier Group, Panasonic Corporation, BOE Technology Group Co., Ltd., Koninklijke Philips N.V., Sony Electronics, Inc., Hisense Group Co., Ltd., Changhong Electric Co., Ltd. and Toshiba Corporation.

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