Global 4K Technology Market: Overview
4K technology is on the way to replace HD technology from computer monitors, TV screens, projectors, and cameras. The term 4k is derived from 4096 x 2160 pixels format and refers to video signals with approximately 4,000 pixels. New models coming into the market are with lower resolution than exact 4K resolution. 4K technology is used in the electronics devices to enhance its picture quality. The 4k image is composed of nearly 8.3 Million pixels compared to the 1080p image which of 2 Million pixels.
Global 4K Technology Market: Growth Factors
4K technology is an advanced feature that provides sharp quality pictures along with vibrant colors, which is one of the major factors driving the global 4k technology market. 4K resolution offers 8.3 Million pixels and enhances picture quality along with bright colors and advanced image details. This is anticipated to boost the global 4k technology market in near future. Increasing disposal income of people positively impacts the global market growth. Moreover, people preferences have changed to view the picture with advance quality which is expected to fuel the 4k technology market growth in future. Growing industrial revolution is also projected to foster the global market in near future.
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Global 4K Technology Market: Segmentation
The global market for 4K technology has been categorized based on products as the set-top box, TV, camera, digital signage, Blu-ray player, smartphone, monitor, projector, tablet, and laptop. Of these, TV accommodates the largest market share in the global 4k technology market and tablets segment is expected to be the fastest-growing segment.
Global 4K Technology Market: Regional Analysis
Geographically, the global 4K technology market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is the fastest growing region for 4K technology owing to rising spending power. Emerging economies such India, Japan, and China accounted for the largest market share due to growing electronics industries in this region. Changing consumer preferences is also anticipated to further propel the global 4K technology market growth in future.
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Global 4K Technology Market: Competitive Players
Major players in the global 4K technology market are AsusTek Corp., Samsung Electronics Corp., JVC Kenwood Corp., Hisense Co., Ltd., Sharp Corp., LG Electronics Corp., Hong Kong Skyworth Digital Holdings Ltd., and Innolux Corp. Other key players influencing the global 4k technology market include Canon Inc., TCL Corp., Sony Corp., Blackmagic Design Pty Ltd., and Panasonic Corp. Many companies are adopting strategies to enhance their market shares such as new product launch, mergers, and acquisitions. For example, Sony Corp. announced that it is going to launch new Bravia liquid crystal display television along with 4K technology.