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4K Technology Market by Product - Global Analysis and Forecast to 2020
4K technology market forecast to surpass US$100Bn by 2020
Companies & Markets
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10.08.2015 00:03:01 - 4K Technology Market by Product - Global Analysis and Forecast to 2020 - a new market research report on companiesandmarkets.com
(live-PR.com) - The total 4K technology market was valued at $18.1 Billion in 2014 and $102.1 Billion by 2020 with a CAGR of 21.8% between 2015 and 2020.
The term 4K is derived from the format of 4096 x 2160 pixels, and refers to approximately 4,000 pixels across the screen. Consumer electronics manufacturers use a slightly lower resolution than the true 4K in
their new and upcoming models of televisions and monitors. The major advantage of 4K technology is sharper picture quality with vibrant colors. The 4K technology market in the report has been categorized based on products: TV, monitor, digital signage, set-top box, smartphone, tablet, laptop, projector, camera, and Blu-ray player. 4K TVs held the largest share of approximately 49% of the overall 4K technology market, in 2014 and 4K tablets are expected to grow at the highest CAGR among all products.
4K resolution is the new standard for picture quality, and the future of high-end video displays. 4K provides more detailed and less pixelated images than 1080p. 4K technology can deliver enhanced quality of videos and images for large screen applications. It provides smoother edges and depth to images; in fact, when combined with faster screen refresh rates 4K has the potential to deliver almost as much depth as 3D technology. There are various types of 4K technology-enabled consumer electronic products such as TVs, monitors, digital signage, laptops, smartphones, tablets, set top boxes, projectors, cameras and Blu-ray players.
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