As per the India Brand Equity Foundation, the total number of DTH subscribers in India reached the 76 million mark in 2016, up from 59 million in the preceding year. The progress was mainly driven by increase in high definition (HD) channels and premium channels. HD adoption is driving the average revenue per user per month for the DTH players, with the HD subscribers providing an astonishing up to 100% more revenue than the non HD subscribers[1]. These facts surely indicates the blooming market for consumer electronics products embedded with HD displays compatible for HD content. Owing to the demand for display panels with optimized aspect ratio, color gamut, and bit depth, ultra high definition panel or 4K panels are being highly adopted. Its market size is calculated to be around $15 billion - $17 billion as of 2018.
UHD Panel Market Outlook:
Apart from television sets, UHD panel market has found majority of employing sectors via its application in smartphones, personal computers, high-end gaming sets, intricate film editing devices, and digital signage installed for advertisement to promote products and brands. With all of the mentioned industries blooming in this digital-era, ultra high definition panel market is progressing at a CAGR of 9% - 12% during the forecast period 2019-2025.
After an acute analysis of regional potential, APAC is reckoned to be dominating the arcade with 37%-39% of global UHD market demand lodging under its terrain. The affluence of this region in UHD panel market can be attributed to the Indian and Chinese economy accommodating nearly 35% of the global population dwelling towards total digitalization aided by governmental projects such as ‘Digital India’. India being one of the largest broadcasting industries in the world with approximately 892 private satellite television channels and its film industry securing a third spot after the U.S and China, very well supports the generation of digital content hence the sale of entertainment-centric devices such as television sets, projectors, and smartphones. For instance, IBEF states that in 2016, in India, there were 780 million TV viewing individuals. Majority of the existing viewers are potential customers for the HD stride, hence providing immense opportunities in the market.
With the advent of Reliance Jio Infocomm Limited in 2016, the Indian telecommunication industry has revolutionized, with monthly data subscription getting as affordable as $3. Such abundant and cheap data transformed the state digitally with influx of consumer electronics giants and their operations in Indian sector to capitalize on this revolution. Xiomi, one of the top 5 smartphones brand globally, capitalized on this and entered the Indian terrain in 2014 and by 2018 it secured a dominant position in the Indian smartphone market. Xiomi claims that since its inception in the Indian marketplace in 2014, it has sold 25 million smart phones with 22,000 units per day. Thus with such developments and sales of smartphones and electronics devices all across the globe, robust demand for smartphone's UHD panel is propelling the Indian UHD panel market.
Ultra High Definition Panel Market Trends:
Increasing demand for on-demand content streaming medium such as Netflix and Amazon Prime, running on smart connected devices such as smartTV requires high-end display panels. Advent of organic light emitting diode (OLED) based display in computer monitors, televisions, and portable devices is one of the highly trending segments of the ultra-high definition panel display market.
The global commercial complexes are diverting towards digital signage from hoarding based advertising. Digital signage display techniques are increasing due to the poised growth in the retail space across the globe, consequently, the digital signage market is projected to drive growth in the ultra-high definition panel market.
UHD Panel Market
Ultra High Definition Panel Market Players Perspective:
Players Capitalizing on Millennial Video Game Players:
Some of the key players mentioned profiled in this research report 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.
Recently, the UHD panel market has been accelerating up with augmenting demand for experiencing gaming on ultra-high definition monitors and curved monitors to improve a distinguishing sense of greater interaction with the content on screen. This desire for more direct game involvement has boosted sales of curved monitors and the accompanying UHD panel market tremendously. Due to the robust growth in the curved monitor market augmented by innovative developing trends in the gaming market, Samsung sold 7 million curved monitor panels in 2018 and is aiming to boost sales to 10 million by 2019[2]. Microsoft surpassed $10billion in revenue from their gaming segment for the first time in 2018, with 57 million monthly active users for the Xbox Live.
Ultra High Definition Panel Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Ultra High Definition Panel Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various panels in Ultra High Definition (UHD) Panel Market, and their specific uses.
Ultra High Definition Panel Market Report: Industry Coverage
By Product: Television Sets, Projectors, Personal Computers, Smart-Phones
By Technology: LCD, LED, OLED
By Application: Home use, Industrial, Digital signage
The Ultra High Definition (UHD) Panel Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Questions Addressed in the Ultra High Definition Panel Market Report
1. Is the market for the UHD panels growing? How long will it continue to grow and at what rate?
2. Which type of systems presents the major growth opportunities?
3. Is there a possibility for change in the market structure over time?
4. Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
5. Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
6. What are the short-term, long-term, and medium-term growth drivers for the market?
7. What are the short-term, medium-term, and long-term challenges for the market?
8. What are the short-term, medium-term, and long-term opportunities for the market
9. Who are the top players/companies of the market?
10. What are the recent innovations in the market?
11. How many patents have been filed by the leading players?
12. What are the types of patents filed by the leading players?
13. What is our Vision 2030 for UHD Market?
A few focus points of this Research are given below:
Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
Provide an overview of the product portfolio, including product planning, development, and positioning
Discuss the role of technology companies in partnerships
Explore the regional sales activities
Analyze the market size and giving the forecast for current and future UHD panels during the forecast 2018–2023
Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures
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