Ultra High Definition (UHD) Panel Market Report

Market Insights

What is Ultra-High Definition (UHD) Panel?

Ultra-high-definition panel is known as the advancement to the full HD. It includes high resolution than full HD panels. Based on display technologies, it can be categorized as liquid crystal display (LCD), light-emitting diode (LED), and organic light-emitting diode (OLED).

The Ultra-High Definition (UHD) Panel Market estimated to grow from USD 26.3 billion in 2020 to USD 42.8 billion by 2026 at a healthy CAGR of 8.6% during the forecast period.

Figure: Ultra-High Definition (UHD) Panel Market Size, 2020-2026 (USD Billion)

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Market Drivers

The global growth of ultra-high definition (UHD) panel market size is primarily driven by widespread product usage in consumer electronics such as smartphones and television. Growing demand for miniaturized electronics is likely to propel market growth at a significant rate during the review period. In addition to this, increasing demand for OLED-based display screens is likely to create lucrative opportunities for the players operating in the global market during the review period.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of ultra-high definition (UHD) panel declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. However, the product demand increased significantly post reopening of the economies.

Segments' Analysis

Application Trends

Based on application, the ultra-high definition (UHD) panel market has been divided into home use, industrial, and digital signage.  The home-use application accounted for the largest market share in 2020. The segment growth can be attributed to the increasing usage of smartphones and televisions across households.

Regional Trends

By region, the North America Ultra-High Definition (UHD) Panel market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the widespread product adoption rate in consumer electronics in the region, particularly in the US. The market growth in the Asia-Pacific region is expected to grow at the highest CAGR during the review on account of increasing penetration of portable consumer electronics particularly in India and China countries.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Ultra-High Definition (UHD) Panel market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the Ultra-High Definition (UHD) Panel market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Ultra-High Definition (UHD) Panel market?
• What are the key strategies adopted by the major vendors to lead in the Ultra-High Definition (UHD) Panel market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the Ultra-High Definition (UHD) Panel Market are-

• Samsung Display Co., Ltd. (South Korea)
• LG Display (South Korea)
• Innolux Corporation (Taiwan)
• AU Optronics (Taiwan)
• Sharp Corporation (Japan)
• Haier Group Corporation (China)
• Panasonic Corporation (Japan)
• BOE Technology Group Co., Ltd. (China)
• Koninklijke Philips N.V. (Netherlands)
• Sony Electronics (US)
• Hisense Group (China)
• Sichuan Changhong Electric Co., Ltd. (China)
• Toshiba Corporation (Japan)

Target Audience

The target audience of Ultra-High Definition (UHD) Panel Market includes-

• Ultra-High Definition (UHD) Panel Vendors
• Ultra-High Definition (UHD) Panel Manufacturers
• Ultra-High Definition (UHD) Panel Distributors
• Organizations
• Government Bodies

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