Ultra HD is a new standard in picture quality, and it is the future of high-end video displays. 4K resolution provides 8.3 million pixels and enhances the picture quality along with incredibly intense colors and image details. The 4K technology market is expected to witness prominent growth and is expected to scale up to $102.1 billion by 2020, at a CAGR of 21.8% between 2015 and 2020. With about 49% share in the overall 4K technology market in 2014, the 4K TVs market is expected to be a major contributor to the overall 4K market; the segment was valued at $8.83 billion in 2014, at a CAGR of 13.0% between 2015 and 2020.

                                               4K Technology Market

The 4K technology market is highly diversified with a large number of companies. However, the dominance of APAC in the 4K technology market can be clearly observed by the list of major players in the region such as Samsung Electronics (Japan), Panasonic Corp. (Japan), LG Electronics Inc. (South Korea), Sharp Corp. (Japan), TCL Corp. (China), Hong Kong Skyworth Digital Holdings Co., Ltd. (China), and Hisense Co. Ltd. (China) among others.

Samsung Electronics Co., Ltd. held the leading position in the 4K technology market in 2014. The company’s 4K product portfolio comprises TVs, monitors, Blu-ray players, and digital cameras. The company recently launched an extensive lineup of SUHD TVs with features such as re-mastering engine, curved design, and smart TV functions. The company believes in bringing updated technology to the market to increase customer satisfaction.

Hisense Co., Ltd. and Hong Kong Skyworth Digital Holdings Co., Ltd. are also among top players in this market. Hisense Co., Ltd. is a China-based company and primarily engaged in manufacturing low cost 4K TVs. The company focuses on the global differentiation strategy to stay competitive in this market. Another Chinese company, Hong Kong Skyworth Digital Holdings Co., Ltd manufactures 4K TVs named G9200, E710, E790 and E79. This is a global company; however, a majority of its revenue comes from the domestic market.

The key players included in the 4K technology market report are Canon Inc. (Japan), Blackmagic Design Pty Ltd. (Australia), Innolux Corp. (Taiwan), LG Electronics Corp. (South Korea), Panasonic Corp. (Japan), Samsung Electronics Corp. (South Korea), Sharp Corp. (Japan), Sony Corp. (Japan), JVC Kenwood Corp. (Japan), AsusTek Corp. (Taiwan), Hong Kong Skyworth Digital Holdings Ltd. (China), TCL Corp. (China), and Hisense Co., Ltd. (China)