Advancements in optoelectronics and nanotechnology have changed the display technology in last few years. Due the environmental issues there is high demand for the green products and energy efficient products. With consuming less energy providing other qualities such as high resolution, better display quality and improved backlight are provided by next generation display technologies. 4K technology which refers to 4,000 pixels in horizontal resolution in various digital formats used mainly in shooting motion pictures and scanning 35 mm film into digital. Products using 4K technology are used in various applications such as retail & advertisement, entertainment, consumer electronics, business & education, aerospace & defense and so on. In the next generation display market, digital cameras and smart TVs are showing significant growth rate over the other products.
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The 4K technology product portfolio includes smartphones & tablets, monitors, digital cameras, projectors, smart TVs and camcorders among others. As in the market of TVs the demand for large screen is increasing, the smart TVs market is expected to witness high growth rate in the coming three to four years.
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Minimum use of resources, tough, slim and flexible displays, changing trend in display market, wider viewing angles and high resolution are some of the driving forces for this market. While high cost of ingredients used and applications developed using this display are some restraining factors for this market. Reduction of price by mass production and low cost fabrication are some opportunities for the players in this market. The cinematographers are also increasing the use of high resolution images, thus this trend can drive the 4K market in coming few years. But high storage requirements and high bandwidth for streaming such high resolution videos and pictures are the requirements of the 4K technology, thus this requirements are challenges faced by such next generation technology
Next generation display market is segmented on the basis of application, ingredients, components, resolution and region. On the basis of applications Next Generation Display market is segmented into mobile phones market, consumer electronics, industrial applications, movie/entertainment, TV/monitors, automotive, advertising and e-reader market. On the basis of component technology the market is segmented into OLED display applications, electroluminescent display technology, electro wetting display technology, field emission display applications, electrophoretic display technology and LED display technology applications. On the basis of ingredients used Next Generation Display market is segmented into Carbon NanoTubes (CNT), quantum dots and other nanomaterials. On the basis of resolution the 4K display market is segmented into following standard resolutions as 3840x2160, 4096x2160, 3996x2160, 5120x3200, and 5120x2160. And on the basis of geography the Next Generation Display mobile data monitoring market is segmented into North America, Europe, APAC and rest of the world (RoW).
Aja Video Systems, Canon Inc., Au Optronics Corp., Planar Systems Inc., Add-Vision Inc., Ritdisplay Corporation, Toshiba Mobile Display Co. Ltd., Samsung Sdi, Plastic Logic Inc., LG Display, Mechdyne Systems Inc., Proscreen Inc., Nemoptic, Fogscreen Inc., Sony Corp., Seiko Epson Corp., Dupont, GELumination LLC, TdVision Systems Inc., Optotek Ltd., Apple Inc., Irex Technologies Bv and Pioneer among others are some of the key players in Next Generation Display market.