Market Size –
The high dynamic range market size has grown exponentially in recent years. It will grow from $22.38 billion in 2023 to $27.84 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to content creation demands, growing demand for high-quality video content, increasing adoption of high dynamic range (hdr) in the film and television industry, growing popularity of streaming services, consumer electronics evolution.
The high dynamic range market size is expected to see exponential growth in the next few years. It will grow to $63.22 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to 5g network expansion, automotive display enhancement, rise of ott platforms, growing adoption of hdr in gaming and virtual reality, increasing adoption of hdr in medical imaging. Major trends in the forecast period include dynamic metadata usage, ai-driven hdr enhancement, cross-platform compatibility, focus on sustainability and energy efficiency in hdr displays, advancements in hdr technology.
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Scope Of High Dynamic Range Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growing demand for large screen displays with greater resolution is expected to propel the growth of the High Dynamic Range market over the coming years. Large screen displays and greater resolution are defined as the Higher pixels creating a high-quality, crisp image and video. Large screen displays and greater resolution are used in High Dynamic Range to provide improved quality with high definition of videos. For instance, in May 2022, according to Comscore, a US-based cross-platform measurement company, the global viewing hours and total viewing households of smart TVs remain the fastest-growing types of connected TV devices with a total of 59% of connected TV households having smart TVs in February 2022, up 4% from February 2021 and 9% from February 2020. Therefore, the growing demand for large screen displays with greater resolution drives the high dynamic range market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The high dynamic range market covered in this report is segmented –
1) By Type: HDR10, HDR10+, Hybrid Log-Gamma, Dolby Vision, 4K
2) By Product Type: Capturing Devices, Display Devices
3) By Application: Consumer, Entertainment, Security And Surveillance
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Regional Insights –
Asia-Pacific was the largest region in the high dynamic range market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high dynamic range market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the high dynamic range market report are Amcrest Technologies, Canon Inc., Casio Co. Pvt. Ltd., FUJIFILM Corporation, LG Corporation, Nest Labs, Nikon Inc., Omnivision Technologies Pvt. Ltd., Panasonic Corporation, PYXALIS, Robert Bosch Gmbh, Samsung Electronics Co. Ltd, Sony Corporation, Zosi Technology Co. Ltd., Seiko Epson Corporation, GoPro Inc., Victor Hasselblad AB, Toshiba Corporation, The Eastman Kodak Company, Leica Camera AG, Koninklijke Philips N. V., Hisense India Private Limited, Vizio Inc., Sichuan Changhong Electric Co. Ltd., Tekvision Softtech & Accessibility Solutions LLP, Xiaomi Corporation, Apple Inc., Olympus Corporation, Photonfocus AG, Dolby Laboratories Inc., Sharp Corporation, TCL Technology, Hitachi Ltd., Skyworth Group Co. Ltd.
Table of Contents
1. Executive Summary
2. High Dynamic Range Market Report Structure
3. High Dynamic Range Market Trends And Strategies
4. High Dynamic Range Market – Macro Economic Scenario
5. High Dynamic Range Market Size And Growth
…..
27. High Dynamic Range Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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