Global High Dynamic Range Market Forecast 2024-2033: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The High Dynamic Range (HDR) market has experienced exponential growth in recent years, driven by content creation demands, the popularity of streaming services, and advancements in consumer electronics. From $22.38 billion in 2023, the market is set to reach $27.84 billion in 2024, showcasing a remarkable compound annual growth rate (CAGR) of 24.4%. Looking ahead, the forecast predicts even more substantial growth, with expectations to hit $63.22 billion by 2028, at a CAGR of 22.8%. Let’s delve into the factors and trends shaping this dynamic market.
Elevated Demand For High-Resolution Large Screen Displays
- The surge in demand for large screen displays with higher resolution fuels HDR market growth
- Large screen displays with greater resolution provide crisp, high-quality images and videos
- Global viewing hours and total viewing households of smart TVs witness significant growth, indicating a preference for high-resolution displays
- Leading companies in the HDR market include Sony Corporation, Samsung Electronics Co. Ltd, LG Corporation, and Canon Inc.
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Technological Advancements Driving Innovation
- Major companies focus on developing technologically advanced solutions to enhance HDR capabilities
- Technological advancements encompass improvements in image and video processing techniques, display technologies, and camera sensors
- Sony Group Corporation launches the SONY PRO BRAVIA FW – 98BZ50L, featuring a massive 98-inch 4K HDR display with 780 nits of brightness
- The TV offers stunning picture quality, vivid detail, and lifelike visuals, setting new standards in HDR viewing experience
AUO And MSI Collaboration Unveils Am LED Display Technology
- AUO partners with MSI to introduce Am LED display technology for premium image quality
- The collaboration aims to deliver ultra-high brightness and vibrant colors in HDR displays
- MSI, a multinational technology company based in Taiwan, specializes in providing HDR solutions for electronics and laptop manufacturers
Market Segmentation and Trends
The HDR market is segmented based on:
- Type: HDR10, HDR10+, Hybrid Log-Gamma, Dolby Vision, 4K
- Product Type: Capturing Devices, Display Devices
- Application: Consumer, Entertainment, Security And Surveillance
- Asia-Pacific emerges as the largest region in the HDR market share in 2023
- Asia-Pacific is expected to be the fastest-growing region in the forecast period
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The High Dynamic Range Global Market Report 2024 provides comprehensive insights on the high dynamic range market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the high dynamic range market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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