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UHD display market worth $132bn by 2022
March 04th, 2018
BCC Research is forecasting a huge growth in the take-up by consumers of Ultra HD displays, stemming from the technology’s growing adoption, rising disposable incomes, technological advancements, expanding 4K content and increasing TV unit sales.
BCC estimates the global market to grow from $52.3 billion (€42.5bn) in 2017 to almost $132.9 billion by 2022, indicating a compound annual growth rate (CAGR) of 20.5%. The Asia-Pacific region, which dominated the regional markets for 4K in 2016 with revenues of $18.4 billion, is estimated to retain top spot through 2022 with revenues of $51.6 billion.
With the growth in disposable income, the capacity of end users to buy a product will increase. Sales of high-end electronic products have shown a consistently high growth rate. The developed economies have high per capita income showing steady growth. Developing economies, which have less per capita income, are experiencing fast growth as well. These economies are estimated to be the major markets for 4K UHD in Asia-Pacific during the forecast period.
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