Starting this year, 4K displays will emerge in all major display applications, including desktop monitors, notebook PCs, OLED TVs, digital signage, smartphones and tablet PCs, according to a new report from IHS.
The report shows that strong promotion of 4K display resolutions from TV makers, display manufacturers and distribution channels has successfully increased consumer awareness and boosted 4K LCD TV penetration in 2014.
IHS finds that the market reached $9.2 billion last year, with 4K LCD TV contributing $8.8 billion to overall revenue.
However, in 2015, 4K displays are coming to all major applications and will boost 4K revenue 94% year-on-year, reaching $18 billion in 2015.
With the evolution of new display process technologies to enhance the 4K display yield rate and lower costs, IHS forecasts the 4K display market to reach $52 billion in 2020.
“TV brands have recognized that 4K is a great way to enhance value, so they have strongly promoted 4K models,”said David Hsieh, senior director of display research for IHS. “4K content and broadcasting availability is also on the rise, which is helping more TV buyers recognize the value of this feature.”
Hsieh added that LCD TV panel makers have continuously improved 4K panel yield, which has reduced costs and facilitated even more consumer adoption.”
In 2015, LCD panel makers are targeting 40 million 4K LCD TV panel shipments, which represent 17% of all LCD TV panel shipments.