4K Camera Market Trends, Growth and Forecasts to 2024

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4K Camera Market Share, Size, Analysis, Growth, Trends and
Forecasts to 2024 | Hexa Research
The global 4K camera market is expected to grow at a healthy CAGR of over 20 % during
2016 to 2024 (forecast period). The same will be credited to its multiple applications in
consumer electronics, entertainment, and education industries. Additionally, high quality
videos & images offered by these cameras can drive the overall industry. 4K cameras
provide a resolution that is four times higher than standard/HD (high definition) ones.
The industry can drive ‘4K camera’ changes along with ‘broadcasting system’ innovations.
4K technology is likely to render a mark in various ‘digital media’ segments, such as TV
screens and digital cameras. 4K advancements coupled with escalating demand for ‘high
resolution’ images should augment market demand.
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However, high prices along with large-sized zooms preferred by professional or skilled
broadcasters may hinder the industry. Manufacturers are now focusing on the
development of 2/3 inch ultra HD devices. The latter reflect the market values for outdoor
broadcast applications; such as ‘live sports production.’
Additionally, the acquisition of 4K devices is anticipated to be mandatory for new devices
in the next eight years. These novel devices play a significant role in sports; like te nnis,
cricket, football, etc. The introduction of ‘mirror-less’ ultra HD cameras will provide users
with better focusing systems and more compact size.
Bigger sensors offered by such cameras can positively impact the overall industry Also, the
flexibility of interchangeable lenses should boost market incomes.
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The worldwide industry is categorized as per applications and regions. Applications
comprise defense & aerospace, entertainment, consumer electronics, retail &
advertisement, and education & business. Various ad agencies are estimated to use 4K
camera devices to promote their products and attain greater industry traction.
4K cameras have witnessed significant consumption from the education and business
industries. Another key application of these cameras is medical. Medical applications
require ‘high-resolution’ to make right decisions concerning the patients.
The adoption of ‘high-resolution’ cameras during surgeries is the key to getting clearer
body images and ensuring effective medical procedures. Geographically, the Asia -Pacific 4K
camera market size would experience substantial growth till 2024. This may be ascribed to
rising usage of 4K devices in the region.
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Various factors in North America like increasing population, high consumer disposable
earnings, and demand for high-resolution images & videos are predicted to propel regional
sales. This will be true specifically regarding the U. S. and Canada. European nations such
as the Netherlands, Germany, Switzerland, etc. could also face higher demand. Developing
economies like India & some others are estimated to observe huge demand for 4K cameras
in the near future.
Major companies operating in the worldwide 4K camera market and related products are
Axis Communications A. B.; Canon Inc.; Panasonic Corp.; Bosch Security Systems; and
Infineon Technologies A. G.. Most of these companies vie for increased shares and better
global presence in the coming eight years. Panasonic gained a strong foothold on
commercial HD cameras with its original VariCam HD ones. The New ‘VariCams’ utilize
modular configurations, with each of them adopting similar docking electronic backs.
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Contact: +1-800-489-3075
Email : sales@hexaresearch.com
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