How Has The High Dynamic RangeMarket Size Evolved In Recent Years?
The high dynamic range market has seen considerable growth due to a variety of factors.
• The market for high dynamic range has seen explosive growth of late. It is projected to expand from $27.29 billion in 2024 to $33.64 billion in 2025, with a compound annual growth rate (CAGR) of 23.2%.
The increase during the historical period is the result of the mounting demand for content creation, the rising need for superior video content, the increased introduction of high dynamic range (HDR) in the film and TV industry, the increasing popularity of on-demand streaming services, and developments in consumer electronics.
What Is The Projected Growth Of The High Dynamic Range Market?
The high dynamic range market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations suggest a significant surge in the high dynamic range market size over the coming years. It is predicted to reach a valuation of $77.97 billion in 2029, reflecting a compound annual growth rate (CAGR) of 23.4%.
This escalating trend throughout the forecast period is primarily triggered by the expansion of the 5g network, advancements in automotive displays, the emergence of Ott platforms, increased implementation of HDR in gaming and virtual reality zones, and the growing uptake of HDR in the realm of medical imaging. Forecast period trends are expected to circle around the use of dynamic metadata, Artificial Intelligence-fueled HDR enhancements, cross-platform suitability, an emphasis on sustainability and energy conservation in HDR displays and groundbreaking developments in HDR technology.
What Are The Primary Growth Drivers In The High Dynamic Range Market?
The rising need for large display screens coupled with enhanced resolution is projected to spur growth in the High Dynamic Range market in the upcoming years. The term large screen displays and enhanced resolution is characterized by a high number of pixels that yield a high-quality and sharp image and video. These features are utilized in the High Dynamic Range to deliver superior quality and high definition videos. For instance, Comscore, an American cross-platform measurement firm, reported in May 2022 that the global viewing hours and overall viewing households of smart TVs are the most rapidly expanding categories of connected TV devices, with around 59% of connected TV households possessing smart TVs as of February 2022. This represents a rise of 4% from February 2021 and 9% from February 2020. Therefore, the burgeoning demand for large display screens with enhanced resolution is fueling the growth of the high dynamic range market.
What Is The Segmentation Of The Global High Dynamic Range Market?
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
Subsegments:
1) By HDR10: Standard HDR10, HDR10-Compatible Devices
2) By HDR10+: Dynamic Metadata HDR10+, Supported Devices And Content
3) By Hybrid Log-Gamma (HLG): Broadcast Applications, Live TV support
4) By Dolby Vision: Dolby Vision Compatible Content, Supported Devices
5) By 4K: 4K HDR Content, 4K HDR Displays
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What Emerging Trends Are Shaping The High Dynamic Range Market Landscape?
3D rendering, partnered with HDR technology, is becoming a significant influencer in the HDR market. This 3D rendering capability opens up new potential for the use of HDR across various applications. The process of 3D rendering involves converting a 3D model into a 2D image for display on a screen. For instance, the company Redmi recently launched a 4K HDR and Dolby Vision Set TV. In addition, their upcoming Smart TV X43 is set to have an included 4K display. Furthermore, their panel is planned to support 4K HDR and Dolby Vision content, a characteristic often not found on other 43-inch smart TVs.
Who Are the Key Players in the High Dynamic Range Market?
Major companies operating in the high dynamic range market include:
• Amcrest Technologies
• Canon Inc.
• FUJIFILM Corporation
• LG Corporation
• Nikon Inc.
• Omnivision Technologies Pvt. Ltd.
• Panasonic Corporation
• PYXALIS
• Samsung Electronics Co. Ltd
• Sony Corporation
• Zosi Technology Co. Ltd.
• Seiko Epson Corporation
• GoPro Inc.
• Victor Hasselblad AB
• Toshiba Corporation
• Leica Camera AG
• Koninklijke Philips N. V.
• Hisense India Private Limited
• Vizio Inc.
• Sichuan Changhong Electric Co. Ltd.
• Xiaomi Corporation
• Apple Inc.
• Olympus Corporation
• Photonfocus AG
• Dolby Laboratories Inc.
• Sharp Corporation
• TCL Technology
• Skyworth Group Co. Ltd.
What are the Regional Insights into the High Dynamic Range Market?
Asia-Pacific was the largest region in the high dynamic range market share in 2024.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
