4K VR Displays Market Size & Share, by Display Resolution (Single Display Resolution, Dual Display Resolution, Triple Display Resolution); Application (Smartphone, Smartwatch, Smart TV) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5607
  • Published Date: Feb 06, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

4K VR Displays Market size is poised to cross USD 19 billion by the end of 2036, expanding around 34% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of 4K VR displays was about USD 10 Billion. The major element to dominate this market expansion is the growing demand for video games. There were roughly 3 billion gamers in the world in the year 2023. Furthermore, globally, this number is projected to be 4 billion players in the year 2024. Hence, the demand for VR displays is also set to rise. Furthermore, a significantly higher resolution than what is currently available on upcoming head-mounted displays is required for the displays to provide a completely immersive virtual reality experience. Hence, gameplay in 4K resolution enables greater clarity. Both the feeling of control and immersion may increase as a result.

Additionally, it is anticipated that 4K VR devices are going to grow more affordable and available to a wider variety of users as technology progresses and manufacturing increases. The broad adoption of VR technology across a range of applications and sectors will probably be fueled by this cost decrease.


1
Get more information on this report: Request Free Sample PDF


4K VR Displays Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~34%

Base Year Market Size (2023)

~ USD 10 Billion

Forecast Year Market Size (2036)

~ USD 19 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

4K VR Displays Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Surge in Prevalence of Remote Working - At the moment, over 11% of full-time workers work remotely, demonstrating how rapidly remote work environments are becoming commonplace. Concurrently, a remarkable about 27% of workers have adjusted to a mixed work style. The prevalence of remote working grew after covid19. Hence, a current potential for VR emerged with the advent of remote labour, particularly during the COVID-19 pandemic. The swift integration of remote work arrangements has revealed certain obstacles, such as reduced cooperation, experiences of isolation, and the lack of a common physical area. Therefore, VR is an interesting alternative due to its capacity to create a shared, immersive, and interactive world. Virtual reality (VR) has the potential to completely change remote work by fostering more creativity and cooperation. Teams may discuss their early-stage ideas and visualise their projects before they are completed with its assistance. Furthermore, with the demand for 4K resolutions the deployment of this particular resolution growing further boosting growth for 4K VR displays market.
  • Growing Popularity of Micro LED - Micro-LED displays provide high-resolution light management and an excellent contrast ratio at a substantial energy savings over standard LCD panels. It is more robust than OLEDs due to its inorganic makeup, which enables devices to exhibit brighter images with a lower chance of screen fire. The growing need for this display technology has been driven by its superior eye comfort compared to other display technologies. Surface lighting, that allows for the flat scattering of light beams, is used to achieve this. Hence, the micro-LED popularity is growing due to consumer desire for more expensive, high-tech audio and visual devices as well as energy-efficient displays. Further, with the adoption of 4k VR display in micro LED its performance is projected to enhance further driving the 4K VR displays market growth.
  • Rise in Adoption of 4K VR Displays by Military   - Precision and reliability are crucial in mission-critical settings, where everything from radar image analysis to landscape tracking depends on accurate and reliable information. This is where 4K VR Display comes into play; this innovative technology offers the best respond to for intricate ecosystems, reducing errors and increasing operational efficiency.

Challenges

  • High Price of 4K VR Displays
  • Rising Adoption of Alternatives - Interactive projection technology was created for screenless displays in order to address issues with small electronic devices. Due to the small size of devices including HMDs, HUDs, and AR and VR projectors, screen-based displays lack room, which presents a chance for the creation of screenless displays. Traditional AR and VR displays are soon to be threatened by the rapidly advancing virtual retinal display and holographic display technologies. Although projection technology has been around for a while, its application has grown within the past ten years. Projection technology is used in planetariums, full domes, and many other applications. The growing popularity of interactive projectors across many industries and their affordability when compared to AR and VR devices are some of the factors driving the rise of projectors, which is impeding the growth of the AR and 4K VR displays market.
  • Lack of Efficiency 


4K VR Displays Segmentation

Application (Smartphone, Smartwatch, Smart TV)

The smart TV segment in the 4K VR displays market is projected to capture the highest share of about 50% in the coming years. The major factor to drives the segment growth is the rising popularity of TV. For instance, in 2021, there were over 1 billion households having TV and this figure is set to cross over 2 billion by 2026. Therefore, the demand for VR is also estimated to rise. Virtual reality TV is a type of technology that is currently being developed to try and combine the interactive features of the Internet with the television viewing experience. Through the application and testing of multiple technologies, these two notions are being merged in several different ways. Furthermore, four times as many pixels are found in 4K TVs as in Full HD TVs. Given the higher pixel density, 4K TV picture quality is ultimately more vibrant and detailed, even on TV displays that are the same size. Hence, the focus on combining VR and 4K is growing for smart TV which is further expected to boost the market growth.

Display Resolution (Single Display Resolution, Dual Display Resolution, Triple Display Resolution)

The triple display resolution segment is predicted to hold 50% share of the global 4K VR displays market by 2036. Among the three product varieties, the triple display resolution display offers the highest resolution experience by utilizing three monitors in the VR system. More accurate and detailed images are made possible by the high resolution, and a more profound feeling of presence and immersion in the content is made possible by the virtual reality element. The growing acceptance and market share of triple 4K VR display resolution is additionally due to the fact that technological improvements have made them more accessible and inexpensive. 

Our in-depth analysis of the global 4K VR displays market includes the following segments:

     Display Resolution

  • Single Display Resolution
  • Dual Display Resolution
  • Triple Display Resolution

     Application

  • Smartphone
  • Smartwatch
  • Smart TV

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

4K VR Displays Industry - Regional Synopsis

North American Market Forecasts

The North America 4K VR displays market is set to gather the highest share of over 30% over the forecast period. The growth of the market is set to be influenced by growing video streamers. More than 39% of American users reported watching internet videos daily as of October 2022, with over 52% of users between the ages of 18 and 34 reporting such activity. Furthermore, virtual reality (VR) technologies have a thriving ecosystem in the US. There are numerous VR startups, content producers, and well-established businesses that create and market VR apps. Therefore, this factor is also projected to dominate the market growth.

APAC Market Analysis

The Asia Pacific 4K VR displays market is also predicted to have notable growth in the coming years. Among this region, China is expected to observe a significant rise. The Chinese government is investing in the VR space in an attempt to control the global 4K VR Displays market. For virtual reality technologies, the Chinese market is sizable and expanding quickly. Furthermore, this region also has a huge consumer base for electronic items which is further estimated to encourage the market growth.

Research Nester
2
Get more information on this report: Request Free Sample PDF

Companies Dominating the 4K VR Displays Market

top-features-companies
    • Synaptics Incorporated  
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • VESA
    • Himax Technologies, Inc.
    • Raydium Corporation
    • New Vision Display, Inc.
    • HTC Corporation
    • Lenovo
    • LG Electronics 
    • Valve Corporation
    • Acer Inc.  

In-the-news

In The News

  • The Lenovo ThinkBook Wireless Dock is the world's first genuinely wireless dock, and Synaptics Incorporated revealed that its seamless wireless display connectivity experience is made possible by its Gemini eference architecture.  
  • Version 2.0 of the DisplayPort (DP) audio/video standard has been launched, according to a statement made by the Video Electronics Standards Association (VESA). In comparison to the previous version of DisplayPort (DP 1.4a), DP 2.0 offers up to a 3X improvement in data bandwidth performance and additional features to meet the performance requirements of traditional displays in the future. It is the first major upgrade to the DisplayPort standard since March 2016.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5607
  • Published Date: Feb 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are surge in prevalence of remote working, growing popularity of micro LED, and rise in adoption of 4K VR displays by military.

The market size of 4K VR displays is anticipated to attain a CAGR of 34% over the forecast period, i.e., 2024-2036.

The major players in the market are Synaptics Incorporated, VESA, Himax Technologies, Inc., Raydium Corporation, and others.

The smart TV segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
4K VR Displays Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying