Overview and Scope
The high dynamic range refer to technology that improves the range of color and contrast in a digital image and video. HDR photos and videos are created by capturing multiple images and videos with different exposures at the same time interval. It helps in increasing the quality of photos and videos.
Sizing and Forecast
The high dynamic range market size has grown exponentially in recent years. It will grow from $22.38 billion in 2023 to $27.84 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to content creation demands, growing demand for high-quality video content, increasing adoption of high dynamic range (hdr) in the film and television industry, growing popularity of streaming services, consumer electronics evolution.
The high dynamic range market size is expected to see exponential growth in the next few years. It will grow to $63.22 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to 5g network expansion, automotive display enhancement, rise of ott platforms, growing adoption of hdr in gaming and virtual reality, increasing adoption of hdr in medical imaging. Major trends in the forecast period include dynamic metadata usage, ai-driven hdr enhancement, cross-platform compatibility, focus on sustainability and energy efficiency in hdr displays, advancements in hdr technology.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the high dynamic range market share in 2023. 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
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Major Driver Impacting Market Growth
The growing demand for large screen displays with greater resolution is expected to propel the growth of the High Dynamic Range market over the coming years. Large screen displays and greater resolution are defined as the Higher pixels creating a high-quality, crisp image and video. Large screen displays and greater resolution are used in High Dynamic Range to provide improved quality with high definition of videos. For instance, in May 2022, according to Comscore, a US-based cross-platform measurement company, the global viewing hours and total viewing households of smart TVs remain the fastest-growing types of connected TV devices with a total of 59% of connected TV households having smart TVs in February 2022, up 4% from February 2021 and 9% from February 2020. Therefore, the growing demand for large screen displays with greater resolution drives the high dynamic range market.
Key Industry Players
Major companies operating in the high dynamic range market report are Amcrest Technologies, Canon Inc., Casio Co. Pvt. Ltd., FUJIFILM Corporation, LG Corporation, Nest Labs, Nikon Inc., Omnivision Technologies Pvt. Ltd., Panasonic Corporation, PYXALIS, Robert Bosch Gmbh, Samsung Electronics Co. Ltd, Sony Corporation, Zosi Technology Co. Ltd., Seiko Epson Corporation, GoPro Inc., Victor Hasselblad AB, Toshiba Corporation, The Eastman Kodak Company, Leica Camera AG, Koninklijke Philips N. V., Hisense India Private Limited, Vizio Inc., Sichuan Changhong Electric Co. Ltd., Tekvision Softtech & Accessibility Solutions LLP, Xiaomi Corporation, Apple Inc., Olympus Corporation, Photonfocus AG, Dolby Laboratories Inc., Sharp Corporation, TCL Technology, Hitachi Ltd., Skyworth Group Co. Ltd.
The high dynamic range market report table of contents includes:
1. Executive Summary
2. High Dynamic Range Market Characteristics
3. High Dynamic Range Market Trends And Strategies
4. High Dynamic Range Market – Macro Economic Scenario
5. Global High Dynamic Range Market Size and Growth
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26. South America High Dynamic Range Market
27. Brazil High Dynamic Range Market
28. Middle East High Dynamic Range Market
29. Africa High Dynamic Range Market
30. High Dynamic Range Market Competitive Landscape And Company Profiles
Top Major Players:
- Amcrest Technologies
- Canon Inc
- Casio Co. Pvt. Ltd
- FUJIFILM Corporation
- LG Corporation
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