The Asia Pacific High Dynamic Range Market would witness market growth of 24.7% CAGR during the forecast period (2022-2028).
The term "high dynamic range" (HDR) refers to a dynamic range that is larger than typical. HDR-powered displays are able to show the full dynamic range of a photograph or video. They are able to essentially show extreme whites and extreme blacks in a frame. This feature enhances the viewing experience of the watchers. HDR capturing devices are similarly able to capture the full contrast in a video or photograph
Several educational institutions make extensive use of films to aid the learning process, such as visual recordings of webinars and courses. Students' ability to assimilate material was significantly increased when visual records were used. As a result, schools, colleges, and universities have started creating multimedia content and presenting it in video formats. Furthermore, the acceptance of video content for educational purposes has grown as a result of a significant increase in consumption and easy access to video content as a result of the widespread use of smartphones and the wide availability of the internet. The high adoption of digital media across a variety of industries has resulted in an increase in viewer demand for various streaming solutions and services, presenting new growth opportunities for companies in the video streaming software market.
In emerging countries like India and China, rising earnings are expanding the entertainment industry's client base. The sales of HDR capture devices in this region are likely to grow as people's lives improve in terms of improved photo and video capture. Due to an increase in demand from the entertainment, gaming, and media industries, Asia-Pacific saw the fastest growth in the high dynamic range market. Further, significant players such as Canon, Samsung Electronics Co., Ltd., Omnivision Technologies, Fujifilm Holding Corporation, and Casio Computer Co., Ltd. are based in Asia-Pacific and provide superior high dynamic range solutions.
The China market dominated the Asia Pacific High Dynamic Range Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,607.8 million by 2028. The Japan market is experiencing a CAGR of 24% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 25.5% during (2022 - 2028).
Based on Product Type, the market is segmented into Capturing Devices and Display Devices. Based on Application, the market is segmented into Entertainment, Video Streaming, and Gaming. Based on Type, the market is segmented into HDR10+, HDR10, Dolby Vision, Hybrid Log-Gamma, 4K, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide High Dynamic Range Market is Projected to reach USD 74.9 Billion by 2028, at a CAGR of 24.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Sony Corporation, Canon, Inc., Samsung Electronics Co., Ltd.(Samsung Group), LG Display Co., Ltd. (LG Corporation), Nikon Corporation, Casio Computer Co., Ltd., Olympus Corporation, Fujifilm Holdings Corporation, and OmniVision Technologies, Inc.
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