Global High Dynamic Range Market Size & Share Will Grow at 25.12% CAGR to Reach Over $126.75 Billion By 2030

NEW YORK, NY, April 14, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “High Dynamic Range Market By Application (Security & Surveillance, Entertainment, And Consumer), By Product (Capturing Devices, Display Devices, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global High Dynamic Range Market size & share in terms of revenue was valued at USD 13.77 billion in 2022 and it is expected to surpass around USD 126.75 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 25.12% during the forecast period 2023 to 2030.”

What is High Dynamic Range? How big is the High Dynamic Range Industry?

Report Overview:

It is anticipated that the size of the global high dynamic range market would increase to around USD 126.75 billion by 2030, with a compound annual growth rate (CAGR) of approximately 25.12% between 2023 and 2030. In 2022, the market was estimated to be worth approximately USD 13.77 billion. The study investigates the factors that are driving and inhibiting growth in the worldwide high dynamic range market, as well as the impact that this will have on demand over the course of the forecast year. In addition to this, the research investigates new possibilities that are opening up in the high dynamic range market.

High dynamic range (HDR) is a technology that is used for capturing, processing, and displaying images or videos with a higher and clearer dynamic range when compared to conventional or traditional methods. The high dynamic range industry is concerned with the designing, production, and sale of HDR technology. This technology is also known as high dynamic range (HDR). The technology has many applications in the media industry and enables users to achieve better brightness, colour accuracy, and contrast that work together to create an image that is more lifelike, providing users with an immersive viewing experience as a result.

The technology also has many applications in the media industry. There are a number of reasons for the expansion of the market, particularly over the past few years, and it is increasingly being adopted in a variety of media sub-segments, such as the production of movies, video games, and television shows. Among these media sub-segments, virtual reality is gaining popularity. A wide variety of products, including as monitors, cameras, and other software and hardware support systems, are produced by the sector. Throughout the period covered by the projections, it is anticipated that the fraternity would expand at a large rate while simultaneously coping with a variety of obstacles and constraints.

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Global High Dynamic Range Market: Growth Factors

Demand for enhanced viewing experiences will continue to expand, which will drive market expansion.

It is anticipated that the global market for high dynamic range products will expand as a result of the growing demand for more immersive and high-quality viewing experiences. This applies to all different kinds of end-user verticals and market segments. For instance, producers of movies and television shows are constantly attempting to provide customers with a viewing experience that has never been felt before. This is made possible by the most recent technology developments and the rapid acceptance of these advancements. This is demonstrated by the increasing number of films that are being shot with high dynamic range (HDR) cameras and sensors. In addition, the ever-increasing innovations within the sector, which are likely to result in ongoing improvements to software answers and display technologies, may prove beneficial to the sector as a whole. In addition to this, the growing popularity of online streaming, which is being driven by the expanding user database on services such as Amazon Prime Video and Netflix, is acting as a driving factor for the creators of the show to increase the quality of the services that they provide. Because HDR technology enables the creation of virtual commercials that are more engaging, it has been a favourite choice among advertising firms, which has led to the proliferation of HDR-capable systems and devices.

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Report Scope

High Dynamic Range Market: Segmentation Analysis

The global market for high dynamic range products may be broken down into three distinct categories: applications, products, and regions.

The global market can be broken down into three different segments according on the application: consumer, security & surveillance, and entertainment. The entertainment section of the global market experienced the highest growth in 2022. This was primarily driven by the increasing usage of technology during the production of entertainment programmes such as television shows, movies, video games, and other kinds of activities. The early adoption tactic was what allowed it to maintain its dominant position in the entertainment industry over the course of many years. Investors have increased their spending powers in order to purchase better cameras, sensors, and processing equipment in response to the enormous increase in the demand for the creation of new content. The Sony Venice CineAlta Digital Cinema Camera is currently one of the most expensive HDR cameras that can be purchased, since it retails for more than 40,000 United States Dollars.

The high dynamic range industry can be broken down into several different segments, the most prominent of which being display devices, capture devices, and others. The display devices sector experienced the strongest growth in the industry as a whole, mostly as a result of the significant increase in demand for cutting-edge display systems that deliver enhanced and more immersive viewing experiences. These displays are made to project a greater variety of colour tones and brightness, which makes it possible to create a dynamic experience. Because of this feature, HDR displays are better suited for viewing high-quality material, such as that found in video games, movies, or television shows. Full high-definition (HD) displays typically have a resolution of 1920 by 1080 pixels, whereas 4K Ultra HD displays often have a resolution of 3840 by 2160 pixels.

The global High Dynamic Range market is segmented as follows:

By Application

• Security & Surveillance
• Entertainment, and Consumer

By Product

• Capturing Devices
• Display Devices
• Others

Browse the full “High Dynamic Range Market By Application (Security & Surveillance, Entertainment, And Consumer), By Product (Capturing Devices, Display Devices, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"-Report at https://www.zionmarketresearch.com/report/high-dynamic-range-market

Competitive Landscape

Some of the main competitors dominating the global High Dynamic Range market include - 

• LG Electronics
• Samsung Electronics
• VIZIO Inc.
• Sony Corporation
• Red.com Inc.
• Panasonic Corporation
• Fujifilm Holdings Corporation
• Hisense Group
• Technicolor SA
• Microsoft Corporation
• Philips
• Dolby Laboratories Inc.
• TCL Corporation
• Amazon.com Inc.
• Google LLC
• Nikon Corporation
• Canon Inc.
• NVIDIA Corporation
• GoPro Inc.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the High Dynamic Range market is likely to expand at a CAGR of around 25.12% during the forecast period (2023-2030).                                
• In terms of revenue, the High Dynamic Range market size was valued at around US$ 13.77 billion in 2022 and is projected to reach US$ 126.75 billion by 2030.
• Based on product segmentation, display devices were predicted to show maximum market share in the year 2022.
• Based on application segmentation, entertainment was the leading application in 2022.
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022.

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Key questions answered in this report:

• What is the market size and growth rate forecast for High Dynamic Range industry?
• What are the main driving factors propelling the High Dynamic Range Market forward?
• What are the leading companies in the High Dynamic Range Industry?
• What segments does the High Dynamic Range Market cover?
• How can I receive a free copy of the High Dynamic Range Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Application, By Product, And By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

Due to the region's already strong presence in the industry, it is anticipated that the North American market for high dynamic range products would experience the highest growth during the forecast period. Important market participants' presence, in addition to increasing consumer interest in the region's goods and services, are two of the most important determinants of regional growth. The United States of America has the most established end-user segments, particularly in the media and entertainment industry, making it the country with the most shares in North America.

The entertainment sector in the United States, specifically Hollywood, is widely recognized as one of the best-funded and most technologically advanced in the entire world. In addition to this, it is well-known for producing some of the most visually beautiful films, the likes of which can only be generated with the assistance of technologically advanced camera sensors and technologies such as HDR. In addition to this, there is a growing need from viewers for improved viewing experiences, which is contributing to an increase in the demand for high dynamic range technologies. It is anticipated that growth in China and Japan, which are now in the lead when it comes to the manufacturing of HDR tools and systems, will be the cause of growth in the Asia-Pacific region.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In February 2023, Panasonic, a Japanese multinational conglomerate corporation, announced the launch of a new series of cameras in the Indian market. The segment is called Lumix S5II and comes with a 24-megapixel full-frame sensor. The price for each camera is around INR 1,94,990. It is a full-frame hybrid mirrorless camera
• In February 2023, Canon, a leading player in the industry, announced the launch of EOS R8 which is a new range of the full-frame camera that boasts of top-selling features of its predecessors. With this move, the company has strengthened its hold in the mirror camera segment
• In January 2023, Raspberry Pi announced the launch of the HD camera module that now comes with the autofocus feature. With the new launch, the company is also releasing a new module that can be used with the M12-mount lenses
• In December 2022, Google, a technology giant, announced that the next version of the company's smartphone range which is the Google Pixel 8 will feature ISOCELL GN2, an advanced camera sensor made by Samsung proving the phone with HDR functionality

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/high-dynamic-range-market

FREQUENTLY ASKED QUESTIONS

• What is high dynamic range?
• Which key factors will influence high dynamic range market growth over 2023-2030?
• What will be the value of the high dynamic range market during 2023-2030?
• What will be the CAGR value of the high dynamic range market during 2023-2030?
• Which region will contribute notably towards the high dynamic range market value?
• Which are the major players leveraging the high dynamic range market growth?

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