The global electronics market today is filled to the brim with a spectrum of new screen technologies that come with personal computers, smartphones, handheld devices such as cameras and tablets, television sets of all shapes and sizes, and others. Some of the existing screen technologies that the market offers at present are liquid-crystal display (LCD), light-emitting diode (LED), high definition (HD), and full high definition. However, according to industry experts, none of these existing technologies is on the verge of acquiring a dominant share in the field of digital media.

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U.S.-based market research firm Transparency Market Research recently published a report, which forecasts the global ultra high definition panel market to expand at an impressive 12.6% CAGR between 2014 and 2020. Based on volume sales, the report predicts the market to register a CAGR of 9.2% and reach 5,704.5 thousand units by 2020. Meanwhile, the market, in terms of total value, is likely to reach US$30,404.6 million by the end of 2020.