Amid the growing demand for large screen displays with greater resolution, the high dynamic range (HDR) market is expected to grow in the next seven years, according to research by Markets and Markets.
The report aims at estimating the size and future growth potential of the HDR market across different segments such as product, application, and geography.
The base year considered for the study is 2015 and the market size is estimated between 2016 and 2022.
The Asia-Pacific region is expected to hold the highest market share and dominate the HDR market during the forecast period due to the presence of a large number of HDR solution providers.
Asia Pacific offers potential growth opportunities for manufacturers in the HDR market.
One of the factors which hinders the growth of the HDR market is that the HDR video takes up more storage space or bandwidth than the standard HD video so there is an increased strain.
HDR requires more bandwidth to transmit the information over devices compared to its nearest technological competitors such as HD & 4K UHD technologies.
“Thus, it is now clear that the network bandwidth is the biggest restraint in high-resolution content delivery,” said Markets and Markets.
More content can be transmitted through a communication channel with a fixed bandwidth if the compression is greater.