Global High Dynamic Range Market is Estimated to USD 36.82 Billion by 2022

Date: 2016-03-04

“The exponential growth of the photography industry would drive the high dynamic range market in the near future”
The high dynamic range market is estimated to grow from USD 1.82 billion in 2015 to USD 36.82 billion by 2022, at a CAGR of 37.0% between 2016 and 2022. This market is driven by factors such as the growing demand for large screen displays, rise in the photography industry, and economies of scale results into less expensive HDR products. 

“Capturing device HDR products to gain maximum traction during the forecast period”
The capturing devices segment is likely to hold the largest market share duing the forecast period. In addition, due to the rise in demand for products such as televisions & digital cameras, the market is expected to gain traction and grow at the highest CAGR in the next seven years. The high dynamic range  market is also expected to witness growth in the entertainment sector, accounting for the largest market share during the forecast period. 

  “APAC to lead the global high dynamic range market during the forecast period”
APAC poised to lead the global HDR market in terms of revenue and growth rate, owing to maximum number of key players headquartered in the region such as Samsung Electric Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Canon, Inc. (Tokyo) and Nikon Corp. (Tokyo) majorly among others and due to its technological advancements in manufacturing. North America & Europe are at 2nd and 3rd place in the global market and are expected to continue the same trend during the forecast period. 

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