Tuesday, 02 January 2024 12:17 GMT

High Dynamic Range Market To Hit $126.7 Bn By 2030, Driven By Streaming & Gaming Demand


(MENAFN- EIN Presswire) EINPresswire/ -- According to a new report published by Allied Market Research High Dynamic Range Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type (HDR10, HDR10+, Hybrid Log-Gamma, Dolby Vision, 4K, and Others), Product Type (Capturing Devices and Display Devices), and Application (Video Streaming, Gaming, and Entertainment): Global Opportunity Analysis and Industry Forecast, 2021-2030, The global high dynamic range market was valued at $13,760.0 million in 2020, and is projected to reach $126.7 billion by 2030, registering a CAGR of 25.1%.

The High Dynamic Range (HDR) market is experiencing strong growth as consumers and industries increasingly prioritize visual quality. HDR technology enhances contrast, brightness, and color accuracy, delivering more immersive and realistic viewing experiences across televisions, smartphones, monitors, and cameras. Its integration into consumer electronics has accelerated sharply as manufacturers position HDR as a premium feature.

Beyond entertainment, HDR is gaining traction in sectors such as medical imaging, automotive displays, security systems, and industrial monitoring. The growth of 4K/8K content production and the availability of HDR-enabled streaming platforms further support market expansion. Strong investments in display technology innovation continue to propel the HDR ecosystem forward.

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Market Dynamics
One of the primary drivers of the HDR market is the rising adoption of smart TVs, gaming consoles, and high-performance monitors. Consumers increasingly expect superior image quality, pushing manufacturers to introduce HDR-compliant devices across mid-range and high-end product lines.

Another key factor driving growth is the explosive rise of streaming services. Platforms like Netflix, Disney+, and Amazon Prime Video now provide substantial HDR content libraries, prompting consumers to upgrade devices and encouraging content creators to adopt HDR workflows.

Advancements in display technologiessuch as OLED, MicroLED, and QLEDare also boosting the HDR market. These technologies offer improved brightness and color performance, enabling HDR content to be displayed at its full potential and improving viewing experiences across devices.

However, factors like high equipment costs, limited HDR standardization, and variability in HDR performance across devices remain challenges. These issues sometimes lead to inconsistent user experiences and lack of interoperability between content and playback hardware.

Despite these limitations, growing consumer awareness, expanding HDR content production, and adoption across professional imaging industries continue to create lucrative opportunities for manufacturers, software developers, and media companies.

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Segment Overview
The HDR market is segmented by product type (HDR displays, cameras, and software), by technology (HDR10, HDR10+, Dolby Vision, HLG, and others), and by application (consumer electronics, gaming, entertainment, photography, automotive, and industrial). Consumer electronics account for the largest share, driven by strong demand for HDR TVs and smartphones, while the gaming and entertainment sectors show the fastest growth due to expanding HDR-supported content.

The entertainment segment accounted for the largest share of the HDR market in 2020 and is projected to retain its leading position in the coming years. Meanwhile, the video streaming segment is poised for the fastest growth, driven by rising demand for HDR-enabled streaming that delivers superior contrast, detailed shadows, and vibrant highlights. The market is further supported by recent advancements, such as YouTube's introduction of HDR for live streaming.

Regional Analysis
North America dominates the HDR market owing to high adoption of advanced consumer electronics, a strong entertainment and gaming ecosystem, and early deployment of HDR content by major streaming platforms. The region also benefits from the presence of leading display manufacturers and technology innovators.

Asia-Pacific is expected to witness the fastest growth, supported by large-scale production of HDR-enabled devices in China, South Korea, and Japan. Rising disposable income, rapid adoption of high-end smartphones and televisions, and strong demand for immersive gaming experiences are key contributors to regional market expansion.

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Competitive Analysis:
Some of the key high dynamic range industry players profiled in the report include Apple, Inc., Canon, Nikon Corporation, Samsung Electronics Co., Ltd., LG Display Co., Ltd., Omnivision Technologies, Olympus Corp., Sony Corporation, Fujifilm Holding Corporation, and Casio Computer Co., Ltd. This study includes market trends, high dynamic range market analysis, and future estimations to determine the imminent investment pockets

Key Findings of the Study
.By type, in 2020 the HDR 10+ dominated the High dynamic range market size. However, the Dolby vision segment is expected to exhibit significant growth during high dynamic range market forecast period.
.Depending on product type, the capturing devices generated the highest revenue in 2020. However, the display devices segment is expected to exhibit significant growth during the forecast period.
.Region wise, the high dynamic range industry was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

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