PUBLISHER: The Business Research Company | PRODUCT CODE: 1425407
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425407
Display Calibration Management Tools Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on display calibration management tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for display calibration management tools? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The display calibration management tools market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Display calibration management tools consist of predefined parameters essential for rectifying variations in device performance from the standard.
The primary categories of these tools include 3D LUT calibration, 3PT or 6PT calibration, and calibration based on the ICC profile. In 3D LUT calibration, a three-dimensional lattice is employed, where each axis represents an entry point for one of the three color components. These tools are applied in diverse business areas such as standard sign displays, digital television, and video walls. Industries benefiting from these tools encompass media and entertainment, retail, quick-service restaurants (QSR), healthcare, residential, hospitality, and transportation.
The display calibration management tools market research report is one of a series of new reports from The Business Research Company that provides display calibration management tools market statistics, including display calibration management tools industry global market size, regional shares, competitors with a display calibration management tools market share, detailed display calibration management tools market segments, market trends and opportunities, and any further data you may need to thrive in the display calibration management tools industry. This display calibration management tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The display calibration management tools market size has grown strongly in recent years. It will grow from $1.47 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be attributed to factors such as quality control in display manufacturing, the emergence of digital imaging technologies, adoption in media and entertainment, applications in professional photography and design, and various industrial applications.
The display calibration management tools market size is expected to see strong growth in the next few years. It will grow to $2.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to the growing demand for color accuracy, industry-specific requirements, expansion in graphic design and gaming sectors, demand from both professional and consumer markets, and efforts toward globalization and market penetration. Major trends in the forecast period encompass educational initiatives, increased market competition and innovation, the development of user-friendly interfaces, the impact of remote work environments, and continuous technological upgrades in the display manufacturing industry.
The surge in demand for premium display TVs, particularly smart TVs, is anticipated to drive the growth of the display calibration management tools market. Smart TVs, characterized by their internet connectivity and entertainment-centric features, are witnessing a rising market share. Display calibration tools play a pivotal role in optimizing white balance, ensuring precise color accuracy for an enhanced viewing experience. For instance, as of April 2021, smart UHD TVs constituted 75% of the German TV set market, with 1.1 million units sold in Q1 of 2021, reflecting the increasing preference for high-end displays, such as smart TVs.
The display calibration management tools market is poised for growth owing to escalating demand in the residential sector. The residential category within the real estate and housing market, catering to housing units for individuals or families, is witnessing a surge. These tools empower users to enhance color accuracy, contrast, and overall visual performance, delivering an optimized viewing experience in residential settings. Notably, as of October 2023, the United States Census Bureau reported a 13.8% increase in privately owned housing units approved by building permits in February compared to January, reaching 1,524,000 units on a seasonally adjusted yearly basis.
Technological advancements have emerged as a prominent trend influencing the display calibration management tools market. Key market players are strategically focusing on innovation to introduce cutting-edge technologies, sustaining their competitive positions. A case in point is Pixelworks Inc., a US-based provider of video and display processing solutions, which, in April 2022, launched the Pixelworks X5 Pro visual processor for the OnePlus Ace smartphone. Leveraging patented MotionEngine technology and advanced calibration solutions, the product promises ultra-smooth motion quality, consistent color accuracy, and eye comfort for an exceptional viewing experience.
Major companies operating in the display calibration management tools market are directing their efforts toward innovative product offerings to drive revenue growth. Notably, color calibrators, designed to ensure accurate and consistent color representation on electronic displays, are a focal point. For instance, Datacolor AG, a US-based company specializing in color management solutions, introduced color calibrators in May 2023. Targeted at photographers, digital designers, and professionals relying on precise color representation, these calibrators aim to deliver color accuracy for displays, cameras, lenses, and printers.
In September 2022, Transcat Inc., a US-based provider of accredited calibration services, successfully acquired e2b Calibration for $3.15 million. This strategic acquisition is aimed at leveraging Transcat's existing infrastructure and extensive geographic footprint to accelerate expansion in the United States and Canada. e2b Calibration, the acquired company, is also a US-based provider of calibration services. The acquisition aligns with Transcat's growth strategy, reinforcing its position in the calibration services market and enhancing its capabilities to serve a broader customer base across North America.
Major companies operating in the display calibration management tools market report are LG Electronics Inc., Datacolor AG, EIZO Corporation, NEC Display Solutions, Portrait Displays Inc., QUBYX Software Technologies Ltd., General Digital Corporation, X-Rite Incorporated, Light Illusion Ltd., International Enterprises Inc., Yunnan Olightek Opto-Electronic Technology Co. Ltd., Guangyao Technology, Inedit Software SL, Fluke Corporation, Beamex Oy Ab, Isolocity Quality Management Software Inc., Prime Technologies, Flanders Scientific Inc., SIMCO Electronics, Asset Panda, CyberMetrics Corporation, Chroma ATE Inc., Radiant Vision Systems, Gamma Scientific Research Sdn Bhd, Konica Minolta Inc., SpectraCal LLC, Klein Instruments Inc., Colorimetry Research Inc., Tektronix Inc., Keysight Technologies, Rohde & Schwarz GmbH & Co. KG, and Anritsu Corporation.
North America was the largest region in the display calibration management tools market share in 2023. The regions covered in the display calibration management tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the display calibration management tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The display calibration management tools market includes revenues earned by entities by providing calibration management services such as pressure calibration, flow calibration, electrical calibration, and other display calibration management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.