High Dynamic Range Market Size is expected to be valued at USD 14,240.0 million and is expected to grow at a CAGR of 22.3% in 2022-2028. High dynamic is a method that uses post-process approaches in photography and imaging in order to increase more proportion of dark and light called the dynamic range of luminosity in typical digital imaging. The usage of high dynamic range in videography, photography, or any display device or any display system is done to signify a precise same series of luminosity, which is witnessed through the human visual system. Increasing demand for high resolution and large screen displays can lead to the growth of the high dynamic range market. Moreover, the growing use of smartphones, increase users of OTT platforms, and budding possibilities for digital photography are some primary factors that can boost the global high dynamic range market insights. Apart from these, the growing use of high dynamic range techniques for digital imaging, recording, videography, photography, and 3D rendering can also accelerate the market in the future. However, some factors such as the requirement for significantly higher broadband width for distribution of high dynamic range can restrain the growth of the market. Moreover, HDR photos occupy a lot of space in the device which can fill the memory. Tripod or bracketing is essential to shoot or take photographs in HDR. Software is required for the final production of HDR images to remove the background noise and for better refinements. All these factors can hinder market growth. The development of novel high dynamic range-compatible devices can create an opportunity for the growth of the global high dynamic range market insights. Moreover, propagation of high dynamic range digital content has a lucrative market.
In April 2021, Mi QLED TV 75 was launched by Xiaomi in India. This product has many innovative features such as Dolby Vision support, HDR 10+, and a 4K UHD panel with a 120Hz refresh rate.
In January 2020, a new DSLR camera EOS-1D X Mark III was launched by Canon which can shoot at 4K at the rate of 60fps HDR Videos and 5.5K RAW. It is useful in wildlife photography, studios, sports, and wedding events.