8K technology market is expected to grow at a CAGR of 55.5% during the forecast period of 2021-2031. The 8K Technology refers to the image resolution, with a size of 8000 pixels. The image resolution is usually used in the production of detailed color applications. 8K UHD (Ultra-High-Definition) is the highest resolution measuring 7680 × 4320 pixels defined in the Rec.
2020 standard. It provides the visualization of the image with an improved angle and high clarity. Technological advancement is being observed in the past few years with increasing demand for UHD screen or display among end users, due to enhanced picture quality, brighter colors, and image depth.
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What is Driving Demand for 8K Technology?
Increase in the use of 8K UHD screen or display in television is one of the major factor responsible for the market growth. Rise in the demand from end-users for UHD screen or display owing to its technological advancements has been observed in the past few years, which is boosting the market growth. Moreover, 8K technology display devices are gradually increasing in all the industries which include of medical, entertainment, and sports, among others.
Consumer Electronics is Expected to Hold the Largest Share of the 8K Technology Market by End-User
On the basis of end-user, the market for 8K technology is segmented into consumer electronics, commercial applications, and healthcare & medical. Out of which consumer electronics is anticipated to hold the largest share of the global market.
The growth of the segment can be attributed to the increasing demand for larger-sized TVs with improved picture quality, brighter colors, image depth, and higher resolution has been directly impacting the growth of 8K technology market during the forecast period. Consumer electronic segment is anticipated to increase the demand of consumer goods such as monitor, television, and notebooks. Therefore, consumer electronics is expected to hold the largest share of the 8K technology market.
North America 8K Technology Demand Outlook
North America is one of the largest markets for 8K technology across the globe. The growth in the region is majorly attributed to the growing demand of the larger-sized TVs with improved picture quality, brighter colors, image depth, and higher resolution. Also, rising expenditure in the R&D within the region is responsible for the market growth.
Moreover, North America happens to be the most rapidly changing and competitive market across the globe. Besides, the region is also expected to adopt new technologies at a faster pace as compared to other countries across the globe.
Asia Pacific Demand Outlook for 8K Technology
Asia Pacific is anticipated to hold the largest market share of the 8K Technology during the forecast period followed by North America. The major factor responsible for the growth in this region is increasing demand for high clarity display devices coupled with technology advancement in the region.
Additionally, presence of the major companies is also responsible for the market growth in the region. Furthermore, the increasing number of manufacturing bases in the region is driving the sales of 8K technology display devices in the region.
Who are the Key Manufacturers and Suppliers of 8K Technology?
Some of the leading manufacturers of 8K technology market are
- Samsung Electronics
- Digital Projection
- Sony Corporation
- Innolux Corporation
- BOE Technology
- Japan Display Inc.
- Panasonic Corporation
- AU Optronics Corp.
- Sharp Corporation
- Leyard Optoelectronic
- JVCKENWOOD Corporation
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8K Technology Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Key Segments
By Product Type:
- Television
- Monitor and Notebook
- Professional Camera
- Projector
By Screen Resolution:
- 7680×4320
- 8192×4320
- 8192×5120
- 8192×8192
By End-User:
- Consumer Electronics
- Commercial Applications
- Healthcare and Medical
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East
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