Overview and Scope
The 8K technology refers to a specific level of resolution in digital displays and images, with 7680 horizontal and 4,320 vertical pixels for approximately 33 million pixels. 8K technology is used in home entertainment, medical visualization, digital cinematography, and photography.
Sizing and Forecast
The 8k technology market size has grown exponentially in recent years. It will grow from $10.38 billion in 2023 to $15.5 billion in 2024 at a compound annual growth rate (CAGR) of 49.3%. The growth in the historic period can be attributed to consumer demand for higher resolution, content creation and production, innovation in broadcasting, gaming industry growth, improved connectivity and bandwidth.
The 8k technology market size is expected to see exponential growth in the next few years. It will grow to $68.97 billion in 2028 at a compound annual growth rate (CAGR) of 45.2%. The growth in the forecast period can be attributed to market expansion and adoption, content availability growth, technological innovations in panel production, continued demand for higher quality, advancements in compression technology. Major trends in the forecast period include advancements in display technology, 8k content creation expansion, 8k displays in various devices, enhanced user interface and interaction, hdr and color enhancements.
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Segmentation & Regional Insights
The 8k technology market covered in this report is segmented –
1) By Product: 8K Television, 8K Camera, 8K Monitors Or Laptops, 8K Projectors, Other Products
2) By Resolution: 7680 x 4320, 8192 x 8192, 8192 x 5120, 8192 x 4320
3) By End-User: Consumer, Sports And Entertainment, Healthcare, Other End-User
Top 5 major Players:
- Samsung Electronics Co. Ltd.,
- Dell Technologies Inc.,
- Sony Corporation,
- Panasonic Corporation,
- LG Electronics Inc
North America was the largest region in the 8k technology market in 2023. Asia Pacific is expected to be the fastest-growing region in the 8k technology market report during the forecast period. The regions covered in the 8k technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rising demand for consumer electronics is expected to propel the growth of the 8K technology market going forward. Consumer electronics are electronic equipment intended for purchase and use by consumers daily and professionally. 8K technology provides an improved visual experience on consumer electronic devices. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached 771,457 units. In addition, consumer electronics production reached 32,099 units in May 2023, compared to 25,268 units in May 2022. Therefore, the rising demand for consumer electronics is driving the growth of the 8K technology market.
Key Industry Players
Major companies operating in the 8k technology market report are Samsung Electronics Co. Ltd., Dell Technologies Inc., Sony Corporation, Panasonic Corporation, LG Electronics Inc., Canon Inc., BOE Japan Co. Ltd., Fujifilm Corporation, Sharp Corporation com LLC., MediaTek Inc., AU Optronic, AUO Corporation, Innolux Corp., ROHM.Co.Ltd., Novatek Microelectronics Corp., JVCKenwood Corporation, Vizio Inc., Leyard Optoelectronic, Hisense Co. Ltd., EIZO Corporation, ViewSonic Corporation, IMAX Corporation, Kinovis Inc., Red Digital Cinema, Macroblock Inc., Digital Projection Ltd., MainConcept GmbH, TP Vision, Joled Inc., Spin Digital Video Technologies GmbH
The 8k technology market report table of contents includes:
1. Executive Summary
2. 8K Technology Market Characteristics
3. 8K Technology Market Trends And Strategies
4. 8K Technology Market – Macro Economic Scenario
5. Global 8K Technology Market Size and Growth
….
32. Global 8K Technology Market Competitive Benchmarking
33. Global 8K Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The 8K Technology Market
35. 8K Technology Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global 8K Technology Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global 8K Technology Market, Segmentation By Resolution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global 8K Technology Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 74: Samsung Electronics Co. Ltd. Financial Performance
Table 75: Dell Technologies Inc. Financial Performance
Table 76: Sony Corporation Financial Performance
Table 77: Panasonic Corporation Financial Performance
Table 78: LG Electronics Inc. Financial Performance
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