The super hi-vision global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Super Hi-Vision Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The super hi-vision market size has grown exponentially in recent years. It will grow from $87.04 billion in 2023 to $107.12 billion in 2024 at a compound annual growth rate (CAGR) of 23.1%. The growth in the historic period can be attributed to increasing demand for high-quality video content, growing popularity of immersive viewing experiences, rising disposable income levels, demand for high-end tvs and other display devices, growing adoption of cloud computing.
The super hi-vision market size is expected to see exponential growth in the next few years. It will grow to $246.54 billion in 2028 at a compound annual growth rate (CAGR) of 23.2%. The growth in the forecast period can be attributed to growing virtual reality (VR) and augmented reality (AR), growing adoption of super hi-vision in the enterprise sector, growing gaming and other interactive applications, demand for streaming services. Major trends in the forecast period include consumer electronics innovation, research and development investment, content upscaling, integration of artificial intelligence (AI) and machine learning (ML), seamless multi-device connectivity.
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Scope Of Super Hi-Vision Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Super Hi-Vision Market Overview
Market Drivers –
The growing popularity of streaming and online video platforms is expected to propel the growth of the super hi-vision market going forward. Streaming and online video platforms refer to digital services allowing users to watch videos, movies, television shows and other multimedia content over the internet in real-time without downloading the content to their device. Super hi-vision provides an incredibly high resolution of 7680 x 4320 pixels, delivering a level of detail and clarity unmatched by lower-resolution formats like 4K (4000) or Full HD (high-definition). This helps viewers to enjoy sharper images, finer details and more immersive visuals when streaming content in 8K. For instance, in April 2023, according to a press release shared by Netflix Inc., a US-based streaming media company, Netflix had 223 million paying subscribers in the fourth quarter of 2022 and by the first three months of 2023, that number had risen to 231 million. Therefore, the growing popularity of streaming and online video platforms is driving the growth of the super hi-vision market.
Market Trends –
Major companies operating in the super hi-vision market are developing advanced display technologies, such as laser display technology solution, to sustain their position in the market. Laser display technology solutions use lasers to create high-quality, bright and vivid images for various applications. For instance, in January 2022, Hisense Group Co. Ltd., a China-based consumer electronics and home appliance company, unveiled its ULED (ultra-light emitting diode) 8K Mini-LED series and 8K resolution laser display technology solution at the prestigious CES 2022, a premier technology showcase. This launch represents a fusion of impressive ULED and Mini LED technologies, resulting in elevated picture quality and enhanced brightness levels.
The super hi-vision market covered in this report is segmented –
1) By Type: 8K; 4K
2) By Device: Monitor; Television; Camera; Full Dome
3) By Application: Television Broadcasting And Commercial Electronics; Camera Lenses; Medical Science; Space Science And Defense Sectors
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Regional Insights –
North America was the largest region in the super hi-vision market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in super hi-vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the super hi-vision market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Sony Corporation, Panasonic Corporation, Haier Group Corporation, Netflix Inc., Canon Inc., BOE Technology Group Co. Ltd., Sharp Corporation, Koninklijke Philips N.V., Seiko Epson Corporation, TCL Electronics Holdings Limited, Skyworth Group Co. Ltd., AU Optronics Corporation, Innolux Corporation, Hisense Group Co. Ltd., British Broadcasting Corporation (BBC), Nikon Corporation, Konka Group Co. Ltd., Japan Broadcasting Corporation (NHK), Vizio Inc., Apple TV+, Dolby Laboratories Inc., BenQ Corporation, ViewSonic Corporation, Eizo Corporation, Sharp NEC Display Solutions Ltd., Ikegami Tsushinki Co. Ltd., Red Digital Cinema Camera Company.
Table of Contents
- Executive Summary
- Super Hi-Vision Market Report Structure
- Super Hi-Vision Market Trends And Strategies
- Super Hi-Vision Market – Macro Economic Scenario
- Super Hi-Vision Market Size And Growth
…..
- Super Hi-Vision Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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