Press release
8K Technology Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
8K Technology Market
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.
Market Overview -
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.
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Surging Demand For Consumer Electronics To Drive 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.
Competitive Landscape -
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
Technological Advancements Driving Innovation In 8K Technology Market
Technological advancements are a key trend gaining popularity in the 8K technology market. Major companies operating in the 8K technology market are developing innovative technologies to strengthen their position in the market. For instance, in November 2021, MediaTek, a Taiwan-based semiconductor company, and TSMC, a Taiwan-based semiconductor company, launched the MediaTek Pentonic 2000, the first flagship 7-nanometer 8K digital TV system-on-chip (SoC). The unique features of the MediaTek Pentonic 2000 involve its unparalleled performance and power efficiency by utilizing features such as sophisticated artificial intelligence (AI) engines, versatile video coding (VVC) decoding, motion estimation and motion compensation (MEMC), and picture-in-picture (PiP) technology. It is designed with an ultra-wide memory bus, ultra-fast UFS 3.1 storage, and compatibility with the fastest wireless connectivity for MediaTek Wi-Fi 6E or even 5G cellular modems.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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