8K Market is Expected to Grow at Constant CAGR of 32.2% by 2023 with SAMSUNG GROUP, DELL, HISENSE, PANASONIC, RED DIGITAL CINEMA CAMERA COMPANY and Many

Industry Highlights:
The 8K market is expected to register a CAGR of 32.2%, during the forecast period (2018 - 2023). The scope includes different application of 8K market, such as monitor, television, camera, and various others. The scope of study includes different resolution present in 8K market, such as 7680 u00d7 4320 resolution, 8192 u00d7 4320 Resolution and various others. The regions considered under the scope of the report includes North America, Europe, and Asia-Pacific.

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Growing Demand for Better Display Screen
In order to provide customers the with enhanced screen experience many companies are coming up with advanced products every day. Rising technological advancements and persistent rise in complexity of technological solutions is also playing a key role in growth of 8K technology. Firms, such as Sony has displayed a prototype of HDR 8K display with 10,000 Nits Luminance in 2018, which has extremely high luminance and it also packs bunch of other important technologies to keep the contrast ratio high.

Key Developments in Market
February 2018 - Panasonic has developed a new technology which enables 8K high resolution and high picture quality imaging without motion distortion, even in bright scenes
January 2018 - Samsung unveiled its 8K QLED smart TV based on AI technology. The technology is based on machine learning that analyzes content and automatically upscale low-resolution images into 8K picture quality

Major Players - SAMSUNG GROUP, DELL, HISENSE CO. LTD., PANASONIC CORPORATION, RED DIGITAL CINEMA CAMERA COMPANY, amongst others.

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Consumer Electronics is set to become the fastest growing segment
Consumer Electronics is expected to witness substantial growth mainly due to increasing demand for large screen and high definition televisions. 8K market offers over sixteen times the resolution of 1080p full HD both horizontally and also vertically. Also, increasing demand for large display television leads to growing demand for high resolution content. Companies, such as LG has announced the launch of 8K OLED TV and is also accelerating its R&D into OLED in order to continuously innovate to provide customers with differentiated products.

North America to Lead the Market
North America is accounted to hold the largest market share during the forecast period especially countries, such as U.S and Canada are anticipated to drive the growth of the 8K market owing to the presence of a large number of key players, such as Dell and Red Digital Cinema Camera Company, among others. Also, U.S. is leading the market due to technological advancements and increasing demand for high resolution display screens.

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