Press release
8K Technology Market Size & Business Planning, Innovation to See Modest Growth Through 2025 | BOE Japan Co. Ltd., Canon Inc, Dell Inc., Hisense Co
8K Technology Market
The reports cover key market developments in the 8K Technology as organic and inorganic growth strategies. Various companies focus on organic growth strategies such as product launches, product approvals and others such as patents and events. The inorganic growth strategy activities observed in the market were acquisitions, partnerships and collaborations. These activities paved the way for an expansion of the businesses and customers of the market players. The market payers of the 8K Technology are destined for lucrative growth opportunities in the future with the increasing demand for market 8K Technology in the world market.
The 8K technology market was valued at USD 148.0 million in 2018 and is projected to reach a market value of USD 663.6 million by 2023 at a CAGR of 35.0%, during the forecast period i.e. 2018 to 2023. 8K technology market is at the emerging phase of product life-cycle. Strong demand for display panels with high resolution, fast response time, and better picture quality is expected to elevate the market growth in next couple of years. The 8K technology market is witnessing an increase in the demand from various end-use industries including healthcare & medical, entertainment and commercial industries.
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8K Technology Competitive Landscape
8K technology market is dominated by the presence of players such as BOE Japan Co. Ltd., Canon Inc, Dell Inc., Hisense Co. Ltd., Ikegami Tsushinki Co. Ltd., LG Electronics Inc, Panasonic Corporation, Red Digital Cinema Camera Company, Samsung Group, Sharp Corporation. These players are focusing on strengthening their presence in the 8K technology market in order to meet increasing demand from consumer electronics industry with high demand for better display screens and technological advancements in microLED.
On the basis of product type, 8K technology market is segmented into TVs, displays and cameras. The technological advancements in these products have made the incorporation of the 8K technologies in these products easier. The market in camera segment is experiencing high growth owing to increasing demand from filmmakers for the 8K cameras due to its ability to capture better images. NHK the broadcasting company, for instance, in Japan, has launched its 8K SHV channels to provide 8K media on a large scale. Televisions segment is projected to grow at highest rate as it is mostly suited for 16:9 aspect ratio.
Based on application, 8K technology market is classified into healthcare & medical, electronics, FMCD industries, and others. Healthcare & medical industry is expected to account for major share considering its ability to view and differentiate between internal tissue structures from the damaged and infected one. Since the 8K imaging systems have a high pixel count, they gain more preference over the traditional imaging techniques.
8K technology market is segmented on the basis of various resolutions that include 7680 x 4320, 8192 x 4320, 8192 x 5120, and 8192 x 8192. 8K UHD at 7680 × 4320 resolution is expected to experience high demand as it is best suited for monitors and televisions. Its high pixel count enables better viewing angles and high clarity of images.
Reasons to Purchase this 8K Technology market Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• 8K Technology Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the 8K Technology market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Competitive landscape involving the 8K Technology market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major 8K Technology market players
• 1-year analyst support, along with the data support in excel format
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