Press release
8K Technology Market Report 2023-2028, Size, Share, Industry Analysis, Trends and Forecast
How big is the 8K technology market?
The global 8K technology market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 148.1 Billion by 2028, exhibiting a growth rate (CAGR) of 52.23% during 2023-2028.
What is 8K technology?
8K technology refers to a display resolution of 7680 x 4320 pixels, four times the resolution of 4K, and sixteen spans the resolution of 1080p. This level of resolution provides a detailed and immersive, almost lifelike viewing experience. 8K technology is considered the future of television and has the potential to revolutionize how users watch and interact with video content. It is generally paired with other premium technologies and formats, such as OLED and QLED. 8K technology offers an increased resolution that makes the images sharper and more detailed, allowing viewers to see more fine textures and details in their content. In addition to this, 8K technology permits larger screen sizes without sacrificing image quality, making it perfect for large-scale installations, including movie theaters and digital signage.
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What are the growth prospects and trends in the 8K technology industry?
Continuous advancements in display technology, including higher pixel densities and enhanced color accuracy and the development of smaller and more efficient LEDs, OLEDs, and MicroLEDS, are primarily driving the 8K technology market. Besides this, the rising content creation in higher resolutions, including 4K, and the growing popularity of these displays in gaming to provide the necessary image quality to allow users to immerse in the experience entirely are further augmenting the market growth. Moreover, the inflating investments by various leading players, such as Samsung, LG, and Sony are in these displays, the extensive utilization of 8K technology in professional applications, such as photography, videography, and cinema, improved compression technology, and the expanding 5G networks are also catalyzing the global market. Apart from this, the introduction of virtual and augmented reality applications and the elevating requirement for these techniques to offer the necessary high-resolution displays to create immersive and realistic backgrounds are anticipated to propel the 8K technology market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Insights:
Television
Monitor and Notebook
Professional Camera
Projector
Others
End User Insights:
Sports and Entertainment Industry
Medical Industry
Consumer Electronics
Others
Regional Insights:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
AUO Corporation
BOE Technology Group Co. Ltd.
Canon Inc.
Dell Technologies
Digital Projection
JVCKENWOOD Corporation
LG Electronics
Panasonic Holdings Corporation
RED Digital Cinema LLC
Samsung Electronics Co. Ltd.
Sharp Corporation
Sony Group Corporation
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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