Press release
8K Technology Global Market Size, Share, Growth, Trends And Forecast To 2032
8K Technology Market Report
The Business Research Company's 8K Technology Global Market Report 2023 identifies rising demand for consumer electronics as the major driver for the 8K technology market's growth in the forecast period. 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.
The global 8k technology market is expected to grow from 6.94 billion in 2022 to 10.38 billion in 2023 at a compound annual growth rate (CAGR) of 49.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global 8k technology is expected to reach 48.3 billion in 2027 at a CAGR of 46.9%.
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Major competitors in the 8K technology market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Sony Corporation, Panasonic Corporation, LG Electronics Inc.,
A key trend in the 8K technology market includes technological advancements. 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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The 8K technology market is segmented -
•By Product: 8K Television, 8K Camera, 8K Monitors Or Laptops, 8K Projectors, Other Products
•By Resolution: 7680 x 4320, 8192 x 8192, 8192 x 5120, 8192 x 4320
•By End-User: Consumer, Sports And Entertainment, Healthcare, Other End-User
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the 8K technology market.
The Business Research Company's "Global 8K Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The 8K Technology Market Include:
1. Executive Summary
2. 8K Technology Market Characteristics
3. 8K Technology Market Trends And Strategies
4. 8K Technology Market - Macro Economic Scenario
5.1. Global 8K Technology Historic Market Size and Growth
……
32. Global 8K Technology Market Competitive Benchmarking
33. Global 8K Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The 8K Technology Market
35. 8K Technology Market Future Outlook and Potential Analysis
36. Appendix
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