Press release
Super Hi-Vision Market Insights, Growth, Share, Size, Demand 2024-2033
Super Hi-Vision Market
The super hi-vision market size is expected to see exponential growth in the next few years. It will grow to $246.54 billion in 2028 at a compound annual growth rate (CAGR) of 23.2%. The growth in the forecast period can be attributed to growing virtual reality (VR) and augmented reality (AR), growing adoption of super hi-vision in the enterprise sector, growing gaming and other interactive applications, demand for streaming services. Major trends in the forecast period include consumer electronics innovation, research and development investment, content upscaling, integration of artificial intelligence (AI) and machine learning (ML), seamless multi-device connectivity.
Market Overview -
Super hi-vision refers to an ultra-high-definition video system technology that offers a high level of image resolution and clarity with its extremely high pixel count. It is used in television broadcasting and consumer electronics to improve the clarity and detail of streaming content and video playback on compatible displays and monitors.
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Rise Of Streaming And Online Video Platforms Fuels The Growth Of The Super Hi-Vision Market
The growing popularity of streaming and online video platforms is expected to propel the growth of the super hi-vision market going forward. Streaming and online video platforms refer to digital services allowing users to watch videos, movies, television shows and other multimedia content over the internet in real-time without downloading the content to their device. Super hi-vision provides an incredibly high resolution of 7680 x 4320 pixels, delivering a level of detail and clarity unmatched by lower-resolution formats like 4K (4000) or Full HD (high-definition). This helps viewers to enjoy sharper images, finer details and more immersive visuals when streaming content in 8K. For instance, in April 2023, according to a press release shared by Netflix Inc., a US-based streaming media company, Netflix had 223 million paying subscribers in the fourth quarter of 2022 and by the first three months of 2023, that number had risen to 231 million. Therefore, the growing popularity of streaming and online video platforms is driving the growth of the super hi-vision market.
Competitive Landscape -
Major players in the super hi-vision market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Sony Corporation, Panasonic Corporation, Haier Group Corporation, Netflix Inc., Canon Inc., BOE Technology Group Co. Ltd., Sharp Corporation, Koninklijke Philips N.V., Seiko Epson Corporation, TCL Electronics Holdings Limited, Skyworth Group Co. Ltd., AU Optronics Corporation, Innolux Corporation, Hisense Group Co. Ltd., British Broadcasting Corporation (BBC), Nikon Corporation, Konka Group Co. Ltd., Japan Broadcasting Corporation (NHK), Vizio Inc., Apple TV+, Dolby Laboratories Inc., BenQ Corporation, ViewSonic Corporation, Eizo Corporation, Sharp NEC Display Solutions Ltd., Ikegami Tsushinki Co. Ltd., Red Digital Cinema Camera Company.
Companies Elevating Super Hi-Vision With Innovative Laser Display Technology Solutions
Major companies operating in the super hi-vision market are developing advanced display technologies, such as laser display technology solution, to sustain their position in the market. Laser display technology solutions use lasers to create high-quality, bright and vivid images for various applications. For instance, in January 2022, Hisense Group Co. Ltd., a China-based consumer electronics and home appliance company, unveiled its ULED (ultra-light emitting diode) 8K Mini-LED series and 8K resolution laser display technology solution at the prestigious CES 2022, a premier technology showcase. This launch represents a fusion of impressive ULED and Mini LED technologies, resulting in elevated picture quality and enhanced brightness levels.
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Key Segments -
The super hi-vision market covered in this report is segmented -
1) By Type: 8K; 4K
2) By Device: Monitor; Television; Camera; Full Dome
3) By Application: Television Broadcasting And Commercial Electronics; Camera Lenses; Medical Science; Space Science And Defense Sectors
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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