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Super Hi-Vision Market Size, Share, Growth Insights And Forecast Report 2033
Super Hi-Vision Market Size
According to The Business Research Company's, the corn and corn starch derivatives market size has grown strongly in recent years. It will grow from $74.11 billion in 2023 to $78.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to demand for food and beverage industry, rising demand for pharmaceutical industry, increasing industrial applications, increasing textile industry.
The corn and corn starch derivatives market size is expected to see strong growth in the next few years. It will grow to $96.53 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to growing population, processed and convenience foods, clean label and natural ingredients, biodegradable plastics. Major trends in the forecast period include research and innovation, adoption of digital traceability, innovative products, technological advancements.
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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market: 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.
Super Hi-Vision Market 2024 Key Insights:
• The super hi-vision is expected to grow to $246.54 billion in 2028 at a compound annual growth rate (CAGR) of 23.2%.
• Rise Of Streaming And Online Video Platforms Fuels The Growth Of The Super Hi-Vision Market
• Elevated Demand For Medical Imaging Services Fuels Growth In The Super Hi-Vision Market
• North America was the largest region in the super hi-vision market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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