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Rise Of Streaming And Online Video Platforms Fuels The Growth Of The Super Hi-Vision Market: Transformative Forces Shaping the Super Hi-Vision Market Landscape in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Super Hi-Vision Industry Market Size Be by 2025?
There has been a significant increase in the size of the super hi-vision market in the past few years. The market is projected to expand from $107.12 billion in 2024 to $129.87 billion in 2025, with a compound annual growth rate (CAGR) of 21.2%. Factors that have contributed to the growth during the historic period include a heightened desire for high-caliber video content, an escalating interest in immersive viewing experiences, increasing levels of disposable income, a growing demand for luxury televisions and other display appliances, and the rising adoption of cloud computing.
What's the Long-Term Growth Forecast for the Super Hi-Vision Market Size Through 2029?
Anticipated to experience unparalleled growth in the coming years, the super hi-vision market is projected to expand to $300.18 billion by 2029, registering a compound annual growth rate (CAGR) of 23.3%. The growth projected for the forecast period can be ascribed to the increasing prevalence of virtual reality (VR) and augmented reality (AR), the escalating usage of super hi-vision in the business sphere, growing demand in gaming and various interactive applications, coupled with rising demand for streaming services. Notable trends expected to characterize the forecast period encompass innovations in consumer electronics, investment in research and development, the surge in content upscaling, the integration of artificial intelligence (AI) and machine learning (ML), and the rise in seamless multi-device connectivity.
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What Are the Key Growth Drivers Fueling the Super Hi-Vision Market Expansion?
The increasing trend of online streaming and video platforms is anticipated to fuel super hi-vision market expansion. These platforms are digital services where users can live-stream videos, movies, television series, and various multimedia content over the internet without the need for downloading the content. Super hi-vision offers an exceptional resolution of 7680 x 4320 pixels, surpassing the image quality delivered by lower-resolution formats such as 4K (4000) or Full HD. This allows for a more immersive viewing experience with sharper images and finer details when content is streamed in 8K. As an illustration, Netflix Inc., a US-based streaming media company, reported in a press release from April 2023 that the number of its paid subscribers in Q4 2022 stood at 223 million and rose to 231 million in the first quarter of 2023. Therefore, the rising trend of online streaming and video platforms is contributing to the growth of the super hi-vision market.
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Which Fast-Growing Trends Are Poised to Disrupt the Super Hi-Vision Market?
Leading businesses in the super hi-vision sector are focusing on the creation of cutting-edge display technologies such as laser display solutions to maintain their market standing. Laser display solutions aid in the production of bright, vivid and high-quality images for diverse applications. For example, in January 2022, Hisense Group Co. Ltd., a firm from China dealing with consumer electronics and home appliances, disclosed its ULED (ultra-light emitting diode) 8K Mini-LED series and an 8K resolution laser display technology solution at the renowned CES 2022 technology exhibition. The unveiling signifies the merging of remarkable ULED and Mini LED technologies, culminating in superior image quality and heightened brightness levels.
How Is the Super Hi-Vision Market Segmented?
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
Subsegments:
1) By 8K: 8K TVs, 8K Projectors, 8K Monitors
2) By 4K: 4K TVs, 4K Projectors, 4K Monitors
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Which Companies Are Leading the Charge in Super Hi-Vision Market Innovation?
Major companies operating 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.
Which Regions Are Leading the Global Super Hi-Vision Market in Revenue?
North America was the largest region in the super hi-vision market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in super hi-vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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