NEW YORK, May 10, 2019 (GLOBE NEWSWIRE) -- The global 8K technology market is likely to grow with a significant CAGR of 60.7%, and is projected to reach USD 32.11 Billion by 2025. Factors attributing to the market growth include; advancements in display technology, rising government capital investments, and growing demand for large-size display panels with higher resolution. In addition, increasing research and development activities is further impelling the market growth. Though 8K technology is gaining popularity, however high cost of 8k based products with limited availability, and lack of awareness among consumers is expected to restrain the industry growth over the forecast period.
8K technology commonly referred as ultra-high definition technology which offers a resolution of 7680 x 4320 pixels. It is a promising technology which is expected to invade the monitor display market over the forecast period. Furthermore, the technology is incorporated to serve a higher resolution standard than 4K technology. It optimizes the brightness level, and generates pristine colors and images, consequently increasing the demand during the forecast period. Also, it illuminates small textured and realistic images with impeccable precision. Additionally, deploying 8K monitors aids in improving resolution 6 times more than a full HD display as well as four times higher than 4K UHD display.
Key findings of the report:
- The global 8K technology market is expected to reach USD 32.11 Billion by 2025, at a CAGR of 60.7%.
- Based on device, television segment is accounted to hold the largest share of the global 8K technology market in 2018.
- Based on application, consumer electronics is estimated to hold the largest market share over the forecast period owing to the increasing demand and usage of high resolution devices such as professional cameras, televisions, monitors, and projectors among others
- Major players profiled in the 8K technology market include BOE Japan Co.,Ltd.; Dell Inc.; Samsung; LG Electronics; Sony Corporation; Sharp; Red Digital Cinema; Canon Inc.; Digital Projection; and AU Optronics Corp.; and among others.
Increasing investment on 8K technology is likely to foster the market demand
With the emergence of ultra high definition display, highest resolution is becoming the vital factor of picture quality that includes sharper image, better viewing angle, and vibrant colors among others. Moreover, the ability to upgrade the existing 4K technology will also stimulate increased adoption and growth of 8K ultra-high definition displays. 8K content offers a drastic improvement in the image quality, and thereby manufacturers and broadcasters are spending heavily in it. Prominent player such as Samsung has recently launched 65”, 75”, and 85” 8K QLED television, and is also planning to support 8K ecosystem over the years to come. In addition, the demand for 8K is not only limited to TVs, but also gaining transition towards camera and equipment makers. Furthermore, RED a digital cinema company is now moving forward with 8K cameras.
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Global 8K technology Market - Regional Insight
Geographically, the global 8k technology market is segmented into North America, Asia-Pacific, Europe, Middle East and Africa, and Central & South America. North America is estimated to hold the largest market share in 2018. Factors attributing to the regional growth are increasing investments in research and development activities, well established electronics manufacturing companies, and growing demand for 8K based products including TVs, projectors, cameras, and monitors. Moreover, increasing demand for high resolution large-sized TVs is also propelling the 8K technology market growth during the forecast period.
The report segments the global 8K technology market on the basis of device, resolution, application, and region.
- By Device
- Monitor
- Television
- Camera
- Projector
- Others
- Resolution
- 7680 x 4320 Resolution
- 8192 x 4320 Resolution
- 8129 x 5120 Resolution
- 8192 x 8192 Resolution
- Application
- Healthcare & Medical
- Consumer Electronics
- Commercial Applications
- FMCG
- Others
- By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Central and South America (CSA)
- Brazil
- Mexico
- Rest of CSA
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- North America
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