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8K Display Resolution Market Trends

ID: MRFR//2393-HCR | 100 Pages | Author: Ankit Gupta| July 2024

Global 8K Display Resolution Market Overview:

8K Display Resolution Market Size was valued at USD 4.2 Billion in 2023. The 8K Display Resolution Market industry is projected to grow from USD 5.58 Billion in 2024 to USD 41.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 28.42% during the forecast period (2024 - 2032). Technological advances in display manufacturing and expanding 8k content availability are the key market drivers enhancing the market growth.

8K Display Resolution Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

8K Display Resolution Market Trends

  • Growing Demand for High-Quality Visuals Drives Market Growth

Market CAGR for 8K display resolution is being driven by the growing demand for high-quality visuals. As the world becomes more digital, the need for high-quality visuals grows dramatically. Consumers increasingly expect to see crisp, clear images and videos on their televisions, smartphones, and other devices. This is where the 8K display resolution comes in. 8K displays provide four times the resolution of 4K displays, delivering an extraordinarily detailed and immersive viewing experience. They are suited for usage in a variety of applications such as televisions, gaming displays, and digital signage. As more people seek for high-quality graphics, the demand for 8K displays is projected to skyrocket.

Furthermore, technological breakthroughs are making 8K screens more affordable and accessible than ever before. As more businesses begin to offer 8K displays at competitive costs, this is helping to accelerate market growth. As technology advances and prices fall, we may expect to see even more adoption of 8K screens across a variety of industries.

In addition, the availability of 8K material is expanding. With the rise of streaming services such as Netflix and Amazon Prime, users now have access to a growing library of 8K content. These include films, television shows, and even live sporting events. Demand for 8K monitors is projected to rise as more people seek out this high-quality content. Furthermore, advances in camera technology are making it easier for content creators to create high-quality 8K footage, which is helping to promote 8K display adoption in the professional video production business. Furthermore, the growing availability of 8K content is lowering the cost of 8K monitors. As more consumers purchase 8K displays, economies of scale take effect, bringing down production costs. This makes 8K displays more inexpensive and accessible to a broader spectrum of consumers, boosting market growth even further.

Another driver of market expansion for 8K display resolution is technological breakthroughs in display production. Manufacturers are working on new technologies that will enable them to create displays with higher pixel density, better colour accuracy, and broader viewing angles. This is encouraging the use of 8K displays in a variety of applications such as televisions, gaming monitors, and digital signage.

As an example, MicroLED is a new form of display technology invented by Samsung that combines millions of tiny LED pixels to create extraordinarily detailed and immersive visuals. MicroLED displays can provide real 8K resolution and have various advantages over typical LCD and OLED displays, including improved brightness, contrast, and colour accuracy.

8K Display Resolution Market Segment Insights:

8K Display Resolutions By Device Insights

The 8K Display Resolution Market segmentation, based on Device includes Televisions, Cameras, Monitors, Fulldome and Others. During the forecast period, the television segment is likely to lead in terms of revenue contribution to the worldwide 8K technology market, due to rising demand for higher resolution televisions internationally. Furthermore, rising technical advancements in televisions to improve visual experience are likely to drive sales growth in this segment throughout the forecast period.

Figure1: 8K Display Resolution Market, by Device, 2022&2032(USD Billion)

8K Display Resolution Market, by Device, 2022&2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

8K Display Resolutions By Resolution Insights

The 8K Display Resolution Market segmentation, based on Resolution, includes 8192 × 8192 resolution, 7680 × 4320 resolution, 8192 × 5120 resolution, 10240 × 4320 resolution, and 8192 × 4320 resolution. The 7680 × 4320 resolution segment is estimated to account for the greatest market share over the projection period due to increased use of 7680 × 4320 resolution in televisions. Furthermore, the use of 7680 4320 resolution in advanced monitors has increased.

8K Display Resolutions By Application Insights

The 8K Display Resolution Market segmentation, based on application, includes Education, Commercial Space, Advertisements, Retail, Consumer Electronics and Others. The commercial space market is one of the initially adopters of 8K display resolutions. This is because 8K displays provide exceptionally realistic and immersive graphics, making them perfect for applications such as digital signage, video walls, and shop displays.

8K Display Resolution Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Over the projection period, Asia Pacific is expected to have the greatest market share of the 8K Display Resolution Market. The existence of significant 8K TV manufacturing businesses in this region, as well as increased demand for 8K television, are some of the primary reasons driving the industry in this region's growth. Moreover, China’s8K Display Resolution Market held the largest market share, and the Indian8K Display Resolution Market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: 8K Display Resolution Market SHARE BY REGION 2022 (USD Billion)

8K Display Resolution Market SHARE BY REGION 2022

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe 8K Display Resolution Market accounts for the second-largest market share due of the high demand for 8K TVs in this market. Further, the German8K Display Resolution Market held the largest market share, and the UK 8K Display Resolution Market was the fastest growing market in the European region

The North America 8K Display Resolution Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increased demand for large-sized TVs with high resolution as well as the increasing expenditure in R&D in the region.

8K Display Resolution Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the 8K Display Resolution Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, 8K Display Resolution industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global 8K Display Resolution industry to benefit clients and increase the market sector. In recent years, the 8K Display Resolution industry has offered some of the most significant advantages to medicine. Major players in the 8K Display Resolution Market, including Canon Inc. (Japan), Samsung Group (South Korea), Dell (U.S.), BOE Japan Ltd. (Japan), Red Digital Cinema Camera Company (U.S.), Hisense Co. Ltd. (China) and others, are attempting to increase market demand by investing in research and development operations.

Samsung Electronics Co., Ltd. is a South Korean multinational electronics firm based in Yeongtong-gu, Suwon. It is now the crown jewel of the Samsung chaebol, accounting for 70% of the group's income in 2012. Lee Jae-yong, on the other hand, has indicated his goal to ensure that his offspring do not inherit major Samsung Electronics posts, which would dramatically alter the chaebol's inner workings. In August 2022, Samsung Electronics Co. Ltd announced a collaboration with Prime Video to offer unique 8K video on Samsung's cutting-edge screens. The company intends to sell its superior items all over the world. It has approximately 197 unlisted overseas subsidiaries throughout the United States, Europe/CIS, the Middle East & Africa, and Asia for product manufacturing, sales, and R&D.

LG Electronics Inc. is a South Korean multinational electronics corporation based in Yeouido-dong, Seoul. LG Electronics is a subsidiary of LG Corporation, South Korea's fourth largest chaebol, and is frequently seen as the group's apex, along with the group's chemical and battery branch LG Chem. Home entertainment, mobile communications, home appliances & air solutions, and automotive components are its four business units. In January 2023, LG Electronics Inc. has launched a new series of OLED televisions for 2023. Its Z3 series, a new range of 8K OLED TVs for 2023, is set to benefit for the first time from EX panels and heat sink technologies, making them brighter than earlier Z series models.

Key Companies in the 8K Display Resolution market include

  • Sharp Corporation (Japan),

  • Ikegami Tsushinki Co. Ltd. (Japan),

  • Canon Inc. (Japan),

  • Samsung Group (South Korea),

  • Dell (U.S.),

  • BOE Japan, Ltd. (Japan),

  • Red Digital Cinema Camera Company (U.S.),

  • Hisense Co. Ltd. (China),

  • LG Electronics Inc. (South Korea),

  • Sichuan Changhong Electric Co., Ltd (China)

8K Display Resolution Industry Developments

January 2024, Ahead of CES 2024, Samsung Electronics today revealed its most recent QLED, MICRO LED, OLED, and Lifestyle display lineups. The unveiling also marked the beginning of the AI screen era by introducing a next-generation AI processor that has the potential to alter how people see smart display capabilities completely. The new lines offer customers AI-powered features protected by Samsung Knox, centered on empowering and inspiring individual lives, in addition to better image and sound quality.

The latest Neo QLED 8K and 4K TVs from Samsung provide the whole package: realistic image quality, top-notch audio, and a wide selection of applications and services.

The NQ8 AI Gen3, Samsung's most recent and cutting-edge TV processor, powers the 2024 Neo QLED 8K. Its neural processing unit (NPU) is twice as quick as its predecessor's. Neural networks now have eight times as many as there are on screen (from 64 to 512), which makes everything visible in sharp detail. With this cutting-edge CPU, the 2024 range boasts performance improvements never seen before.

January 2023, Hisense has announced the release of a new 8K ultra short throw projector 2023 with major characteristics like as True RGB Triple Laser Light Source, Imax Enhanced Certification, Improved 3000:1 Contrast with Deeper Blacks, and more.

May 2023, At SID Display Week 2023, TCL CSOT unveiled a wide range of groundbreaking display breakthroughs, including Mini LED, Micro LED, OLED, and ink-jet printing technologies. The business displayed the world's first 65-inch 8K ink-jet printing flexible OLED display, bringing the industry's largest flexible OLED folding panel.

June 2022, Looking Glass Factory has unveiled the world's largest holographic display, a 65-inch, 8K resolution panel that is five times larger than any other 3D holographic display ever displayed. Every 60th of a second, the screen generates up to 100 different perspectives of 3D material from 100 million points of light and may be viewed by groups of up to 50 people.

8K Display Resolution Market Segmentation:

8K Display Resolution Market By Device Outlook

  • Televisions

  • Cameras

  • Monitors

  • Fulldome

  • Others

8K Display Resolution Market By Resolution Outlook

  • 8192 × 8192 resolution

  • 7680 × 4320 resolution

  • 8192 × 5120 resolution

  • 10240 × 4320 resolution

  • 8192 × 4320 resolution

8K Display Resolution Market By Application Outlook

  • Education

  • Commercial Space

  • Advertisements

  • Retail

  • Consumer Electronics

  • Others

8K Display Resolution Regional Outlook

    • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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