8K Display Resolution Market
8K display resolution is helming the UHD-2 technology and displays the number of pixels of 4K displays. The changing landscape of viewing pictures and evolution of display technologies may provide a gamut of opportunities to this nascent technology. The global 8K display resolution market report by Market Research Future (MRFR) focuses on drivers, challenges, trends, and opportunities for TV, camera, and smartphone manufacturers during the forecast period (2020-2027). The COVID-19 pandemic and its effects on the industry are explored in the report.
Market Scope
The global 8k display resolution market is expected to gain huge demand over the forecast period owing to rise in expendable income levels of customers and wide range of options in the consumer electronics space. The higher resolution of 8K and support for effective audio channels can attract customers and drive market growth. Advances in display technologies, government support in terms of incentives, and delivery of content in 8K can induce additional market demand.
The COVID-19 pandemic has negatively affected the market revenues as consumer shift towards healthcare took top priority. The losses faced by customers and strain of healthcare expenses had created negative demand for the market. However, use of digital marketing and spending on traditional modes of advertising by 8K display manufacturers can renew market demand.
But unwillingness of customers to spend on hi-resolution 8K displays can restrain market growth.
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Segmentation
Based on the device segmentation, the 8K display resolution industry is segmented into fulldome, televisions, cameras, monitors, and many others. Televisions are expected to fetch the highest market demand in the market over the forecast period. The huge slew of content on OTTs and sports channels can facilitate the segment growth.
The resolution segment of the 8K Display Resolution industry is classified into various resolutions such as 8192 × 8192 resolution, 8192 × 5120 resolution, 7680 × 4320 resolution, 10240 × 4320 resolution, and 8192 × 4320 resolution. The most popular one across the world is 33.2 megapixels with 7680 x 4320 pixels that is 4320p. The trend of larger resolutions by customers and display of higher video frames per second and reduction of motion blur can lead to interest among sports channels.
The 8K display resolution market has different applications in industrialists, consumer electronics, education, commercial space, advertisements, retail, and others. Industrialists are likely to command a huge share of the market owing to installation of large screens at large sites for monitoring of processes. On the other hand, the education sector may exhibit a strong growth rate over the forecast period.
Regional Analysis
North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW) are regions covered with respect to the global 8K display resolution market.
APAC is expected to capture a large market share over the forecast period owing to presence of reputed manufacturers. Japan and China can contribute the most to the regional market revenues owing to programs such as Summer Olympics. Rollout of 5G services and penetration of streaming services can provide new growth opportunities to the 8k display resolution market. Installation of 8K screens in theaters and delivery of content in 8K resolution by sports and entertainment channels can favor the market growth.
North America is projected to be lucrative for the 8K display resolution market owing to early adopters of the technology in the U.S. Launch of satellite services in 8K and television sets can influence the market’s penetration over the forecast period.
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Competition Analysis
Red Digital Cinema Camera Company, Samsung Group, Canon Inc., LG Electronics Inc., Dell, Sharp Corporation, Ikegami Tsushinki Co. Ltd., Hisense Co. Ltd., Sichuan Changhong Electric Co., Ltd, and BOE Japan, Ltd. are key players of the global 8K display resolution market. Mergers and acquisitions are strategies pursued by players to gain control of the market.
Industry news
The QN700, a new QLED 8K TV by Samsung Corporation, has been launched in variants of 55, 65, and 75 inches with resolution display based on quantum dot LED LCD imaging process.
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