The global 8K display resolution market is expected to exhibit a strong CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global 8K display resolution market is majorly driven by the growing demand for higher resolution on TVs and other display units from consumers, which has been a steady factor behind the growth of the display market in the last few years.
The growing demand from consumers comes from the basis on the increased engagement felt with the subject matter in display resolutions that do justice to it. The increasing popularity of TV shows and web series among the millennial population in the 18-30 demographic has been a major driver for display units, as many people now see a high-resolution display unit as a viable and highly profitable investment. The rising income of the urban population and the growing share of the young demographic in the global urban population is likely to drive the global 8K Display Resolution Market at a steady growth rate over the forecast period. The growing demand for smart TVs and further technological development in display technology is likely to fund investment from leading market players, ensuring steady growth of the global 8K display resolution market over the forecast period.
However, the high data volume of 8K resolution videos is likely to restrict their demand in the coming years. Major applications of 8K resolution displays include personal monitors and TV sets, in addition to mobile phones, advertising hoardings, and retail displays.
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The prominent players in 8K Display Resolution Market are – Samsung Group (South Korea), Dell (U.S.), Hisense Co. Ltd. (China), LG Electronics Inc. (South Korea), Sichuan Changhong Electric Co., Ltd (China), BOE Japan, Co. Ltd. (Japan), Red Digital Cinema Camera Company (U.S.), Sharp Corporation (Japan), Ikegami Tsushinki Co. Ltd. (Japan), Canon Inc. (Japan), among others.
Global 8K Display Resolution Market – Segments
The global 8K resolution display market is segmented on the basis of the following:
- On the basis of device, the global 8K display resolution market is segmented into monitors, televisions, cameras, fulldome, and others.
- By resolution, the global 8K display resolution market is segmented into 10240 X 4320, 8192 X 4320, 7680 X 4320, 8192 X 5120, and 8192 X 8192.
- By application, the global 8K display resolution market is segmented into retail, consumer electronics, advertisements, education, commercial, and others.
Global 8K Display Resolution Market – Regional Analysis
Asia Pacific is likely to hold the dominant share of the global 8K display resolution market over the forecast period due to the growing demand for premium display tech in emerging regions such as Japan, South Korea, China, Taiwan, and India. The growing manufacturing industry in East Asia and its increasing emphasis on the consumer electronics sector is also a major driver for the 8K display resolution market in Asia Pacific. The consumer electronics industry has emerged as a highly profitable venture avenue for players in the Chinese, Japanese, and South Korean markets, with many global leaders in the electronics sector coming from these three countries. This has driven technological progression in the consumer electronics industry in the region, with many leading players standing to gain significantly from product innovation resulting in higher revenue.
The increasing demand for high-resolution displays on smartphones is also likely to be a major driver for the global 8K display resolution market over the forecast period. The increasing income of consumers and their increasing willingness to spend higher amounts on smartphones is likely to be a key driver for the global 8K display resolution market over the forecast period.
North America is also likely to exhibit rapid growth over the forecast period due to the growing demand for high-end electronics in the U.S. and Canada.
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