Global 8K Market to Grow at a CAGR of 30.8% During 2024-2032, Aided by the Increasing Demand for Ultra High-Resolution Displays

The global 8K market growth is driven by the increasing demand for ultra-high resolution displays due to the rising number of gamers, larger screen sizes, and significant technological advancements. Additionally, the demand for 8K content is rising, and the prices for the technology are witnessing a decline. 8K technology represents a cutting-edge display resolution format renowned for its exceptionally high pixel count. 8K resolution, which is sixteen times that of standard Full HD (1080p) screens, appeals to consumers seeking immersive home entertainment and gaming experiences, particularly as screen sizes continue to grow. Home theatres and premium TVs benefit greatly from the increased pixel density. Furthermore, there is a growing demand for 8K content, propelled by professionals in filmmaking, broadcasting, and content creation. Industries requiring precise visualisation, such as healthcare, design, and engineering, rely heavily on 8K displays for accurate representation. Ongoing advancements in upscaling algorithms, colour accuracy, and refresh rates further enhance the 8K viewing experience, contributing to a positive market outlook globally.

Fig: Age Population Coverage by Technology, 2018-2029

 
The surge in demand for 8K resolution is driven by advancements in broadcast and display technologies, aiming to elevate viewer experiences. The global expansion of 5G is accelerating, with approximately 280 networks deployed worldwide. By the end of 2023, 5G population coverage is expected to reach around 45%, rising to about 85% by 2029. Mid-band 5G coverage has reached about 40% globally, with significant variability across regions. Legacy 2G and 3G network shutdowns are not anticipated to affect overall network coverage, as spectrum will be repurposed for newer technologies.

Innovations in OLED and QLED, HDR, and colour accuracy are amplifying the appeal of 8K displays. Improved broadcasting technologies like fibre optics and 5G networks are enabling efficient transmission of 8K content, facilitating wider distribution.

The expanding adoption of 8K resolution devices spans various sectors, including healthcare. The intricate detail offered by 8K supports early disease detection, enabling the identification of smaller tumours in cancer screenings. In surgical settings, 8K technology provides surgeons with exceptionally clear and detailed images, facilitating precise and minimally invasive procedures. The integration of 3D technology enhances visualisation, aiding surgeons in complex medical interventions and driving growth in the medical sector.

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Market Breakup by Product, End Use, and Region:

• The market is segmented based on product into camera, monitor, television, and projector, among others.

• Based on end use, the market can be divided into consumer electronics, medical industry, and sports and entertainment industry, among others.

• By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global 8K market is driven by the increasing demand for ultra-high resolution displays from the gaming sector along with changing consumer preferences.

• The 8K resolution technology is witnessing heightened demand owing to the technological advancements in the broadcast and display technologies targeted to improve viewership experience.

• Increasing adoption of 8K technology in the healthcare sector for improved services, such as early disease detection, identification of smaller tumours in cancer screenings, and integration of 3D technology for better visualisation, is driving the market.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for 8K for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product, end use, and major regions of the global 8K market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global 8K market are Samsung Electronics Co. Ltd., LG Electronics Inc., Sony Corporation, Canon Inc., Dell Technologies Inc., Sharp Corporation, RED Digital Cinema, LLC, Hisense International Co., Ltd., Panasonic Holdings Corporation, and Digital Projection Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.