As per Persistence Market Research’s analysis on the 8K display technology market projected to surge massively at 45.5% CAGR through 2031.
8K technology products comprise nearly 10% of the global display technology market in 2021. 8K technology offers myriad of benefits over conventional displays such as high resolution picture. Ultra-high Definition (UHD) display and high-definition 8K content is far superior as compared to the resolution of 4K display technology. 8K televisions are set to enjoy the largest market share, while demand for 8K cameras is forecast to surge at 54% CAGR from 2021-2031.
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Will Advancements in Display Technology Drive Market Growth?
Over the past few decades, technological advancements have come a long way and are further expected to increase at a higher pace over the coming years. With new innovations and developments being made, most tech companies are jumping on the bandwagon for being the first to develop latest inventions. All heavy-hitting technology players have one thing in common, which is resolution, at the time of releasing new devices, which is a key point as one of the selling features.
Display technology is evolving at an exponential level. The shining outlook of 8K display resolution used in televisions is the biggest buzz to hit the electronics world in recent years. Higher resolution is creating a new immersive user experience. This technology represents a major step toward an immersive experience for consumers as far as electronic devices are concerned.
8K resolution technology can be simply seen as the next stage in the SD→HD→4K→8K trend, as it assures to offer significant performance enhancements. Display technology advancements have created a positive outlook for 8K market growth.
8K imaging systems have a high pixel count, which is favored over conventional imaging techniques, as they entail advanced picture technology. High-resolution TVs and large screens provide better quality and realistic images and an enhanced viewing experience.
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Competitive Landscape
Companies providing 8K technology solutions are aiming at product innovation and strategic partnerships with other vendors to develop their product portfolios while addressing the demand of an expanding customer pool. Introduction of new products and strategic partnerships are frequent in this landscape.
- In January 2017, Dell Technologies launched the first 8K 32-inch monitor. The new product can show 16X clearer content than full-HD and four times more than Ultra HD 4K resolution. It offers a pixel density of 280ppi and over 33.2 million pixels of resolution.
- In October 2021, Nuance Communications Inc. announced a partnership with B&H. This partnership helped the company utilize non-full-frame lenses in S35 mode, and the camera has built-in features to make internal adjustments to accommodate a wide range of lenses.
8K technology product manufacturers are also focusing on entering into partnerships with technology and digital solution providers to target new innovations within the market. This strategy helps companies broaden their geographic reach with additional service portfolios.
Companies
- Dell Technologies
- Red Digital Cinema
- Viewsonic
- Panasonic
- Ikami Electronics
- Digital Projection
- TP Vision
- Samsung Electronics
- LG Electronics
- Sony Corporation
- Sharp Corporation
- Canon Inc.
- Innolux Corp.
- BOE Technology
- AU Optronic
- JVC Kenwood
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Categorization of 8K Technology Industry Research
Product
- 8K Television Technology
- 8K Camera Technology
- 8K Monitors/Laptops
- 8K Projectors
- Others
End Use
- 8K Technology in Consumer Electronics
- 8K Technology in Media, Advertising & Entertainment
- 8K Technology in Medical & Healthcare
- 8K Technology in Education
- Others
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