8K display resolution market Report Overview
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The global 8K display resolution market size was USD 8455.2 million in 2020 and is expected to reach USD 117250 million in 2027, exhibiting a CAGR of 55.0% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with 8K display resolution market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
8K display resolution refers to a display resolution that contains approximately 8,000 horizontal pixels. It is one of the highest resolutions available for consumer displays and is often used in high-end televisions and computer monitors. The higher pixel density of 8K displays results in sharper and more detailed images. This makes them particularly well-suited for large screens, as the increased pixel count minimizes the visibility of individual pixels.
The 8K display resolution market is expected to grow, but it is primarily focused on high-end applications due to the demanding hardware requirements and limited availability of 8K content. Advancements in display technology, such as OLED and microLED, are paving the way for more affordable and higher-quality 8K displays.
COVID-19 Impact: Pandemic Hampered the Market Demand Due to Supply Chain Disruptions
The COVID-19 pandemic disrupted global supply chains, affecting the production and distribution of electronic components, including 8K display resolutions. Delays in the manufacturing and shipping of 8K display panels and related components could have impacted the market. The pandemic prompted changes in consumer behaviour, including increased demand for home entertainment and remote work solutions. This shift may have boosted sales of high-quality displays, including 8K TVs and monitors, as people invested in better home entertainment and productivity setups. The economic repercussions of the pandemic varied by region and over time. In some cases, economic uncertainty and job losses may have led to reduced consumer spending on non-essential items, including high-end display technology. Events like CES (Consumer Electronics Show) and other technology expos were cancelled or held virtually due to the pandemic, impacting the visibility and promotion of new 8K display products.
Latest Trends
"Increasing Adoption in Various Industries to Fuel Market Growth"
Consumer electronics manufacturers, such as Samsung, LG, and Sony, were introducing 8K televisions, and the adoption of 8K resolution in the consumer market was expected to grow, especially in larger screen sizes. As 8K content creation tools and cameras became more accessible and affordable, content creators were starting to produce more 8K content. This includes both video content for streaming platforms and photography. The gaming industry was exploring 8K display resolution to provide more immersive and detailed gaming experiences. High-end gaming PCs were being built to support 8K gaming, and gaming consoles were rumored to be considering 8K support. In addition to consumer applications, 8K displays found uses in professional sectors such as healthcare (medical imaging), industrial design, and video production, where high-resolution screens were critical. Many 8K TVs and displays were incorporating AI upscaling technology to convert lower-resolution content to 8K. This was a way to make the most of 8K displays even when native 8K content was limited.
8K display resolution market Segmentation
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- By Type Analysis
According to type, the market can be segmented into 65 Inch, 98 Inch, Other.
- By Application Analysis
Based on application, the market can be divided into household, commercial.
Driving Factors
"Growing Consumer Demand to Drive Market Growth"
Consumers are increasingly looking for higher-resolution displays, especially in larger screen sizes. The 8K display resolution market growth is driven by a desire for better image quality in various applications, such as home entertainment, gaming, and professional content creation. As more 8K content becomes available, including movies, TV shows, and online videos, there's a growing incentive for consumers to invest in 8K displays to fully enjoy this content. Content providers are producing more 8K material to meet this demand. The gaming industry is another significant driver of 8K display adoption. Gamers demand higher resolutions and refresh rates to enhance their gaming experiences. As gaming hardware evolves to support 8K, so does the market for 8K displays.
"Technological Advancements to Accelerate Market Demand"
Continuous advancements in display technology have made it possible to manufacture 8K display resolution at a more reasonable cost. As manufacturing processes improve, the affordability of 8K displays increases, making them more accessible to consumers. 8K displays have applications in various professional and industrial settings, such as medical imaging, design and content creation, video production, and data visualization. These sectors are adopting 8K displays for the precision and detail they provide. Larger screen sizes, often associated with 8K displays, enhance the immersive experience in applications like home theatres, commercial displays, and digital signage. This larger format is favoured by many industries.
Restraining Factor
"High Costs to Restrict Market Growth "
8K display resolutions are considerably more expensive than their lower-resolution counterparts. This high cost can be a significant barrier to adoption for both consumers and businesses. There is a shortage of native 8K content. Most media, including streaming services, are still primarily in lower resolutions such as 1080p and 4K. Without sufficient 8K content, consumers may be reluctant to invest in 8K displays.
8K display resolution market Regional Insights
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"North America Anticipated to Drive Market Expansion owing to Presence of Key Players "
North America holds leading position in 8K display resolution market share. The USA had several major technology companies working on 8K displays, including Apple, which had been developing 8K display technologies for its devices. The region is also an important consumer market for 8K TVs, especially in regions with a higher disposable income.
Key Industry Players
"Adoption Innovative Strategies by Key Players Influencing Market Growth"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.
The top key players in the market are Samsung, LG, Sharp, Hisense, Konka, Changhong, Skyworth. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.
List of Market Players Profiled
- Samsung (South Korea)
- LG (South Korea)
- Sharp (Japan)
- Hisense (China)
- Konka (China)
- Changhong (China)
- Skyworth (China)
Report Coverage
This report examines an understanding of the 8K display resolution market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 8455.2 Million in 2020 |
Market Size Value By |
US$ 117250 Million by 2027 |
Growth Rate |
CAGR of 55% from 2020 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global 8K display resolution market expected to touch by 2027?
The global 8K display resolution market is expected to touch USD 117250 million by 2027.
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What CAGR is the 8K display resolution market expected to exhibit during 2022-2027?
The 8K display resolution market is expected to exhibit a CAGR of 55.0% over 2022-2027.
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Which are the driving factors of the 8K display resolution market?
Growing consumer demand and technological advancements are the driving factors of the 8K display resolution market.
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Which are the top companies operating in the 8K display resolution market?
Samsung, LG, Sharp, Hisense, Konka, Changhong, Skyworth are the top companies operating in the 8K display resolution market.