8K Technology Market

8K Technology Market Outlook (2023-2033)

The 8K technology market is estimated to reach US$ 7,981.5 Mn in 2023. Over the forecast period, the 8K technology market is estimated to grow at a CAGR of 60.1% and projected reach the market valuation of US$ 874,812.2 Mn by 2033.

8K technology is the display technology that uses the highest resolution present in market as of today, the resolution is 7680 x 4320 pixels. The 8K UHD is twice that of 4K UHD in horizontal and vertical pixels. The technology provides image visualisation with high clarity and improved angles.

8K technology is used in commercial, consumer electronics, healthcare, and medical applications. Furthermore, 8K technology is experiencing increased demand in various applications that include the entertainment and education industries. High resolution, a fast response time, and better picture quality are some of the major advantages of the 8K technology.

The 8K technology market value was US$ 3,223.4 Mn in 2022. The market for 8K technology in North America held the largest market share of 25.4% in the global landscape in 2022 and is estimated to remain the global leader throughout the forecast period. The demand for 8K technology market in the South Asia and Pacific region is estimated to increase at a CAGR of 64.5% over the forecast period.

What Factors Will Drive the Demand for 8K Technology?

“Slower Growth Among Consumers, But A Faster Adoption Among Industries for the 8K Technology”

8K technology is the latest development in display screen technologies, and over the forecast period, this is estimated to displace 4K technology’s market dominance. However, it may not occur over the foreseeable future since this technology is highly expensive, reducing the potential market for this product. However, not every consumer may be able to purchase this technology. It can be afforded by enterprises for industrial purposes.

• In November 2022, Qualcomm introduced Snapdragon 8 Gen 2 chip that has 144 Hz display and 8K 60 FPS video. The new chipset is compatible with UFS 4.0 memory technology and provides better efficiency than its predecessors.
• In July 2022, Huawei collaborated with China Unicom Video Technology to launch Go3D Solution, which can automatically output 3D video streams for video-on-demand (VOD) and live TV services. Furthermore, the collaboration aims to provide 8K, VR, free-view, and multi-view live broadcast services at a variety of locations, including China's National Center for the Performing Arts, the National Theatre of China and the Guangzhou Opera House, thereby accelerating the adoption of 8k technologies.

Why US is Estimated to Dominate the 8K Technology Market?

“Technological Advancement Boosting 8K Technology in US”

US has a large population and has large scale industrialization, the population in US has the economic power to spend on expensive technologies. Due to this reason US is estimated to be a market for the forecast period of 2023 – 2033 and held the largest market share of 25.4% in 2022.

Why India Is Estimated to Be a Fast Growing Market for 8K Technology?

“Rising Urbanisation and a Growing Middle Class Improving Market for 8K Technology in India”

Rising urbanisation and a growing middle class in India are two major developments that could play an important role in determining the market growth of 8K technology. Rising urbanisation will expand the use of 8K technology beyond consumer purposes and expand its need for public and industrial purposes, while a growing middle class could help in the expansion of the target market for the 8K technology.

Due to these reasons, 8K technology market in India is estimated to grow at the fastest CAGR of 65.5%.

Why China is a Promising Market for 8K Technology Market?

“Large Scale Manufacturing of Electronic Devices, Driving Market for 8K Technology in China”

China is the most populated country globally, with large-scale urbanisation and large-scale manufacturing. The large population and urbanisation allow the 8K technology market to grow at a fast rate. Another factor that influences the growth of 8K technology in China is the presence of electronic manufacturers. Because China is a manufacturing hub, the hardware prices are lower, allowing the manufacturers to spend less money on the development of 8K technology.

For this reason, the 8K technology market is estimated to grow at a CAGR of 63.4% for the forecast period.

Category-wise Insights

Why 8K Television Technology Have the Largest Market Share for the 8K Technology Market?

8K technology is a relatively new display technology and televisions have been the one of the first applications of this technology. Apart from consumer purposes, the technology is also used for medical purposes, media and entertainment, commercial and industrial purposes.

For these reasons, the 8K technology market has the largest market share of 39.1% for 2022.

Why 8K Technology in Consumer Electronics the Largest Market Share by End Use?

8K technology has its applications in various technologies such as televisions, digital camera, 8K monitors, laptops and PCs, etc. These technologies are widely used by the end users and can even carry more than one. Due to the wide demand for consumer electronics across various regions. The market share for consumer electronics was estimated to be the largest for 2022 with a market share of 40.2%.

Competitive Landscape

Companies that develop and sell 8K technologies are primarily manufacturers of electronic devices, the major companies are large multi-national enterprises that cater to consumers, however they do develop technologies specific for industrial purposes.

• In May 2022, ETRI had launched the 8K-UHD media service technology to meet the North American broadcasting standards to the whole world. The ETRI team expects to accelerate technological innovation in the global 8K market by introducing domestic technology in the fields of next-generation ultra-high-resolution TV broadcasting and communication.
• In February 2022, Hisense had launched Hi-View HV8107, the first self-developed 8K AI Perceptual Processor to further sharpen the competitive edge in image quality. Such developments mark a significant step forward in the development and commercialization of 8K technology in Hisense's Ultra-High-Definition (UHD) video industry.

Recent developments related to key players providing 8K Technology solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Business Transcription Industry Report Scope

Key Segments of 8K Technology Industry Research

By Product:

• 8K Television
• 8K Camera
• 8K Monitors/Laptops
• 8K Projectors
• Others

By End Use:

• 8K Technology in Consumer Electronics
• 8K Technology in Media, Advertising & Entertainment
• 8K Technology in Medical & Healthcare
• 8K Technology in Education
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa

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