The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s report, the global 8K technology market will rise from $6.94 billion in 2022 to $10.38 billion in 2023, with a CAGR of 49.4%. The market size is projected to reach $48.3 billion in 2027, growing at a CAGR of 46.9%.

North America held the largest 8K technology market share, and Asia Pacific was the fastest-growing region in 2022.

8K Technology Market Driver

Increasing consumer electronics demand will boost the 8K technology market. Consumer electronics are devices for daily and professional use. 8K technology enhances visual experiences on these devices. For instance, in February 2023, the United States Census Bureau reported that 64% of American households used tablets in 2021, up from an average of 21% in 2019 to 24% in 2020. Furthermore, in April 2020, Consumer and Home Electronics GmbH, a Germany-based company, reported 31.2 billion Euros in consumer electronics sales in 2021, a 2.5% increase from 2020. Hence, the growing demand for consumer electronics drives 8K technology market growth.

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Key 8K Technology Market Segments

The global 8K technology market is segmented –

1) By Product: 8K Television, 8K Camera, 8K Monitors Or Laptops, 8K Projectors, Other Products

2) By Resolution: 7680 x 4320, 8192 x 8192, 8192 x 5120, 8192 x 4320

3) By End-User: Consumer, Sports And Entertainment, Healthcare, Other End-User

8K Technology Market Prominent Players

Major players in the 8k technology market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Sony Corporation, Panasonic Corporation, LG Electronics Inc., Canon Inc., BOE Japan Co. Ltd., Fujifilm Corporation, Sharp Corporation com LLC., MediaTek Inc., AU Optronic, AUO Corporation, Innolux Corp., ROHM. Co. Ltd., Novatek Microelectronics Corp., JVCKenwood Corporation, Vizio Inc., Leyard Optoelectronic, Hisense Co. Ltd., EIZO Corporation, ViewSonic Corporation, IMAX Corporation, Kinovis Inc., Red Digital Cinema, Macroblock Inc., Digital Projection Ltd., MainConcept GmbH, TP Vision, Joled Inc., and Spin Digital Video Technologies GmbH.

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Prominent 8K Technology Market Trend

Technological advancements are a prominent trend in the 8K technology market. Leading companies develop innovative technologies to maintain market positions. For instance, in November 2021, Taiwanese semiconductor companies MediaTek and TSMC unveiled the MediaTek Pentonic 2000, a flagship 7-nanometer 8K digital TV system-on-chip (SoC). Its notable features include exceptional performance and power efficiency with advanced artificial intelligence (AI) engines, versatile video coding (VVC) decoding, motion estimation and motion compensation (MEMC), and picture-in-picture (PiP) technology. It boasts an ultra-wide memory bus, fast UFS 3.1 storage, and compatibility with high-speed wireless connectivity like MediaTek Wi-Fi 6E or 5G cellular modems.

The 8K Technology Global Market Report 2023  provides comprehensive insights on the 8K technology market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the 8K technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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