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8K Display Resolution Market 2018 Stunning ahead of this time| Analytical Overview, Historical Analysis and Gross Profit | Perceive Highest Value with a Growing CAGR(February 08, 2018)
8K Display Resolution Global Market - Overview
The global 8K display resolution market is showing immense growth; mainly due to the growing need for high resolution display devices and increased demand for enhanced content creation. Steep increase in the demand for better display screens is one major factor driving the growth of 8K display resolution market. Dell, Samsung Group, Hisense Co. Ltd., LG Electronics Inc., Sichuan Changhong Electric Co., Ltd, BOE Japan, Co. Ltd., Sharp Corporation, Ikegami Tsushinki Co. Ltd., and Canon Inc. are the major investors in the 8K display resolution market. Various companies are coming up with new products with advanced displays every day. Samsung, Dell, Philips, Sony have already entered the 8K display resolution market with their significant products.
Based on application, consumer electronics is expected to grow at a significant rate during the forecast period. This is owing to the increasing demand for large screen and high definition televisions. 8K display resolution market offers just over sixteen times the resolution of 1080p full HD both horizontally and also vertically. According to a recent study report published by Market Research Future, The global market of 8K display resolution is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
With increase in demand for large display televisions, there has been considerable increase in the demand for high resolution content. Also, technological advancements and persistent rise in the complexity of technological solutions is one major factor responsible for driving the growth of 8K display resolution market. On the other hand, high costs and lack of awareness are major factors hindering the growth of 8K display resolution market. Also, increased computational complexity is another major factor that may hamper the market growth.
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Samsung Group (South Korea), Dell (U.S.), Hisense Co. Ltd. (China), LG Electronics Inc. (South Korea), Sichuan Changhong Electric Co., Ltd (China), BOE Japan, Co. Ltd. (Japan), Red Digital Cinema Camera Company (U.S.), Sharp Corporation (Japan), Ikegami Tsushinki Co. Ltd. (Japan), and Canon Inc. (Japan) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global 8K Display Resolution Market.
Major factors driving the growth of 8K display resolution market are the growing demand in the consumer electronics market segment. The 8K display resolution market has been segmented on the basis of device, resolution and application.
Jan 2018 – Sony displays a prototype of full spec HDR 8K display with 10,000 Nits Luminance at CES 2018. The display’s major feature is extremely high luminance and it also packs a bunch of other important technologies, including a new SoC and a new method to keep the contrast ratio high. The product is named “X1 Ultimate Full-Spec HDR 8K Display”.
Jan 2018 – Philips demos its 328P8K which is an 8K UHD LCD with Webcam and Docking. Philips is the second mass-market brand to announce an 8K monitor after Dell. The primary target audiences for the 328P8K and the UP3218K are designers, engineers, photographers and other professionals looking for maximum resolution and accurate colors.
Jan 2018 – Samsung and LG show off huge 8K TVs at CES 2018. Samsung Electronics has introduced the AI technology for its new 85-inch 8K QLED TV at its product unveiling. The AI technology based on machine learning analyzes content and automatically upscales low-resolution images into 8K picture quality. Samsung’s AI technology is capable of transforming any video content into 8K display resolution content.
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8K Display Resolutions Global Market - Competitive Analysis
The market of 8K display resolution appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
8K Display Resolution Global Market - Regional Analysis
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the 8K display resolution market in North America owing to the presence of a large number of established key players such as Dell and Red Digital Cinema Camera Company among others. Also, U.S. is leading the market in North America due to the technological advancements and increasing demand for high resolution display screens in the region. 8K Display Resolution market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in demand for efficient display devices in China and India in the region. Also, the presence of established key players such as Samsung Group, Hisense Co. Ltd., LG Electronics Inc., Sichuan Changhong Electric Co., Ltd, BOE Japan, Co. Ltd., Sharp Corporation, Ikegami Tsushinki Co. Ltd., and Canon Inc. is responsible for fuelling the growth of 8K display resolution market. Whereas, the Europe market for 8K display resolution is expected to grow at a considerable CAGR (2017-2023).
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