The global 8K Technology market is anticipated to grow at a CAGR of 45.5% during the forecast period. 8K resolution provides a much higher level of visual detail compared to lower resolutions such as 4K. It has 4 times the number of pixels as 4K, resulting in sharper images and finer details. This has created excitement among consumers, leading to increased demand for 8K TVs. The availability of 8K content from creators and streaming platforms is another factor motivating consumers to upgrade their TV sets. Furthermore, the rising competition among manufacturers is driving the innovation and technological advancements in 8K display technology, which in turn will propel the overall market growth. The launch of 8K televisions raises awareness and generates interest in 8K technology, fueling the growth of the 8K technology market. For instance,
- In June 2023, Xiaomi launched Mi TV Lux Ultra. The Xiaomi Mi TV Lux Ultra is a high-end television with an 8K OLED display, 5G connectivity, and a price starting at $7,330. It features a large 82-inch screen, 120 Hz refresh rate, and multiple ports for connectivity.
- In October 2020, Sony launched its first 8K TV in India, the Sony Z8H 8K LED TV (85Z8H). It features an 85-inch screen size and Ultra HD 8K resolution, providing a high level of detail and clarity. The TV is a smart TV powered by Android TV and includes a 4-speaker system for immersive sound. It also offers 4 HDMI ports for connectivity and has a sleek design with Full Array LED backlighting and HDR technology.
- In September 2020, Xiaomi launched an 82-inch 8K TV with mini-LED technology and 5G connectivity. It is the world’s first mass-produced 5G/8K mini-LED TV. The TV features a 10-bit panel with HDR10, Dolby Vision, and 98% DCI-P3 color gamut. It is currently available in China for approximately $7,200.
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Apart from this, widespread adoption of 8K may take time due to higher costs and limited native 8K content.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Product Type
- By Industry Vertical
- By Sales Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape-includes as LG Electronics Inc., Panasonic Corp., Samsung Electronics Co., Ltd., Sony Group Corp., and Panasonic Corp., among others.
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8K Technology Market Report Segment
By Product Type
- Television
- Projector
- Professional Camera
- Monitor and Notebook
By Industry Vertical
- Entertainment Industry
- Medical Industry
- Education Industry
- Others (Hospitality, Retail, Defense, and Corporate)
By Sales Channel
- Direct Channel
- in-Direct Channel
8K Technology Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Acer Inc.
- Arçelik A.?
- AsusTek Computer Inc.
- BenQ Corp
- BOE Technology Group Co., Ltd.
- Canon Inc.
- Changhong Electric Co., Ltd.
- Haier Group Corp.
- Hisense India Pvt. Ltd.
- HP
- Koninklijke Philips N.V.
- NEC Corp.
- Philips
- Skyworth Group
- TCL GLOBAL
- Toshiba Corp.
- Vizio Inc.
- Xiaomi Corp.
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