According to a market report by Lucintel, the future of the global 8K technology market looks promising with opportunities in the healthcare and medical, consumer electronic, and commercial applications. The global 8K technology market is expected to reach an estimated $56.1 billion by 2028 with a CAGR of 35% from 2023 to 2028. The major drivers for this market are growing demand for 8K UHD display, increasing adoption for smart 8K-based TVs, and rising penetration this technology in the gaming industry.
In this market, monitor, television, camera, and full dome are the major segments of 8K technology market by device. Lucintel forecasts that televisions will remain the largest device segment over the forecast period due to increasing demand for televisions with higher resolution and improved visuals.
Within this market, consumer electronics will remain the largest segment due to the growing interest in smartphones with 8K video recording capabilities and increasing adoption of 8K in a variety of electronics, such as televisions, digital cameras, 8K monitors, PCs, and laptops.
APAC will remain the largest region over the forecast period due to introduction of the first 8K channel in Japan and presence of key consumer electronics producers and exporters in the region.
BOE Japan, Canon, Dell Technologies, Hisense, and Ikegami Tsushinki are the major suppliers in the global 8K technology market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global 8K technology market by device, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global 8K Technology Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global 8K technology market by device, application, and region, as follows:
8K Technology Market by Device [Shipment Analysis by Value from 2017 to 2028]:
Monitor
Television
Camera
Full Dome
Others
8K Technology Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Healthcare and Medical
Consumer Electronics
Commercial
Others
8K Technology Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global 8K technology market by device (monitor, television, camera, full dome, and others), application (healthcare and medical, consumer electronics, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?