Growing Demand for Better Display Screen
In order to provide customers the with enhanced screen experience many companies are coming up with advanced products every day. Rising technological advancements and persistent rise in complexity of technological solutions is also playing a key role in growth of 8K technology. Firms, such as Sony has displayed a prototype of HDR 8K display with 10,000 Nits Luminance in 2018, which has extremely high luminance and it also packs bunch of other important technologies to keep the contrast ratio high.
Consumer Electronics is set to become the fastest growing segment
Consumer Electronics is expected to witness substantial growth mainly due to increasing demand for large screen and high definition televisions. 8K market offers over sixteen times the resolution of 1080p full HD both horizontally and also vertically. Also, increasing demand for large display television leads to growing demand for high resolution content. Companies, such as LG has announced the launch of 8K OLED TV and is also accelerating its R&D into OLED in order to continuously innovate to provide customers with differentiated products.
North America to Lead the Market
North America is accounted to hold the largest market share during the forecast period especially countries, such as U.S and Canada are anticipated to drive the growth of the 8K market owing to the presence of a large number of key players, such as Dell and Red Digital Cinema Camera Company, among others. Also, U.S. is leading the market due to technological advancements and increasing demand for high resolution display screens.
Key Developments in Market
- February 2018 - Panasonic has developed a new technology which enables 8K high resolution and high picture quality imaging without motion distortion, even in bright scenes
- January 2018 - Samsung unveiled its 8K QLED smart TV based on AI technology. The technology is based on machine learning that analyzes content and automatically upscale low-resolution images into 8K picture quality
Reasons to Purchase this Report
- To understand the impact of 8K market in consumer electronics sector
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating technology in the market
- The Region that is expected to witness the fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
- The report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Growing Demand for Better Display Screens
4.2.2 Growing Demand in Consumer Electronics Market
4.2.3 Increasing Technological Advancements
4.3 Factors Restraining the Market
4.3.1 High Price of the Product
4.3.2 Increased Computational Complexity
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
5. Global 8K Market Segmentation
5.1 By Resolution
5.1.1 7680 × 4320 Resolution
5.1.2 8192 × 4320 Resolution
5.1.3 8192 × 5120 Resolution
5.1.4 8192 × 8192 Resolution
5.2 By Device
5.3 By Application
5.3.2 Consumer Electronics
5.3.5 Commercial Space
5.4 By Region
5.4.1 North America
5.4.4 Rest of World
6. Competitive Intelligence - Company Profiles
6.1 Samsung Group
6.2 Dell Inc
6.3 Hisense Co. Ltd.
6.4 LG Electronics Inc.
6.5 Red Digital Cinema Camera Company
6.6 Sharp Corporation
6.7 Canon Inc.
6.8 Ikegami Tsushinki Co. Ltd.
6.9 BOE Japan Co. Ltd.
6.10 Panasonic Corporation *List not exhaustive
7. Investment Analysis
8. Future Outlook of 8K Market