8K Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The 8K Market is Segmented by Device (Monitor, Television, Camera, and Full Dome), Application (Healthcare, Consumer, Commercial, and Other Applications), and Geography (North America, Europe, Asia Pacific, and Rest of the World).

Market Snapshot

8K Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 32.9 %

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Market Overview

The 8K market is expected to witness a CAGR of 32.9% over the forecast period (2021 - 2026).

  • The advancements in display technology and the increase in demand for high-resolution TVs among consumers create a positive outlook for the growth of the 8K market. The large-screen and high-resolution TVs offer better quality and realistic images and an enhanced viewing experience.
  • Furthermore, the 8K imaging systems have a high pixel count, which is preferred over the traditional imaging techniques. The high resolution afforded by 8K technology provides a level of detail used for telemedicine and by surgeons and medical students over remote connections. This is driving the adoption of 8k technology in healthcare. Thus, the demand for 8K technology in healthcare is propelling the market.
  • However, on the flipside, 8K content availability is restraining the market growth. Additionally, the high cost related to 8K technology-based products is challenging the market.

Scope of the Report

8K technology, commonly referred to as ultra-high definition technology, offers a resolution of 7680 x 4320 pixels. 8K technology is being implemented in different resolutions, and 8K is a higher resolution standard than 4K. 8K technology is experiencing increasing applications in different fields, such as healthcare and medical, entertainment, and commercial industries. Furthermore, the 8K market has bright prospects in the consumer electronics segment. Products, like cameras, TVs, and monitors, along with projectors and large commercial displays, are being developed with 8K capabilities for the mass market.

By Device
Monitor
Television
Camera
Full Dome
By Application
Healthcare
Consumer
Commercial
Other Applications
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of Asia Pacific
Rest of the World
Latin America
Middle-East and Africa

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Key Market Trends

Television Segment is Expected to Have Significant Growth

  • With the help of advanced facilities, companies produce very large LCD sheets, called mother glass, from which TV display panels are cut. As a result, bigger TV panels can be produced with less waste, helping to drive down costs and consumer prices.
  • Moreover, according to Samsung, people have moved from 32 inches to 55 inches, as the average screen size now. This is a trend toward larger screen technologies, as the big bezels and backs that often came attached to the display itself have disappeared. Thus, people can fit large-screen TVs in the same amount of space, indicating that the average display size has quickly shot up.
  • Furthermore, 8K technology provides display video at 120 frames per second rather than the current 60 frames per second. Thus, sports networks are especially interested in this technology. By doubling the number of frames displayed each second, it can help reduce motion blur during fast-moving action.
  • The demand for 8K Ultra HDTV in the United States is increasing Y-o-Y. They are the early adopters of this technology. Thus, the above factors are expected to have a positive outlook in the 8K television market.
8K Market Key Trends

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Asia Pacific to Witness the Fastest Growth

  • In the Asia-Pacific region, China and Japan dominate the 8K technology market. China is emerging as a leading consumer product manufacturing hub, with local players expanding their market share in all segments. Therefore, China is expected to witness high growth in the 8K technology market.
  • Japan introduced a broadcast channel dedicated to 8K content, and this gives an in-depth look at the complicated requirements. To enjoy 8K media, one may need an 8K TV, a dedicated satellite to receive the transmission, and in some cases, a replacement for boosters and distributor boxes. Additionally, Japan is pioneering this technology with plans to broadcast the 2020 Olympics in 8K.
  • Therefore, China and Japan are expected to be among the highest growth registering countries in the 8K technology market. Thus, these factors are expected to result in the Asia-Pacific region, witnessing the fastest CAGR among all other regions during the forecast period.
8K Market Growth Rate By Region

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Competitive Landscape

The 8K market is highly fragmented and competitive because of the presence of major players. Some companies, like Samsung Electronics, LG Electronics, Sony Corporation, Sharp Corporation, Canon Inc., Red Digital Cinema, and Dell Technologies, are the major players in the 8K technology market. These players focus on strengthening their presence in the 8K technology market to meet the increasing demand from the consumer electronics industry, with high demand for better display screens and technological advancements in micro-LEDs.

  • January 2019: Samsung Electronics showcased a 98-inch QLED 8K TV at CES 2019. It features a resolution of 7680Hx4320, high light output, and full-array local dimming.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for High-end Display in Consumer Electronics Market

      2. 4.2.2 Increasing Technological Advancements in Camera and Data Transfer Technology

    3. 4.3 Market Restraints

      1. 4.3.1 High Price and Prime Costing of 8K Products

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Buyers/Consumers

      2. 4.5.2 Bargaining Power of Suppliers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device

      1. 5.1.1 Monitor

      2. 5.1.2 Television

      3. 5.1.3 Camera

      4. 5.1.4 Full Dome

    2. 5.2 By Application

      1. 5.2.1 Healthcare

      2. 5.2.2 Consumer

      3. 5.2.3 Commercial

      4. 5.2.4 Other Applications

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 South Korea

        4. 5.3.3.4 Rest of Asia Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Latin America

        2. 5.3.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 BOE Japan Co. Ltd

      2. 6.1.2 Canon Inc.

      3. 6.1.3 Dell Inc.

      4. 6.1.4 Hisense Co. Ltd

      5. 6.1.5 Ikegami Tsushinki Co. Ltd

      6. 6.1.6 LG Electronics Inc.

      7. 6.1.7 Panasonic Corporation

      8. 6.1.8 Red Digital Cinema Camera Company

      9. 6.1.9 Samsung Group

      10. 6.1.10 Sharp Corporation

    2. *List Not Exhaustive
  7. 7. INVESTMENT OUTLOOK

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The 8K Market market is studied from 2018 - 2026.

The 8K Market is growing at a CAGR of 32.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Canon Inc, Dell Inc, LG Electronics Inc., Samsung Electronics Co. Ltd, Panasonic Corporation are the major companies operating in 8K Market.

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