Global 8K Technology Market 2023-2030

Global 8K Technology Market 2023-2030

Global 8K Technology Market Size, Share & Trends Analysis Report by Product Type (Television, Projector, Professional Camera, and Monitor and Notebook), by Industry Vertical (Entertainment Industry, Medical Industry, Education Industry, and Others), and by Sales Channel (Direct Channel, and In-Direct Channel) Forecast Period (2023-2030)

The global 8K Technology market is anticipated to grow at a CAGR of 45.5% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for high-resolution displays, technological advancements in display technologies, and the rising adoption of 8K displays in various industry verticals. Further, the entertainment industry, medical industry, and education industry are some of the key drivers anticipated to fuel the demand for 8K Technology. For example, in the entertainment industry, the demand for high-quality visual experiences and immersive content is driving the adoption of 8K displays and cameras. For instance, in January 2023, Samsung and LG launched 8K gaming monitors. Samsung unveiled the world's first 8K ultra-wide monitor, the Odyssey Neo G9, at CES 2023. LG launched the LG Ultra Gear 38GN9YG, which featured a 38-inch curved display with a resolution of 7680 x 1600 and a 144Hz refresh rate.

Segmental Outlook

The global 8K technology market is segmented based on its product type, industry vertical, and sales channel. Based on product type, the market is segmented into television (TV), projector, professional camera, and monitor and notebook. Based on the industry vertical, the market is categorized into the entertainment industry, medical industry, education industry, and others. Further, based on the sales channel, the market is segmented into direct channel and in-direct channel.

Television Is Anticipated To Hold a Prominent Market Share of Global 8K Technology Market

Among the product type segment, TV is anticipated to hold a prominent market share. The increasing availability of 8K TVs in the market, coupled with the growing consumer demand for larger-sized, high-resolution displays, is expected to drive the growth of this segment. For instance,

In May 2023, Samsung launched a new premium Neo QLED 8K series smart TV in India. The new Neo QLED 8K TV series promises to change the viewing experience forever. The 85-inch Neo QLED 8K Smart TV QN900C is available for purchase on the Samsung India website.

In May 2023, TCL CSOT introduced a full range of breakthrough display innovations at SID Display Week 2023, including Mini LED, Micro LED, OLED, and ink-jet printing technologies. The company showcased the world's first 65-inch 8K ink-jet printing flexible OLED display, which brings the largest flexible OLED foldable screen to the industry.

Regional Outlooks

The global 8K Technology market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, the Asia-Pacific region is projected to experience considerable growth in the 8K technology market. The increasing adoption of advanced display technologies and the presence of key manufacturers in countries such as China, Japan, and South Korea are expected to drive the market growth in this region.

Global 8K Technology Market Growth by Region 2023-2030

Source: OMR Analysis

North America is Anticipated to Hold a Significant Share in the Global 8K Technology Market

North America is anticipated to hold a significant share in the global 8K technology market. The regional market growth is primarily driven by factors such as the presence of major technology companies such as Canon Inc., and HP, among others. High consumer disposable income, and the growing demand for high-quality displays and cameras in various industry verticals also propel the market growth. For instance, in March 2022, Canon launched EOS R5 C camera. This full-frame 8K cinema EOS camera has a 45-megapixel full-frame CMOS image sensor paired with Canon’s DIGIC X image processor. It accepts lenses from the Canon RF lens group, or it can be adapted for EF lenses with an EF-EOS R mount adapter. It has an expansive focus area of approximately 100% horizontal and 100% vertical when working with select RF and EF lenses.

Market Players Outlook

The major companies serving the global 8K technology market include LG Electronics Inc, Panasonic Corp., Samsung Electronics Co., Ltd., Sony Group Corp., and Panasonic Corp., among others. The market players are considerably contributing to the market growth by adopting various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, Panasonic presented an 8K prototype camera with a new 35MP S35 organic sensor at the 4K/8K Technology Expo 2021 Chiba, Japan. The new camera features a 35MP S35 organic sensor, which enables high-resolution image capture. Additionally, it boasts the ability to record 8K video, providing exceptional video quality. The camera is equipped with a global shutter recording function, ensuring smooth motion capture at 60 frames per second. Moreover, it offers a region-of-interest camera feature, utilizing EF-mount lenses to capture a wide field of view and deliver up to five cropped images of superior quality.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global 8K technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.