Jersey City, New Jersey, November 25, 2021 (GLOBE NEWSWIRE) – Verified Market Research recently published a report, “8K Technology Market”By product (TV, monitor and laptop, professional camera, projector and others), by end user (sports and entertainment industry, medical industry, consumers and others) and by geography. According to verified market research, the global 8K technology market size was valued at USD 2,758.32 million in 2019 and is expected to reach USD 62,491.09 million by 2027, with a CAGR of 52.39% of 2020 to 2027.
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Browse the table of contents in depth to “8K Technology Market“
202 – Pages
126 – Tables
37 – Figures
Global 8K Technology Market Overview
The increasing penetration of consumer electronic products such as full size TVs, portable devices, smartphones and others has led to impose positive impact to accelerate market growth. In addition, the growing preference of an 8K UHD display over conventional imaging technology is the other factor driving the growth of the market. However, the associated high initial investment and limited availability of 8K content is hampering the growth of the market.
The growth seen in the construction industry due to an increased number of infrastructure transformation projects in various economies due to urbanization has created a huge demand for consumer electronics thus driving the market of 8K technology in a positive way. The growth of consumer electronics has been propelled by the expansion of the middle class, changing lifestyle preferences and the trend towards using smart electronics. In addition, the increase in the disposable income of consumers will boost the demand for electronic devices further boosting the growth of the 8K technology market during the forecast period. However, the high cost of products based on 8k technology and the limited availability of 8k content are major factors that are expected to hamper the growth of the market. Moreover, the high demand for 8k technology from several developing countries in APAC region is likely to provide lucrative opportunities for market growth over time.
Key developments
- Samsung Electronics Co., Ltd. has announced that its new and expanded 2020 QLED 4K and 8K TV model lineup is available for sale on its website.
- LG Electronics and high-end Italian furniture and lifestyle brand Molteni & C SPA are collaborating on a variety of joint projects.
- JVCKENWOOD Corporation enhances its native 4K and 8K e-shift projectors with a major performance upgrade that automatically adjusts HDR according to the specific home theater environment.
Key players
The major players in the market are Sharp Corporation, LG Electronics, Sony Corporation, Samsung Electronics, JVC Kenwood Corporation, Dell Technologies Inc. and others.
Verified market research segmented the global 8K technology market on the basis of end user, product, and geography.
- 8K Technology Market, By End User
- Sports and entertainment industry
- Medical industry
- Consumers
- Others
- 8K Technology Market, By Product
- Segmented into television
- Monitor and laptop
- Professional camera
- Projector
- Others
- 8K Technology Market By Geography
- North America
- Europe
- Germany
- France
- UK
- The rest of europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LINE
- Middle East and Africa
- Latin America
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Top 5 Manufacturers of 8K Technology – Zoom in on their market and get 360 ° views
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