Industry Background:
8K technology is a novel technology and will take over the monitor display market in forecast period until new competitive technology arrives in the market. 8K technology is a higher resolution standard than 4K technology, quadrupling the total number of pixels just like 4K did with 1080p. The global 8K technology market is expected to witness a high growth due to developments in display technology and growth of production capabilities for 8k UHD display panels.This growth is primarily driven by Developments in Display Technology
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Manufacturing Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as BOE Japan Co., Ltd (Japan), Canon Inc. (Japan), Dell Inc. (United States), Hisense Co. Ltd. (China), Samsung Electronics (South Korea), LG Electronics (South Korea), Sony Corporation (Japan), JVC Kenwood Corporation (Japan), Sharp Corporation (Japan) and Red Digital Cinema (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On April 1, 2019 - JDA Software, Inc. and Panasonic Corporation announced an agreement between JDA Japan and Panasonic to establish a joint venture company to further promote sales of the companies' joint solutions for the manufacturing, logistics, and retail industries in Japan.
In February 2023, The NBA has partnered with Cosm, a prominent company specializing in immersive technology, media, and entertainment, to introduce a groundbreaking multi-year collaboration. This partnership aims to offer fans a unique live game viewing experience. As part of this innovative venture, Cosm will produce and present a selection of games from the NBA League Pass, the league's out-of-market live game streaming service. These games will be showcased in immersive 8K resolution on large-scale LED-dome systems at Cosm's upcoming venues. This collaboration represents a pioneering initiative in delivering an enhanced and immersive sports viewing experience for NBA fans.The competitive landscape of 8K technology is characterized by intense rivalry and rapid advancements driven by the increasing demand for high-resolution displays and content. Key players in the industry offer a variety of 8K-enabled products and solutions, ranging from televisions and monitors to cameras and content production tools. The market also features several other notable competitors who contribute to the development and adoption of 8K technology. Continuous innovation and technological improvements are key factors shaping the competitive dynamics of the 8K technology market.
Influencing Trend:
Increase in Demand for Larger-Sized TVs Along With Higher Resolution
Market Growth Drivers:
Developments in Display Technology and Growth of Production Capabilities for 8K UHD Display Panels
Challenges:
High Cost Related to 8K Technology-Based Products
Restraints:
Restricted 8K Content Availability and Uncertainty about 8K Technology Usage in Smartphone, Tablet and Automotive
Opportunities:
Use of 8K technology Broadcasts in Sports and Entertainment and Increasing Demand for 8K Technology from Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of 8K Technology Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of 8K Technology Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of 8K Technology players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, 8K Technology Study Sheds Light on
The 8K Technology Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the 8K Technology industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where 8K Technology industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.