Surging attraction for high-resolution televisions and the fast-paced emergence of a wide range of items to augment the content development for 8K technology is bolstering the market growth.
Market Size – USD 3.92 Billion in 2020, Market Growth – at a CAGR of 53.1%, Market Trends – Extensive research and development activities to develop cutting edge display technologies
The global 8K Technology Market is expected to be valued at USD 117.55 Billion in 2028 from USD 3.92 Billion in 2020, registering a CAGR of 53.1% through the forecast period. The growing requirement and trend of high-resolution television experience are one the most significant factor influencing the market growth. The trend and attraction of high-resolution televisions are projected to continue over the forecast timeframe. Augmented availability of a broad spectrum of products to support the generation of content suitable for 8K is predicted to further boost the market growth.
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The escalating R&D activities for the advancements in display technologies are projected to boost the industry growth in the estimated period. Moreover, the surging requirement for consumer electronics devices and gadgets such as monitors and notebooks, televisions, and cameras are expected to propel the growth of the market. Additionally, the growing initiatives by the government to boost the 8K technology adoption is projected to further boost the development of the 8K technology in the forecast timeframe.
However, the higher costs associated with the 8K technology devices and complexities arising due to the implementation of 8K technology in tablets and smartphones are the crucial factors expected to restrain the growth of the market in the projected timeframe.
Key Highlights from the Report:
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For the purpose of this report, Emergen Research has segmented the global 8K technology market on the basis of product, resolution, end-use, and region:
Product Outlook (Revenue, USD Billion; 2021–2028)
Resolution Outlook (Revenue, USD Billion; 2021–2028)
End-use Outlook (Revenue, USD Billion; 2021–2028)
Regional Outlook (Revenue, USD Billion; 2021–2028)
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