8K Technology Market

8K Technology Market by Product (Television (OLED, LED-LCD, QD-LCD, Micro-LED), Monitor & Notebook, Professional Camera, Projector), End User (Consumer, Sports & Entertainment, Medical), and Geography - Global Forecast to 2024

Report Code: SE 6995 Mar, 2019, by marketsandmarkets.com

[143 Pages Report] The 8K technology market is projected to grow from USD 2.9 billion in 2019 to USD USD 26.8 billion by 2024—growing at a CAGR of 55.5%. Demand for 8K technology is rising due to the increased demand for larger-sized TVs with higher resolution; availability of various products for the creation and delivery of 8K content; and advancements in display technology, financial assistance by governments, and expansion of production capabilities for 8K UHD display panels.

8K Technology Market

“Television segment to witness highest demand during forecast period”

The market for 8K televisions is expected to witness the largest shipment during the forecast period. Large-screen and high-resolution TVs offer better quality and realistic images, as well as an enhanced viewing experience, which drives  the 8K technology market growth. APAC is expected to account for the largest share of the 8K television market during the forecast period owing to the presence of many 8K TV manufacturers. Japan will be hosting the 2020 Summer Olympics. Therefore, TV manufacturers are increasingly focusing on streaming TV experience to meet the rising demand of viewers for a seamless streaming experience of the Olympic Games. Additionally, the advent of 5G in the country is likely to propel the growth of the 8K TV market in the region.

“Sports & entertainment industry held largest market share in 2018”

The increasing use of high-resolution devices by consumers and by sports & entertainment and medical industries drives the market growth. The sports & entertainment industry greatly influences the 8K technology market. Cinema, gaming, and advertisement industries are adapting 8K technology because it provides high-quality images with a clearer picture. 8K broadcast in sports and entertainment applications is expected to further propel the market growth in the coming years.

“APAC to exhibit fastest CAGR during forecast period”

APAC is expected to register the highest CAGR in the market during the forecast period. The highest growth of APAC in the 8K technology market can be attributed to the increasing demand for 8K TVs in this region.

The region also has the presence of key consumer electronics companies such as LG Electronics (South Korea), Samsung Group (South Korea), Canon (Japan), JVCKENWOOD (Japan), Sony (Japan), Panasonic Corporation (Japan), and Sharp Corporation (Japan). China and Japan will be among the highest growth registering countries in the 8K technology market in APAC. 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 exhibit high growth in the market. With the advent of 5G in Japan, the market in this country will grow significantly in the near future. Similarly, Japan will host the 2020 Summer Olympics, which is another major reason that is likely to surge the demand for 8K technology in the country in the coming years.

8K Technology Market

Key Market Players

Samsung Electronics (South Korea), LG Electronics (South Korea), Sony Corporation (Japan), JVCKENWOOD Corporation (Japan), Sharp Corporation (Japan), Canon Inc. (Japan), Red Digital Cinema (US), Dell Technologies (US), Leyard Optoelectronic (China), and Digital Projection (UK) are the major players in the 8K technology market.

Panasonic (US), Hisense (China), Changhong Electric (China), Viewsonic (US), TP Vision (TPV) (PHILIPS) (China), Ikegami Tsushinki (Japan), and TCL Corp. (China) are a few key players in the market.

Samsung Display (South Korea), LG Display (South Korea), BOE Technology (China), Sharp (Japan), Innolux Corp. (Taiwan), Japan Display Inc. (Japan), and AU Optronics (Taiwan) are the leading 8K display panel manufacturers.

Samsung offers Q900 8K QLED Smart TV series in different sizes. The company’s QLED 8K TV has a resolution of 7680 x 4320 pixels—i.e., 16 times more than a full HD (FHD) TV, and 4 times higher than 4K UHD display. Samsung is the first manufacturer to implement artificial intelligence (AI) technology into a QLED TV. Samsung’s AI-based machine learning technology automatically recognizes and upscales lower resolution videos to near 8K picture quality regardless of the video’s native resolution or method of transmission. The technology is powered by the Quantum Processor 8K. Samsung’s vision is to explore new markets and gain more customers by introducing innovative technologies. For example, the company recently introduced a 98-inch QLED 8K Smart TV. The company has a broad product portfolio that includes smartphones, tablets, laptops, LCD and QLED TVs, and cameras that can be very well integrated with 8K technology in the coming years. Mergers and acquisitions are also key strategies adopted by Samsung. With 15 regional offices, 35 R&D centers, and 39 production sites, the company serves its customers across the world and has positioned itself among top electronic companies.

Report Scope

8K Technology Market

This report categorizes 8K technology market based product, end user, and region.

In this report, the market has been segmented into the following categories:

On the basis of Product, the 8K technology market has been segmented into:

  • Television
  • Professional camera
  • Monitor and notebook
  • Projector

On the basis of End User, the 8K technology market has been segmented into:

  • Consumers
  • Sports and entertainment industry
  • Medical industry
  • Other industries (retail, hospitality, defense, education, and corporate industries)

On the basis of Geography, the 8K technology market has been segmented into:

  • APAC
  • North America
  • Europe
  • Rest of the World (RoW)

Recent Developments

  • In 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.
  • In August 2018, LG ELECTRONICS introduced the world’s first 8K OLED TV at IFA 2018, featuring over 33 million self-emitting pixels.
  • In January 2019, Sony showcased its BRAVIA MASTER Series Z9G (98"/85") at CES 2019. Sony's first 8K LCD TV features the next-generation image processor—X1 Ultimate—equipped with 8K ultra-resolution algorithm custom database, enabling the 8K X-Reality PRO to upscale any content to 8K.
  • In January 2019, Sharp Corporation revealed its 8K video camera at CES 2019. The prototype was mounted with an Olympus M. Zuiko 40–150 mm lens.
  • In February 2018, JVCKENWOOD introduced 3 new projectors at ISE 2018: DLA-VS4700, DLA-VS4010, DLA-VS4810. These projectors are designed for the visualization and simulation markets.  The DLA-VS4700 projector offers a native 4K resolution with e-shift technology to display up to 8K resolution, while the DLA-VS4010 is JVC’s brightest simulation projector that provides 11% more vertical picture area than other 4K projectors. Lastly, the DLA-VS4810 projector is an e-shift version of VS4010, displaying up to 8K resolution and reproducing incredible images with a deep black background. All 3 models are ideal for simulation, immersive displays, museums, and medical institutions.

Key Questions Addressed by Report:

  • What is the importance of 8K technology for consumers?
  • What are the opportunities for 8K technology providers?
  • Which regions will exhibit the growth of the market?
  • What are the opportunities for display panel manufacturers in the market?
  • Who are major competitors in the market at present and who will be the key competitor in the near future? What are their top priorities, strategies, and developments?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst



Table of Contents

1 Introduction (Page No. - 17)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           Key Data From Secondary Sources
           2.1.2 Primary Data
           Breakdown of Primaries
           Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
           Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities for Growth of 8K Technology Market
    4.2 Global 8K Technology Market, By Product
    4.3 Global 8K Technology Market, By End User
    4.4 Market, By Geography

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           Advancements in Display Technology, Financial Assistance By Governments, and Expansion of Production Capabilities for 8K Uhd Display Panels
           Availability of Various Products for Creation and Delivery of 8K Content
           Increased Demand for Larger-Sized TVs With Higher Resolution
           5.2.2 Restraints
           Limited 8K Content Availability
           Uncertainty About 8K Technology Use in Smartphone, Tablet, Automotive, and Several Other Segments
           5.2.3 Opportunities
           8K Broadcasts in Sports and Entertainment
           Proliferation of 5g and Increasing On-Demand Content
           Growth Potential in Digital Signage Space
           Strong Demand for 8K Technology From Several APAC Countries
           5.2.4 Challenges
           High Cost of 8K Technology-Based Products
           Computational Complexity and High Bandwidth Requirements for Video Streaming

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Component Providers
           6.2.2 Product Suppliers
           6.2.3 Applications
           6.2.4 Content Suppliers
           6.2.5 End-User Industries
    6.3 Status of 4K Technology
           6.3.1 4K Industry Overview
           6.3.2 4K Television Sets
           6.3.3 4K Cameras
           6.3.4 4K Projectors
           6.3.5 4K Content and Broadcast
    6.4 Potential of 8K Displays in Hmds

7 8K Technology Market, By Product (Page No. - 53)
    7.1 Introduction
    7.2 Television
           7.2.1 Display Technology
    7.3 Monitor and Notebook
           7.3.1 Increasing Fascination of End Users for Bigger Screens With Higher Resolution to Drive Market for 8K Monitor and Notebook
    7.4 Professional Camera
           7.4.1 APAC to Account for Largest Demand of 8K Professional Cameras By 2024
    7.5 Projector
           7.5.1 Auditoriums, Full Domes, Museums, and Movie Theaters to Be Major Applications of 8K Projectors

8 8K Technology Market, By End User (Page No. - 71)
    8.1 Introduction
    8.2 Consumers
           8.2.1 Increasing Demand for Large-Sized Televisions By Consumers to Drive Market
    8.3 Sports & Entertainment Industry
           8.3.1 8K Broadcast in Sports and Entertainment Will Propel 8K Technology Market During Forecast Period
    8.4 Medical Industry
           8.4.1 Growing Demand of High Resolution Monitors in Medical Applications to Push Market
    8.5 Other Industries
           8.5.1 Retail, Hospitality, Defense, Education, and Corporate Expected to Be Other Major Industries in Market

9 Geographic Analysis (Page No. - 76)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
           Growing Popularity and Awareness of High-Resolution TVs to Drive Market in China
           9.2.2 Japan
           2020 Summer Olympics Broadcast in 8K is Expected to Propel The Market in Japan
           9.2.3 South Korea
           Increasing Demand for 8K TVs to Drive The Market in South Korea
           9.2.4 Rest of APAC
           Market Growth in Rest of APAC is Expected Mainly From TVs
    9.3 North America
           9.3.1 US
           High Demand for 8K Products Including TVs, Cameras, and Projectors is Expected in US During Forecast Period
           9.3.2 Canada & Mexico
           Growing Popularity and Awareness About 8K Products to Drive Market in Canada & Mexico
    9.4 Europe
           9.4.1 UK
           UK to Account for Major Demand of 8K Products in Europe During Forecast Period
           9.4.2 Germany
           Rising Demand for High-End Products to Drive Market in Germany
           9.4.3 France
           Strong Economic Condition to Lead France to Be Among Early Adopters of 8K Products
           9.4.4 Rest of Europe
           Advent of 5g in Rest of Europe to Drive Market During Forecast Period
    9.5 Rest of The World (RoW)
           9.5.1 Middle East and Africa
           Increasing Consumers for High-End Products in Middle East to Drive Market
           9.5.2 South America
           Camera, Projector, and TVs to Be Major 8K Products in South America in Terms of Demand During Forecast Period

10 Competitive Landscape (Page No. - 91)
     10.1 Overview
     10.2 Player Ranking Analysis: 8K Technology Market
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Dynamic Differentiators
             10.3.3 Innovators
             10.3.4 Emerging Companies
     10.4 Strength of Product Portfolio
     10.5 Business Strategy Excellence
     10.6 Competitive Situations and Trends

11 Company Profiles (Page No. - 100)
     11.1 Introduction
     11.2 Key Players
(Business Overview, Products & Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
             11.2.1 Samsung Electronics
             11.2.2 LG Electronics
             11.2.3 Sony
             11.2.4 Sharp (Foxconn)
             11.2.5 JVCKENWOOD (JVC)
             11.2.6 Canon
             11.2.7 Dell Technologies
             11.2.8 Red Digital Cinema
             11.2.9 Leyard Optoelectronic (Planar)
             11.2.10 Digital Projection (Associate Company of Delta Group)
*Details on Business Overview, Products & Solutuions, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.3 Other Players
             11.3.1 Panasonic
             11.3.2 Hisense
             11.3.3 Changhong Electric
             11.3.4 Viewsonic
             11.3.5 TP Vision (TPV) (Philips)
             11.3.6 Ikegami Tsushinki
             11.3.7 TCL Corp.
     11.4 Leading Display Panel Manufacturers
             11.4.1 Innolux Corp.
             11.4.2 Samsung Display
             11.4.3 LG Display
             11.4.4 Sharp (Foxconn)
             11.4.5 Boe Technology
             11.4.6 Au Optronics (AUO)
             11.4.7 Japan Display (JDI)

12 Appendix (Page No. - 137)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customization
     12.4 Related Reports
     12.5 Author Details

List of Tables (35 Tables)

Table 1 LCD and OLED Fab Construction Roadmap in China
Table 2 Top Product Launches Around 8K Resolution
Table 3 Top 8K Products and Their Price Range, 2019
Table 4 8K Technology Market, By Product, 2017–2024 (Thousand Units)
Table 5 Market, By Product, 2017–2024 (USD Million)
Table 6 8K Television Market, By Region, 2017–2024 (USD Million)
Table 7 8K Television Market in APAC, By Country, 2017–2024 (USD Million)
Table 8 8K Television Market in Europe, By Country, 2017–2024 (USD Million)
Table 9 8K Television Market in North America, By Country, 2017–2024 (USD Million)
Table 10 8K Television Market in RoW, By Region, 2017–2024 (USD Million)
Table 11 Comparison of Different Display Technologies
Table 12 8K Monitor & Notebook Market, By Region, 2017–2024 (USD Million)
Table 13 8K Monitor & Notebook Market in APAC, By Country, 2017–2024 (USD Million)
Table 14 8K Monitor & Notebook Market in North America, By Country, 2017–2024 (USD Million)
Table 15 8K Monitor & Notebook Market in Europe, By Country, 2017–2024 (USD Million)
Table 16 8K Monitor & Notebook Market in RoW, By Region, 2017–2024 (USD Million)
Table 17 8K Professional Camera Market, By Region, 2017–2024 (USD Million)
Table 18 8K Professional Camera Market in North America, By Country, 2017–2024 (USD Million)
Table 19 8K Professional Camera Market in APAC, By Country, 2017–2024 (USD Million)
Table 20 8K Professional Camera Market in Europe, By Country, 2017–2024 (USD Million)
Table 21 8K Professional Camera Market in RoW, By Region, 2017–2024 (USD Million)
Table 22 8K Projector Market, By Region, 2017–2024 (USD Million)
Table 23 8K Projector Market in APAC, By Country, 2017–2024 (USD Million)
Table 24 8K Projector Market in North America, By Country, 2017–2024 (USD Million)
Table 25 8K Projector Market in Europe, By Country, 2017–2024 (USD Million)
Table 26 8K Projector Market in RoW, By Region, 2017–2024 (USD Million)
Table 27 Market, By End User, 2017–2024 (USD Million)
Table 28 Market, By Region, 2017–2024 (USD Million)
Table 29 Market in APAC, By Country, 2017–2024 (USD Million)
Table 30 Market in North America, By Country, 2017–2024 (USD Million)
Table 31 Market in Europe, By Country, 2017–2024 (USD Million)
Table 32 Market in RoW, By Region, 2017–2024 (USD Million)
Table 33 Product Launches and Developments
Table 34 Acquisitions
Table 35 Partnerships and Collaborations

List of Figures (51 Figures)

Figure 1 8K Technology Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Bottom-Up Approach to Arrive at Market Size
Figure 5 Top-Down Approach to Arrive at Market Size
Figure 6 Data Triangulation
Figure 7 Assumptions of Research Study
Figure 8 Global 8K Technology Market, 2017–2024 (USD Billion)
Figure 9 8K Televisions to Account for Largest Market Size By 2024
Figure 10 Consumers Segment to Hold Largest Size of Market During Forecast Period
Figure 11 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 12 Market Expected to Exhibit High Growth Between 2019 and 2024
Figure 13 Television Segment to Dominate Market During Forecast Period
Figure 14 Consumers to Exhibit Highest CAGR in Market During Forecast Period
Figure 15 Canada and Mexico to Register Highest CAGR in Market During Forecast Period
Figure 16 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Average TV Screen Size, 2010–2024
Figure 18 TV Panel Shipment Penetration Rate, By Resolution, 2010–2024
Figure 19 Optimal Viewing Distance for Visual Detail Recognition in Human, By Device Type and Resolution
Figure 20 Market: Value Chain Analysis
Figure 21 Shipments of 4K TV Estimated to Grow Rapidly in Next 2 Years
Figure 22 Market Segmentation, By Product
Figure 23 8K Televisions Will Witness Highest Demand During 2019–2024
Figure 24 Television Segment Expected to Hold Largest Size of Market, in Terms of Value, During Forecast Period
Figure 25 APAC to Account for Largest Size of 8K Television Market During Forecast Period
Figure 26 APAC to Dominate 8K Monitor & Notebook Market During Forecast Period
Figure 27 Europe to Exhibit Highest CAGR in 8K Professional Camera Market During Forecast Period
Figure 28 APAC to Witness Highest CAGR in 8K Projector Market During Forecast Period
Figure 29 Market Segmentation, By End User
Figure 30 Consumers Segment to Exhibit Highest CAGR in Market During Forecast Period
Figure 31 Market, By Region
Figure 32 China Expected to Be Highest-Growing Country in Market During 2019–2024
Figure 33 APAC to Register Highest CAGR in Market During Forecast Period
Figure 34 APAC: 8K Technology Market Snapshot
Figure 35 China to Hold Largest Size of Market in APAC During Forecast Period
Figure 36 North America: Market Snapshot
Figure 37 US to Capture Major Sizeof Market in North America During Forecast Period
Figure 38 Europe: Market Snapshot
Figure 39 Rest of Europe to Account for Largest Market Size During Forecast Period
Figure 40 South America to Exhibit Higher CAGR in Market in RoW During Forecast Period
Figure 41 Key Developments By Leading Players in Market From 2016 to 2019
Figure 42 Key Player Market Ranking: Market, 2018
Figure 43 Market (Global) Competitive Leadership Mapping, 2018
Figure 44 Samsung Electronics: Company Snapshot
Figure 45 LG Electronics: Company Snapshot
Figure 46 Sony: Company Snapshot
Figure 47 Sharp: Company Snapshot
Figure 48 JVCKENWOOD (JVC): Company Snapshot
Figure 49 Canon: Company Snapshot
Figure 50 Dell Technologies: Company Snapshot
Figure 51 Leyard Optoelectronic: Company Snapshot

The study involved 4 major activities to estimate the current market size for 8K technology. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been followed to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast 8K technology market begins with capturing data on revenue of key vendors in the market through secondary research. The secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations (such as the Consumer Technology Association (CTA), Integrated Systems Europe (ISE), and Camera & Imaging Products Association (CIPA); white papers, 8K-related marketing journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases. This study incorporates the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of 8K technology market. Vendor offerings have also been considered to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations. 

Primary Research

In the primary research, various primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. 8K technology market comprises several stakeholders, such as suppliers of raw material and manufacturing equipment; standard components, original equipment manufacturers (OEMs); original device manufacturers (ODMs) of 8K technology; solutions providers; vendors of assembly, testing, and packaging solutions; and system integrators in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

8K Technology Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of 8K technology market. These methods have also been used extensively to estimate the size of various market subsegments. Extensive qualitative and quantitative analyses have been performed on the market engineering process to list key information/insights.  The research methodology used to estimate the market size includes the following:

  • Key players in major application areas and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, market breakdown and data triangulation procedures are employed wherever applicable. Data has been triangulated by studying various factors and trends from both the demand and supply sides. Moreover, the 8K technology market has been validated using both top-down and bottom-up approaches.

Research Objective

  • To describe and forecast the 8K technology market, in terms of value, segmented on the basis of product and end user.
  • To describe and forecast the market size, in terms of value, for various segments across 4 regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
  • To forecast the 8K technology market, in terms of volume, segmented on the basis of product
  • To analyze emerging applications/use cases of 8K technology
  • To analyze 8K technology product manufacturers on the basis of their developments in the 8K technology market
  • To analyze the 8K technology ecosystem/supply chain that includes component suppliers, product manufacturers, and content suppliers
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges that can influence the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of key players
  • To analyze competitive developments such as collaborations, partnerships, acquisitions, investments and product launches and developments in the market
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies

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  • Company-product-technology mapping analysis
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