8K Technology Market Size, Growth, Trend and Forecast to 2024 | MarketsandMarkets

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.

“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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=246430968

“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.


About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441




You may also like...