Product (Television, Camera, Monitor and Notebook, Projector, Others)
The television segment in the 8K technology market is expected to account for the largest revenue share of 45.7% during the forecast period owing to the rapidly expanding consumer electronics sector, growing preference for superior image quality and immersive at-home experience, and rising availability of a wide range of 8K TVs, including LCDs, OLEDs, ultra-HD, and MicroLEDs. These TVs are preferred more for gaming, streaming, and broadcasting. In May 2023, Samsung India announced the launch of Neo QLED with 4K and 8K resolutions available in 50-inch, 55-inch, 75-inch, and 98-inch sizes that support Q Symphony 3.0, Amazon Alexa, and Bixby, providing an immersive experience.
The sales of 8K TVs across the globe have significantly increased over the recent years. As per a study by Research Nester, in 2023, the project share of HDTVs with 8K displays in Asia Pacific households was 4.1% while that in North America was 3.9%, followed by 1.7% in Western Europe.
End use (Consumer Electronics, Commercial, Healthcare and Medical, Sports and Entertainment, Others)
The healthcare and medical segment is poised to expand at a rapid CAGR throughout the forecast period. This growth can be attributed to the rising demand for advanced imaging solutions in the healthcare and diagnostic sector and the need for 8K displays and monitors for surgical visualizations. Apart from this, 8K technology can be used in telemedicine to facilitate better resolution consultations between healthcare providers and patients and to train medical students and professionals in realistic simulations. In September 2019, Air Water Inc. announced the launch of an 8K surgical Microsoft system, Micro Eight to help surgeons accurately detect vessels and nerves.
Our in-depth analysis of the 8K technology market includes the following segments:
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Author Credits: Abhishek Verma
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