Global 8K Display Resolution Market 2023-2030

Title: Global 8K Display Resolution Market Size, Share & Trends Analysis Report by Type (65 Inch, 98 Inch, and Others), by Application (Household, and Commercial), and by Sales Channel (Direct Channel, and Distribution Channel) Forecast Period (2023-2030).

The global 8K display resolution market is anticipated to grow at a significant CAGR of 35.0% during the forecast period. The growth of the market is attributed to factors such as increasing demand for high-resolution displays in various applications, advancements in display technologies, and the growing popularity of large-sized displays for enhanced visual experiences. Further, the rising adoption of 8K resolution displays in sectors such as entertainment, gaming, advertising, and professional use is anticipated to fuel the demand for 8K display resolution. For instance, in the entertainment industry, 8K displays offer immersive and lifelike visual experiences, driving their adoption in movie theatres, home theatres, and gaming setups. For instance, in January 2023, Samsung and LG launched 8K gaming monitors. Samsung unveiled the world's first 8K ultra-wide monitor, the Odyssey Neo G9, at CES 2023. LG launched the LG Ultra Gear 38GN9YG, which featured a 38-inch curved display with a resolution of 7680 x 1600 and a 144Hz refresh rate.

Segmental Outlook

The global 8K display resolution market is segmented based on its type and application. Based on type, the market is segmented into 65 Inch, 98 Inch, and Others. Based on application, the market is categorized into Household and Commercial. Based on the sales channel, the market is divided into Direct Channel and Distribution Channel. The direct channel involves manufacturers selling products directly to consumers or businesses, while the distribution channel includes intermediaries such as retailers, dealers, and online platforms.

The 65 Inch Displays Are Anticipated To Hold a Prominent Global 8K Display Resolution Market Share

Among the type segment, the 65 Inch displays are anticipated to hold a prominent market share. These displays strike a balance between size and affordability, making them popular among consumers for home entertainment purposes. Additionally, the increasing availability of 65 Inch 8K displays in the market and their compatibility with standard living room setups contribute to their market dominance. The demand for 65 Inch and more immersive displays is growing, and companies are introducing new technologies to meet this demand. For instance,

• In May 2023, TCL CSOT introduced a full range of breakthrough display innovations at SID Display Week 2023, including Mini LED, Micro LED, OLED, and ink-jet printing technologies. The company showcased the world's first 65-inch 8K ink-jet printing flexible OLED display, which brings the largest flexible OLED foldable screen to the industry.
• In June 2022, Looking Glass Factory has announced the largest holographic display ever made, a 65-inch, 8K resolution panel that is five times larger than any other 3D holo display ever shown off. The screen generates up to 100 different perspectives of 3D content from 100 million points of light every 60th of a second and is viewable by groups of up to 50 people. The company highlights marketing, engineering, and design-forward applications as possible uses.

Regional Outlooks

The global 8K display resolution market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these regions, Europe is anticipated to witness prominent growth over the forecast period. The region has a strong consumer electronics industry, high disposable incomes, and a growing demand for advanced display technologies. However, the Asia-Pacific region is projected to experience considerable growth in the 8K display resolution market. The region is home to major display manufacturers, and the increasing adoption of 8K resolution displays in countries like China, Japan, and South Korea drives market growth.

North America is Anticipated To Hold a Significant Share of the Global 8K Display Resolution Market

The North American region is anticipated to hold a significant share of the global 8K display resolution market. The region has a technologically advanced consumer base, early adoption of new technologies, and a strong presence of key market players such as LG Electronics USA, Samsung Electronics America, ViewSonic Corp., and Dell Technologies. For instance, in January 2021, ViewSonic introduced their first 8K ColorPro Monitor, specifically designed for professional content creators. This high-resolution monitor provides exceptional color accuracy and detail, catering to the needs of professionals who require precise visuals for their work. With the 8K ColorPro Monitor, ViewSonic aims to meet the demands of the industry and enhance the creative workflow of content creators. Moreover, factors such as increasing demand for high-quality visual experiences, the popularity of large-sized displays in the entertainment industry, and the growth of the gaming market drive the demand for 8K display resolution in North America.

Market Players Outlook

The major companies serving the global 8K display resolution market include: LG Electronics Inc., Samsung Electronics Co., Ltd., Sony Group Corp., Panasonic Life Solutions India Pvt. Ltd., and Dell Inc., among others. These market players are considerably contributing to the market growth by adopting various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2023, Samsung launched new 8K TV models in India, including a 98-inch variant. The Neo QLED 8K TVs will be available in sizes of 65-inch, 75-inch, and 85-inch. The Neo QLED 4K TVs will be available in panel sizes ranging from 50 to 85 inches.

The Report Covers:

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global 8K display resolution market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.