8K TV is a newly introduced TV, which is an advanced version of 4K TV. These TVs offer higher resolution in comparison to 4K. 8K TVs moves up to 7,680 x 4,320 pixels, while 4K TVs are 3,840-1,260 pixels. That means the number of horizontal as well as vertical pixels in 8K TVs is double of that in 4K TVs. Samsung and Sony are two of the prominent players in the 8K TV industry; however, some other players have announced their plans to launch 8K TVs soon.
MARKET SCOPE
The "Global 8K TV Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the 8K TV market with detailed market segmentation by screen size, display technology, end-user, and geography. The report provides key statistics on the market status of the leading 8K TV market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on screen size, the global 8K TV market is segmented into up to 70 inches, 71-90 inches 91 inches, and above.
- On the basis of display technology, the market is segmented into LED, OLED, and QLED.
- Based on end-user, the market is segmented into residential and commercial.
MARKET DYNAMICS
Drivers:
- The 8K TV market is at a primitive stage as it's a very new technology and has been commercialized by only a few players in the market.
- The increasing spending capability of people in developing economies as well as the rising demand for luxury consumer electronics is expected to bolster the 8K TV market.
Restraints:
- The high cost of these TVs, as well as lack of 8K content availability, are the key reasons hampering the growth of the market. However, with advancements in technology and mass production, the price of these TVs is anticipated to decrease in the near future.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 8K TV market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 8K TV market in these regions.
IMPACT OF COVID-19 ON 8K TV MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the 8K TV market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from 8K TV market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 8K TV market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- SAMSUNG
- LG Electronics
- SHARP
- Sony Corporation
- Changhong
- Hisense
- Konka
- Skyworth
- TCL
- VIZIO, Inc.