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Pandemic disrupted the entire world and affected many industries.
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Request Now !8K display is known as ultra-high definition (UHD) resolution. It has width of 8,000 Pixels in digital television and cinematography that enables to produce images of high quality, clarity, and sharpness. 8K display makes the objects more realistic than in the real world as it exhibits 7680 by 4320 resolution which is 4 times greater than 4k. Moreover, 8K display offers an indistinguishable view for each pixel from a distance. This increases its adoption among the end users.
8K Display is used in various product such as televisions, cameras, monitors, full dome, projectors, and others. For instance, Samsung, a South Korean company is the global player of 8K display and is the first company to introduce 8K TVs called QLED. QLED 8K TVs have started making it appearance in South Korea, Europe, Russia, and the U.S. and are planning to expand it sales across the LAMEA and other developing regions. Other models of Samsung such as Micro LED display and rollable OLED display have also been introduced in the market with stunning displays.
The 8K display market is expected to witness growth during forecast period from 2019 to 2026 owing to increase in demand for electronics among consumers. Technological advancements related to displays such as wide screen, HD quality, High Pixels, touchscreen, Bluetooth connectivity, WIFI, high frame rate, and enhanced audio quality are rapidly emerging in the market. These influence consumers to adopt high resolution displays. Increase in wide adoption of high-resolution devices by industries such as sports, entertainment, and advertisement are the factors responsible for the 8K display market growth. Moreover, it allows to shoot videos in high resolution with the use of wide lens in case of dangerous subject such as wildlife documentaries by cropping and zooming digitally.
Factors such as advancement in display technology, increase in monetary initiatives by government for supporting 8K display technology, and surge in adoption of quantum dots in display technology are the major drivers for the 8K display market. However, limited 8K quality content availability, and high initial cost hinder the 8K display market growth. Furthermore, increase in adoption of 8K display by sports, and entertainment industry, and increasing R&D in micro LEDs are expected to provide lucrative opportunities to the market globally.
The 8K display market is segmented into product type, resolution, end use, and region. Based on product type, the market is classified into display technology, monitor, notebook, camera, and projector. Based on end use, the market is analyzed across entertainment, sports, consumer electronics, advertisements, retail, commercial, and others. Based on region, the 8K display market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in 8K display industry include Samsung Group, Canon, Sony, Panasonics Corporation, Sharp Corporations, LG Electronics, Hisense Co. Ltd., Dell, Red Digital Cinema Camera Company, and BOE Japan, Co. Ltd. These key players adopted strategies such as R&D in technology, mergers and acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
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