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Super Hi-vision Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2026)

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By Author: Statzy Market Research
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The 8K Super Hi-Vision (8K SHV) camera is trending in market, which represents 16 times of numbers of pixels than numbers of pixels of Full HD (1920 x 1080 pixels), and 4 times of 4K Ultra HD (3840 x 2160 pixels). It means that 8K Ultra HD brings 16 times of information of image data, that is equivalent to 16 times digital zoom, which should be equal to Full HD quality This latest development is also capable of recording 8K in a camera head that is smaller and lighter.

- Rising demand for better resolution display screen is driving the market. The 8K technology is implemented in different resolutions. Furthermore, the 8K UHD (7680 × 4320 resolution) is best suited for monitors and televisions. Its high pixel count provides better viewing angles and high clarity images. This segment is expected to account for a major market share, as new technologies witness high demand, especially in case of consumer goods.

- The advancements in display technology in consumer electronics, along with the increase in demand for high-resolution TVs among consumers, create a positive response for the growth of the market. The large-screen ...
... and high-resolution TVs propound better quality and realistic images, as well as an enhanced viewing experience. For instance Sharp has developed an 85-inch LCD (7,680 horizontal × 4,320 vertical pixels). This was achieved by enhancing display quality utilizing Sharp's proprietary UV2A technology.

- High price and prime costing of 8K product is restraining the market. Due to its advanced display technology with the miniaturization of innovative products, its price remains high.

Key Market Trends

8K UHD Television Under Consumer Segment is Expected to Have Significant Growth

- Television is experiencing robust growth, especially in 8K UHD TV due to its high pixel counts, and with the support of advanced facilities, companies produce very large LCD sheets, called mother glass, from which display panels of TV are cut. As a result, bigger panels can be produced with less waste, helping to drive down costs and consumer prices.

- Samsung, which previously had an 8K model in 2018 announced the accessibility of its 2019 QLED TV's, which include the Q900, an 8K model that's available in sizes ranging from 65 to 98 inches, with prices that start at just USD 5,000.

- The 2020 Tokyo Olympics will be a significant exhibit for 8K TV broadcast, at least in Japan, but how much of the games will be broadcast in that resolution in the United States or Europe remains to be seen.

- Going forward, Sharp wants to use its technology in other fields outside of entertainment. The company has described the 120in 8K TV's potential for use in remote art restorations, for instance, making use of the TV's impeccable resolution and 5G connection, as well as in education. This will increase the demand of UHD 8K TV in coming future.

- The call for 8K Ultra HDTV, in the United States, is expanding year-on-year. They are the prior adopters of this technology and thus, the above factors are anticipated to have a positive outlook in the 8K television market.

- For instance, in Sep 2019, LG Electronics USA announced pricing and immediate availability of the world's first 8K OLED TV and the LG 8K NanoCell TV, which will be on display at the CEDIA EXPO 2019.

Asia Pacific Expected to be the Fastest Growing Region

- The Asia-Pacific region is a major revenue contributor to the market studied, due to the presence of a large consumer population, along with the presence of a number of players, like Sharp and BOE Japan. Since the past few years, Japan has been actively investing in the development of the super hi-vision devices, while supporting technological aspects. Thus, Japan has a stronghold for enabling and broadcasting 8K content.

- The country placed 8K experience zones, such as Tokyo 8K Theater, and Tokyo 8K Super Hi-Vision Theater, for people to experience 8K technology. Since, it is in the early stages of development, it is not affordable for all, and the demand is only from high-income individuals or businesses.
- For instance, the Japan-based broadcasting company, NHK implemented first 8K TV channel in Dec 2018. NHK has also utilized the super Hi-Vision technology for applications ranging from cameras (photos and videos, microphones) to receivers, which increases the market growth effectively.

- China is expected to emerge as the market leaders, by witnessing an increasing demand over the forecast period. China is one of the major consumers, which has the infrastructure to support mass production of 8K devices. This indicates that once the technology is set and becomes the norm, the Chinese manufacturers are likely to lower the prices and local manufactures are expected to emerge in the market.

- LG Electronics has announced the world's first rollable OLED TV, the 65" Signature OLED TV R, and the 88" 8K Z9 OLED TV, which gives a high vision effect quality. The company has planned to start shipping both TVs in the second half of 2019 in Korea.

Competitive Landscape

The super hi-vision market is highly fragmented and competitive because of the presence of major players. With new technology through R&D is giving strong competition among the players. Key players are Dell Inc., Red Digital Cinema Camera Company, Sharp Corporation, etc. Recent developments in the market are -

- Aug 2019 - LG's new 8K model expands its scale of premium NanoCell TVs, encompassing LED/LCD components for vivid colour purity, enhanced blacks, advanced image processing and AI functionalities. The NanoCell 8K TV features Cinema HDR (HDR10, HLG, Advanced HDR by Technicolour, Dolby Vision HDR and more) enabling users to harness-compatible premium Netflix content.

- May 2019 - Japan-based Sharp confirmed that the brand will re-enter the TV business in the United States during the second half of the year under a partnership with Hong Kong-based Hisense. It will further accelerate the transformation of its business to innovate the world with 8K/4K Ecosystem + 5G and AIoT (Artificial Intelligence of Things).

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StatzyReports is the premier global market research and business reports company based in India. StatzyReports.com functions under Statzy Market Research. We offer our expertise globally in services related to market research, business strategy consulting, surveys or questionnaire, forecast and statistical data analysis. Our experience working with major business and customer driven companies enabled us to develop some of the best winning strategies for succeeding in various global markets. Our globally renowned experts mastered the art of perfection with their unique skillset and vast experience in research and data analytics.

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