Super Hi-Vision Market:
Growth opportunities in the super hi-vision market look promising over the next six years. This is mainly due to the enhancements in display technology in consumer electronics, the growing trend of the 8K Super Hi-Vision (SHV) camera, and the rise in demand for high-resolution TVs.
Super Hi-Vision Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing inclination in favor of the 8K Super Hi-Vision (SHV) camera, which offers 16 times more pixels proffered by Full HD (1920 x 1080 pixels), is the key driver stimulating the growth of the global super hi-vision market. Also, 8K technology is executed in resolutions, of which the 8K UHD (7680 x 4320) is the most suitable for televisions and monitors. Its high pixel provides improved viewing angles and high clarity images. The strengthened display technology in electronics coupled with the boost in demand for high-resolution TVs promotes the market growth. These factors cooperate in fuelling the super hi-vision market growth.
However, 8K products possess a better display technology with the miniaturization of an innovative product, resulting in high price and prime costing which is likely to curb the super hi-vision market size.
Type Segment Drivers
Based on the type, the 8K segment is projected to witness a higher CAGR over the forecast period. Television, its subsegment, is experiencing massive growth owing to its inflated pixel counts along with the assistance of advanced facilities. Furthermore, the accelerating penetration of 5G technologies as most of the companies are emphasizing smart TVs. For instance, LG Electronics, in 2019, developed the world’s first 8K NanoCell TV and the 8K OLED TV, which comes with better resolution. These features will boost the market growth.
Regional Drivers:
Based on the regional coverage, Asia Pacific is projected to expand at a faster CAGR over the forecast period. This is primarily attributed to the escalated consumer population integrated with major players, like Sharp Corporation and BOE Japan. Japan is constantly investing in the amplification of super hi-vision devices. Moreover, Japan has laid down 8K experience zones, such as Tokyo 8K Super Hi-Vision Theatre and Tokyo 8K Theatre, to encounter 8K technology. This is because of early acquisition by Japan and countries, such as India and China, which will further fuel the market size.
Super Hi-Vision Market’s leading Manufacturers:
- Samsung
- Panasonic Corporation
- Hisense
- Ikegami Tsushinki Co., Ltd.
- com, LLC
- LG Electronics
- Canon Inc.
- Sharp Corporation
- BOE Japan Co., Ltd
- Dell
Super Hi-Vision Market Segmentation:
Segmentation by Type:
- 4K
- 8K
Segmentation by Application:
- Healthcare
- Consumer Electronics
- Commercial
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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