The year 2020 saw an increase in the market demand for Smart TVs. Amongst them all, 4K resolution displays were the most famous and attracted more sales. but the recent reports indicate that 8K displays are also on the verge of becoming famous as their 4K counterparts.
The resolution which 8K offers is nothing sort of amazing, but the problem has always been the fact that they are expensive. According to sources, the high-resolution displays are expected to surpass the 1-million-unit shipment mark by the end of this year.
According to recent reports, the market share of 8K TVs across the globe is increasing in the premium TV segment. The TVs that are worth over 2,500 US Dollars, are having their sales price decreasing. Analysts claim that around a million 8K TVs around the price of 3,300 US Dollars are expected to be sold this year, marking sales worth 3.3 billion US Dollars.
With the launch of next-gen consoles from Sony and Microsoft and also the fact that Nvidia and AMD are rigorously launching their graphics processors. The demand for 8K resolution TVs is steadily increasing in the market, albeit with their high prices. currently, the global index dictates that about 220 million units of Tvs are sold per year, out of which a million only accounts for around 0.5 percent of the total shipments.
When the world was first introduced 4K TVs the industry suffered initially because there was a very low amount of digital content available that supported the resolution. But the time has changed and we now have tons of content that support the high-resolution.