8K Codec Chip Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 24.0% from 2024 to 2030.
Looking towards the future, from 2023 to 2033, the 8K codec chip market is expected to experience continued growth, although at a more measured pace than during the 2018-2022 period. This projection is due to several factors: first, there is a higher level of market saturation with existing 8K technology, making further expansion more incremental. Second, the demand for 8K content remains relatively niche, with only a handful of studios and streaming services producing content at this resolution. However, innovations in AI upscaling and the gradual adoption of 8K in professional industries, such as digital filmmaking and medical imaging, are expected to push demand for 8K codec chips higher.
The 8K codec chip market will also be influenced by advancements in semiconductor manufacturing and compression technologies. As companies improve the efficiency and cost-effectiveness of 8K codec chips, adoption will become more accessible for a broader range of consumers. In particular, as 8K televisions become more affordable and 8K content becomes more mainstream, the market for 8K codec chips is poised to expand. The role of 8K codecs in enhancing streaming experiences, gaming, and virtual reality applications will further solidify their market importance over the next decade. Additionally, the increasing integration of 8K technology into the Internet of Things (IoT) and smart cities is expected to increase demand for these chips.
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The 8K codec chip market has undergone significant evolution between 2018 and 2022, with notable shifts in both technological advancements and consumer demand. In the years following 2018, the development of 8K video technology accelerated, driven by major players like Samsung, Sony, and LG. By 2022, the demand for 8K codec chips was heavily influenced by the rise of ultra-high-definition (UHD) displays, streaming platforms offering 8K content, and the continued improvements in consumer electronics. As a result, codec chips capable of processing 8K video became an essential component for modern television sets, projectors, and other display devices.
MediaTek
Realtek
ARM
Socionext
Hisilicon
GokeMirco
Amlogic
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 8K Codec Chip Market
Residential Use
Commercial Use
Based on Types the Market is categorized into Below types that held the largest 8K Codec Chip market share In 2023.
AVS1
AVS3
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 8K Codec Chip Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 8K Codec Chip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 8K Codec Chip Market, By Type
6. Global 8K Codec Chip Market, By Application
7. Global 8K Codec Chip Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 8K Codec Chip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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