Press release
Large Format Displays Market is Expected to Reach a market value of more than US$ 20 Bn by 2027
Large Format Displays Market 2022-2027
CCFL and LED Backlit are the 2 technologies that are deployed currently in the types of backlight technologies. Among these, LED backlit are majorly preferred technology, being utilized in largest formats display devices worldwide. The LED Backlit segment is anticipated to reach market valuation of over US$ 20m Bn by the end of 2027, reflecting CAGR of 8.1% throughout the assessment period. The CCFL segment is estimated to expand at 1.2X throughout the assessment period, in terms of value. The LED Backlit segment is estimated to register high Y-o-Y growth rates during the assessment period.
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Drivers and Restraints of Market
Rising international and sports events across the globe, rapid global urbanization and modernization and high mean time between failures are key factors that are projected to fuel the growth of the market. However, rising adoption of smart TV, higher cost, as well as increasing preference towards online advertising are several factors that are projected to limit the growth of the market.
Technological developments in the display technology resulted into the launch of laser phosphorous displays. Due to some improved features like less power consumption, better image quality, the laser phosphor displays are anticipated to replace LCD and LED displays in foreseeable period.
Due to rising consumer demand for improved features like remote control functionality incorporated with ease of use, various companies are manufacturing large display formats, began including features such as simultaneous remote control of multiple large format display that enable operators to simultaneously control multiple displays remotely utilizing devices like personal computers.
Key Players:
The report has profiled some of the Important players prevalent in the global like – N Sharp Corporation, Christie Digital Systems USA, Inc., SAMSUNG, NEC Corporation, Planar Systems Inc., Panasonic Corporation, Barco, Koninklijke Philips N.V., BenQ Corporation, and LG Electronics and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Large Format Displays.
Segmentation of Market
The global market for large format display market has been segmented into less than 80”, 40” to 80” and 32” to 40” on the basis of screen size.
Based on product type, touchscreen, outdoor and standalone video are the segments of the market. Further, on the basis of deployment type, the market consists of rental and installed segments.
On the basis of backlit technology, the market incorporates CCFL and LED Backlit. Sports, Government & Public, Retail, Education, Corporate, Healthcare, and Hospitality are the various end-users of the large format displays.
The report reveals analysis of the market over Asia Pacific Excluding Japan, Middle East & Africa, North America, Western Europe, Japan, Eastern Europe, and Latin America regions.
North America is anticipated to remain the largest regional market, procuring nearly one-third share of the market by the end of 2027. The 2nd largest region in the market is Western Europe, procuring nearly 19% share of the market by the end of 2027, in terms of value.
The installed segment, based on deployment type is projected to remain the largest, procuring over two-third share of market throughout the assessment period.
The 40” to 80” segment, by screen type is anticipated to expand 2.2X over the forecast period, procuring nearly three-fifth market share by the end of 2027.
The touchscreen segment, by product type is estimated to witness highest single-digit CAGR throughout the assessment period.
Based on the backlit technology, LED Backlit is projected to be the largest segment by the end of 2027, with 95% share of the market, in terms of value throughout the forecast period.
On the basis of industry, in terms of value, the industry segment is projected to remain the largest segment, holding nearly one-fourth share of the market by the end of 2027, reflecting single-digit CAGR.
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Key Stakeholders
Large Format Displays Market Manufacturers
Large Format Displays Market Distributors/Traders/Wholesalers
Large Format Displays Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Large Format Displays Market - Report Highlights
A detailed overview of parent market of Large Format Displays Market
Changing Large Format Displays Market dynamics in the industry
In-depth segmentation of the Large Format Displays Market
Historical, current, and projected Large Format Displays Market size regarding volume and value
Recent industry trends and developments in Large Format Displays Market
Competitive landscape of the Large Format Displays Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Large Format Displays Market performance
Must-have information for Large Format Displays Market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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