The Market for Large Format Displays will grow at a 7.9% rate Through 2027

The recently published study analyses and projects the global and regional marketing data for the market for large format displays. This thorough research of the large format displays market offers historical data from the years before 2022 as well as a forecast for the years 2022 to 2027.

The analysis of market determinants for big format screens gives a broad picture of the effect on demand over the predicted time period. The research also investigates the global possibilities made available in the report. An executive summary is also provided, based on the industry snapshot for the years 2022-2030.

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Large Format Display Market to Ride on 7.9% Revenue CAGR through 2027.The LED Backlit segment is anticipated to reach market valuation of over US$ 20 Bn by the end of 2027, reflecting CAGR of 8.1% throughout the assessment period.

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 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.

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.

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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.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

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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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

This release was published on openPR.