Press release
Large Format Display Market Set to Surge Significantly During 2022-2031
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Key Trends
Some of the key trends in large-format display technology include:
-Increased resolution and brightness: Large format displays are becoming increasingly high-resolution and bright, making them well-suited for a variety of applications such as digital signage, advertising, and entertainment.
-Enhanced durability and reliability: Newer large format displays are designed to be more durable and reliable, with some models featuring shatter-resistant glass and others being rated for 24/7 operation.
-Lower cost: Thanks to advances in manufacturing technology, large format displays are becoming more affordable, making them a more viable option for businesses and consumers alike.
-Greater energy efficiency: Newer large format displays are much more energy-efficient than older models, helping to reduce operating costs.
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Key Drivers
The main drivers of the Large Format Display market are the increasing demand for better display quality, the need for better energy efficiency, and the declining prices of large format displays.
The demand for better display quality is driven by the increasing popularity of high-definition content, the need for better viewing experiences, and the need for better clarity in large-format displays. The need for better energy efficiency is driven by the need to save costs, the need to reduce environmental impact, and the need for better reliability. The declining prices of large format displays are driven by the increasing competition in the market, the need for better economies of scale, and the need for better technology.
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Market Segmentation
The global Large format display market is segmented on the basis of offering, display type, end-user industries and region. On the basis of offering, the market is segmented as displays, controllers, mounts, & other accessories. On the basis of display type, the market is segmented as video wall, standalone. On the basis of end-user industries, the market is segmented as commercial, infrastructural, institutional and industrial. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
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Key Players
The key players in the market are Samsung Electronics Co., Ltd, NEC Corp., LG Display Co., Ltd., Sharp Corp. (Foxconn), Sony Corp., TPV Technology Ltd., Leyard Optoelectronic Co., Ltd., E Ink Holdings, Inc., Barco NV, and AU Optronics Corp.
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