Press release
Large Format Display Market Share, Key Drivers, Size And Business Opportunities 2033
Large Format Display Market Overview
The Business Research Company presents an extensive market research report on the Large Format Display Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The large format display market size has grown strongly in recent years. It will grow from $13.57 billion in 2023 to $14.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to digital signage evolution, demand for interactive displays, increased use in outdoor applications, rise in healthcare usage, retail and e-commerce adoption..
The large format display market size is expected to see strong growth in the next few years. It will grow to $20.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to energy efficiency and sustainability, gaming and entertainment demand, smart city initiatives, demand in healthcare and wayfinding, rise in remote work solutions.. Major trends in the forecast period include integration of ai and iot, remote collaboration solutions, augmented reality (ar) integration, outdoor and high-brightness displays..
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Key Market Players:
Major companies operating in the large format display market report are Samsung Electronics Co.Ltd., LG Corporation, Sharp Corporation, Leyard Optoelectronic, Sony Group Corporation, Barco NV, Panasonic Holdings Corporation, NEC Corporation, E Ink Holdings Inc., TPV Technology Co. Ltd., ViewSonic Corporation, Vtron Group Co., AUO Corporation, Deepsky Corporation Ltd., AOTO Electronics Co. Ltd, Unilumin Group Co., Prysm Systems Inc., Planar Systems Inc., Liantronics Co.Ltd., Shenzhen Absen Optoelectronic Co. Ltd., Mitsubishi Electric Corporation, Delta Electronics Inc., Daktronics DR., Christie Digital Systems USA Inc., BenQ Corporation, Associated Industries China Inc., Koninklijke Philips N.V., SigmaSense, Hisense Group, Dakco
Market Drivers:
The increased applications for digital signage are expected to propel the growth of the large format display market going forward. Digital signage refers to display technologies used to display digital images and messages on large format displays such as video walls. Large Format Displays are essential for interactive meeting room applications, presentations, and digital signage. For instance, in May 2021, according to the article published by Scala, a US-based company operating in customized digital signage in various sectors, approximately 73% of educational institutes worldwide are viewing digital signage as the future of communication in modern education. Therefore, increased applications for digital signage are driving the growth of the large format display market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/large-format-display-global-market-report
The large format display market covered in this report is segmented -
1) By Display Type: Video Wall, Standalone Display,
2) By Technology: Large Format Display(LFD) with LED backlit display, Large Format Display (LFD) with OLED, Large Format Display(LFD) with E-Paper,
3) By Application: Indoor, Outdoor,
4) By End User: Commercial, Infrastructural, Institutional,
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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