Large Format Display Market 2024: Growth, Trends, Analysis & Forecast 2033 | Competitive Landscape Insights

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.

Market Overview -
A large format display is an LCD flat-screen display larger than 32 inches in size that is used to briefly display text, images, and video for human viewing in commercial settings such as retail shops, hospitality, corporate, and public locations to increase customer interaction. It is used in commercial settings to attract and engage customers by showing dynamic digital signage and eye-catching material such as adverts, displaying information, and real-time information.

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Expanding Applications Propel The Growth Of The Large Format Display Market
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.

Competitive Landscape -
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

Lenovo's Thinkvision Revolutionizes Large Format Displays With Soc Technology
Product innovation is a key trend gaining popularity in the large format display market. Major companies operating in the large format display market are focused on research and development for product innovations that could give better solutions for displays used for commercial purposes and strengthen their position in the large format display market. For instance, in December 2021, Lenovo Group Limited, a China-based company operating in electronics manufacturing introduced its advanced large format display integrated with an innovative technology of system-on-a-chip (SoC) known as ThinkVision. ThinkVision's LFD displays have the distinct feature of system-on-a-chip (SoC), an electronic microchip also known as a single integrated circuit (IC) that contains all the necessary electronic circuits and parts for a given system for efficient working systems such as more processing power and memory in a smaller space. These displays can be customized with the required android operating system as per client need and added unique functionalities such as own video from built-in apps, touch-screen monitor, wirelessly connectivity, and others. It also has an integrated smart whiteboard feature that enables simultaneous drawing by several users.

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Key Segments -
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,

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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