Laser Phosphor Display (LPD) Market to reach USD 9,237.51 million by 2029, registering a CAGR of 14.20 %,business trends

Laser phosphor display (LPD) is a large format display technology which is similar to the cathode ray tube (CRT). Laser phosphor display (LPD) uses a large number of movable mirrors to direct the several beams of light from many ultra-violet lasers onto the screen made up of plastic-glass hybrid material and coated with colour phosphor stripes. The laser draws a picture onto the screen by scanning the line from top to bottom. The energy which comes from the lasers light activates the phosphors, which emit the photons and producing a picture.

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Laser phosphor display (LPD) has powered by the Prysm digital workplace platform software which is used as a digital signage, as a large touchscreen display and in consumer experience centers. In New York has The first retail installation of Laser phosphor display (LPD) went at American Eagle Outfitters in late 2010 Other Laser phosphor display (LPD) deployments such as, 180-degree, 40-foot, collaborative videowall at General Electric's (GE) customer experience center in television studios and Toront, a 10 feet tall and 120 feet long videowall at InterActiveCorp (IAC)'s which is a media company and its headquarters in New York City, and numerous other videowalls.

Data Bridge Market Research analyses that the laser phosphor display (LPD) market was valued at USD 3,193.20 million in 2021 and is expected to reach USD 9,237.51 million by 2029, registering a CAGR of 14.20 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Laser Phosphor Display (LPD) Market Dynamics

Opportunities

Surging Product Launches and Innovation

Additionally, the surging product launches and other innovations by market players further offer numerous growth opportunities within the market. For instance, Prysm launched a Laser Phosphor Display 6K Series in India which is featured with a high fill factor, an immersive bezel free viewing experience and an excellent contrast ratio, resulting in outstanding image quality. This product launch will help the company to improve its product portfolio.

Drivers

Less electricity consumption

Laser phosphor display (LPD) needs less electricity than other competing technologies, including light-emitting diode (LED) and LCD. Prysm says that LPD usage  up to 75% less power and IAC has reported that, the usage of LPD reduce the 70% electricity consumption  than other display technologies on the market,  This is the major factor which is increase the demand of LPD and are expected to drive the growth rate of the market.

Application

Television and Digital Signage

Smartphone and Tablet

E-Reader

Smart Wearables

Pc Monitor and Laptop

Smart Home Appliances

Vehicle and Public Transport

Sports and Gaming Consoles

Some of the major players operating in the laser phosphor display (LPD) market are:

Samsung (South Korea)

LG Display (South Korea)

NEC (Japan)

Sharp NEC Display Solutions (Japan)

Leyard Europe (Germany)

Barco (Belgium)

Sony Corporation (Japan)

E Ink Holdings Inc. (Taiwan)

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