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Large Format Display Market Size, Share, Industry Growth
Large Format Display Market Size
As per the report, 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 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%.
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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.
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.
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,
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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
Contents of the report:
1. Executive Summary
2. Large Format Display Market Report Structure
3. Large Format Display Market Trends And Strategies
4. Large Format Display Market - Macro Economic Scenario
5. Large Format Display Market Size And Growth
…..
27. Large Format Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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