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Expanding Large Format Display Market: Affecting Factors and Growing Trends
Expanding Large Format Display Market
The Large Format Display market has shown strong growth in the recent years and further expansion is forecasted, driven by the evolution of digital signage, demand for interactive displays, adoption in retail and e-commerce, and the integration of AI and IoT.
What Is The Projected Market Size Of The Global Large Format Display Market And Its Growth Rate?
• The market size of Large Format Display in 2024 was $14.51 billion.
• This is projected to grow to $15.66 billion in 2025 with a compound annual growth rate (CAGR) of 7.9%.
• The forecast for the market size in 2029 is $21.66 billion, growing at a CAGR of 8.4%.
• The growth can be attributed to factors such as digital signage evolution, increased use in outdoor applications, rise in healthcare usage, retail and e-commerce adoption, and demand in healthcare and wayfinding.
What Is Driving The Growth In The Large Format Display Market?
The increasing applications for digital signage are expected to fuel the growth of the Large Format Display market. Digital signage technologies are used to display digital images and messages on large format displays, such as in interactive meeting room applications and digital signage. For example, in 2023, according to a report by Netherlands-based Voicebooking, the digital advertising expenditure in Europe exceeded $96.9 billion, showing a 5% increase from $92 billion in 2021. Such increased applications for digital signage are seen as a driving force for the growth of the Large Format Display market.
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Who Are The Key Players Driving Large Format Display Market Growth?
• Samsung Electronics Co. Ltd.
• LG Corporation
• Sharp Corporation
• Leyard Optoelectronic
• Sony Group Corporation
• Barco NV
• Panasonic Holdings Corporation
• NEC Corporation
• 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
• Koninklijke Philips N.V.
• Hisense Group
What Are The Key Trends In The Large Format Display Market?
• Integration of AI and IoT
• Remote collaboration solutions
• Augmented reality (AR) integration
• Outdoor and high-brightness displays
What Are The Segments Of The Global Large Format Display Market?
• By Display Type: Video Wall, Standalone Display
• By Technology: Large Format Display(LFD) With LED backlit display, Large Format Display (LFD) With OLED, Large Format Display(LFD) With E-Paper
• By Application: Indoor, Outdoor
• By End User: Commercial, Infrastructural, Institutional
Which Region Leads The Large Format Display Market?
North America was the largest market for Large Format Displays in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Large Format Display Market Global Market Report?
- Market Size Analysis: Analyze the Large Format Display Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Large Format Display Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Large Format Display Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Large Format Display Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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