Global Large Format Displays Market: LED Backlit Displays Account for Majority Market Share

A new comprehensive study titled “Global Market Study on Large Format Displays: LED Backlit Segment Projected to be the Most Attractive Backlight Technology Through 2027” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global large format displays market is likely to grow at a CAGR of 7.9% during the assessment period.

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The report offers comprehensive and holistic insights into the global large format displays market, highlighting the drivers, restraints, opportunities, and trends shaping adoption among end-users. A detailed competitive analysis is included for the perusal of readers, along with the demand for large format displays in various regions. According to the report, the global large format displays market is witnessing steady adoption owing to its use in clubs, parties, and mega events. The growing trend of watching games and live events on the big screen is creating sustained demand for large format displays globally.

The report segments the global large format displays market into industry, backlight technology, type, screen size, deployment type and region. The industry segment is further sub-segmented into sports, healthcare, education, corporate, retail, hospitality, government & public and others. The backlight technology segment is further bifurcated into CCFL and LED Backlit.

According to the report, LED backlit large format displays are likely to higher adoption among users during the assessment period. This segment is projected to grow at 8.1% CAGR during the assessment period, and reach a valuation of nearly US$ 20 Bn by the end of 2027. CCFL segment is likely to grow at a lower CAGR during the assessment period, however, LED backlit displays will account for the majority share of the market.

On the basis of segment type, the global market is categorized into touchscreen, outdoor, video wall and standalone. By screen size, the global market is divided into 32” to 40”, 40” to 80” and >80”. The deployment type segment divides the global market into two sub-segments which are rental and installed. Geographically, the market is divided into key regions globally which are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.

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North America remains the largest market for large format displays globally, and it is highly likely that the status quo will remain unchanged during the assessment period. Popularity of large format displays in Asia Pacific is likely to open up opportunities for manufacturers during the forecast period.

The report profiles some of the leading players operating in the market. Some of these players are SAMSUNG, NEC Corporation, LG Electronics, Panasonic Corporation, Barco, Koninklijke Philips N.V., Sharp Corporation, Planar Systems Inc., BenQ Corporation and Christie Digital Systems USA, Inc. These players are focusing on increasing their footprint in emerging markets, while investing in R&D to develop innovative products.

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This release was published on openPR.