Global Large Format Display Market to Grow at 6.1% CAGR through 2025

A new comprehensive study titled “Large Format Display Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” has recently been added to the vast database of Market Research Reports Search Engine (MRRSE). According to the report, the global large format display market is likely to grow at a CAGR of 6.1% through 2025.

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The report provides a holistic outlook on the key factors that are boosting the demand for large format displays globally. A qualitative and quantitative analysis on the key growth and restraining factors has been included in the report for the perusal of readers. The report also includes a detailed competitive analysis that profiles some of the leading players in the market.

According to the report, demand for large format displays will continue to be driven by their use in advertising and marketing purposes. Further, use of large format displays is likely to be driven by their growing adoption in sports cafes and bars for entertainment purposes. The growth of the café, restaurant, bar, and pubs in developing countries has had a positive impact on the large format display market.

Although the long-term outlook on large format display market remains positive, high cost can impede demand. Further, growing focus on personalization of entertainment on account of growing proliferation of smartphones is also likely to impede demand. Many restaurants and bars are now offering patrons free WiFi and doing away with large format displays to offer privacy and personized entertainment options. These factors can impede the growth of the market during the assessment period.

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The report segments the global large format display market on the basis of application, end user, display size, display type, technology and region. The application segment is further bifurcated into indoor and outdoor. The end user segment is sub-segmented by corporate, healthcare, retail, sports & entertainment, BFSI and others. The display size segment is categorized into 32-40”, 41-80” and >80”. The report divides the global market on the basis of display type as standalone and videowall. Another segment of technology is sub-segmented into OLED, LED backlit-LCD, LED and others. Geographically, the market is divided into key regions globally which are North America, South America, Europe, Asia Pacific and Middle East & Africa.

The report profiles some of the leading players operating in the market. Some of these players are View Sonic Corporation, Sony Corp., TPV Technology Ltd., Sharp Corp., NEC Corp., Samsung Electronics Co., Ltd., LG Display Co., Ltd., Barco NV, Leyard Optoelectronic Co., Ltd. and Au Optronics Corp.

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This release was published on openPR.