Large Format Displays Market Scope
large format displays (LFDs) are flat screens that are sleek and very minimal in design, allowing businesses to display messages and presentations to customers and visitors. Designed with thin bezels, they are usually mounted onto walls and are the prime focus of the room. Advancements in technology have led to the incorporation of touchscreen large format displays that offer enhanced end user experience. Major applications of touchscreen large format displays are in control rooms, corporate meetings, educational institutes and retail stores. The increasing innovation in direct-view LED displays and their technological advantages are driving the growth of the LFD market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), NEC Corp. (Japan), Leyard Optoelectronic Co., Ltd. (China), Sharp Corp. (Foxconn) (Japan) and Barco NV (Belgium) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that china Vendors will contribute to the maximum growth of Global Large Format Displays market throughout the predicted period.
Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), NEC Corp. (Japan), Leyard Optoelectronic Co., Ltd. (China), Sharp Corp. (Foxconn) (Japan) and Barco NV (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sony Corp. (Japan) and TPV Technology Ltd. (Hong Kong).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Large Format Displays market by Type , by Application (Government & Public, Hospitality, Retail, Corporate, Education, Healthcare, Sports and Others) and Region with country level break-up.
On the basis of geography, the market of Large Format Displays has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2023,Leyard showcases its latest LED display technologies at the Integrated Systems Europe (ISE) trade show, including micro-LED displays, transparent LED displays, and curved LED displays. Source: https://www.marketresearchfuture.com/reports/large-format-display-market-3184
In March 2017, Samsung showcased its portfolio of innovative signage solutions for a range of industries at the Digital Signage Expo (DSE) 2017. It included UHD LED edge-lit display—QM98F 98”, fine-pitch indoor HDR display— IF015H, highly bright outdoor display—OM55D, mirror display—ML55E-R, stretch display— SH37F, and premium TIZEN powered display—PM55F.
Influencing Trend:
Increased Applications for Digital Signage
Market Growth Drivers:
Increasing Innovation in Direct-View Fine-Pixel LED Displays and Their Technological Advantages, Availability of Highly Bright Hd LFDs Offering Better Stability, Flexibility, Sustainability, and Environment Resistance and Increasing Demand for Brighter and Power-Efficient LFDs in Several Applications
Challenges:
High Product Cost and Fluctuating Average Selling Price of Display Panels
Restraints:
Increased Online/Broadcast Advertisement and Deployment of Wide Screen Alternatives Such as Projectors and Screenless Displays
Opportunities:
Emerging Applications for Flexible Displays and Development of OLED and Direct-View Fine-Pixel LED Displays
Key Target Audience
Display panel manufacturers, Display manufacturing equipment suppliers, Display-related service providers, Display-related associations, organizations, forums, and alliances, Government bodies such as regulating authorities and policy makers, Venture capitalists and start-ups, Display device end users and industries and Research institutes, organizations, and consulting companies