Global Large Format Display market research 2024, Forecast To 2033
4 Mar, 2024
The large format display market has seen substantial growth, increasing from$13.57 billion in 2023 to$14.76 billion in 2024, with a compound annual growth rate (CAGR) of 8.7%. Historical growth drivers include digital signage evolution, demand for interactive displays, outdoor applications, healthcare usage, and retail and e-commerce adoption. Strong growth is expected in the next few years, driving the market to$20.46 billion by 2028, attributed to energy efficiency and sustainability, gaming and entertainment demand, smart city initiatives, healthcare and wayfinding needs, and remote work solutions. Major trends in the forecast period include integration of AI and IoT, remote collaboration solutions, augmented reality integration, and outdoor and high-brightness displays.
Global Large Format Display Market Key Driver
The large format display market is experiencing growth fueled by increased applications for digital signage. Digital signage technologies are becoming integral for communication and presentation purposes in various sectors, including education. With approximately 73% of educational institutes worldwide embracing digital signage as the future of communication, the demand for large format displays is on the rise. This trend signifies a significant growth opportunity for the large format display market driven by the increasing adoption of digital signage applications.
Get A Free Sample Of The Global Large Format Display Market ReportGlobal Large Format Display Market Segments
The global 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,
By Geography: The regions covered in the large format display market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the large format display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large format display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Large Format Display Industry Players
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
Get The Full Global Large Format Display Market ReportLarge Format Display Market Overview
A large format display is an LCD flat-screen display larger than 32 inches in size that is used to briefly display text, images, and video for human viewing in commercial settings such as retail shops, hospitality, corporate, and public locations to increase customer interaction. It is used in commercial settings to attract and engage customers by showing dynamic digital signage and eye-catching material such as adverts, displaying information, and real-time information.
Large Format Display Global Market Report 2023 provides data on the global large format display market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The large format display market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.