How Has The Large Format Display Market Size Evolved In Recent Years?
The large format display market has seen considerable growth due to a variety of factors.
• The market size for large format displays has experienced a robust growth in the past few years. The market is forecasted to expand from $14.51 billion in 2024 to $15.66 billion in 2025, registering a compound annual growth rate (CAGR) of 7.9%. The growth seen in the historical period can be traced back to the evolution of digital signage, the rising demand for interactive displays, their growing application in the outdoors, increased utilization in the healthcare sector, and the surge in adoption in retail and e-commerce.
What Is The Projected Growth Of The Large Format Display Market Size In The Coming Years?
The Large Format Display market is expected to maintain its strong growth trajectory in upcoming years.
• A marked expansion is predicted in the large format display market in the coming years, with an anticipated increase to $21.66 billion in 2029, registering a compound annual growth rate (CAGR) of 8.4%.
This robust growth in the predicted phase can be associated with factors such as energy efficiency and sustainability, the boom in gaming and entertainment, smart city missions, the rising demand in the healthcare sector and wayfinding, and an surge in remote work solutions. The forecast period is also expected to witness key trends like the incorporation of AI and IoT, remote collaboration solutions, integration of augmented reality (AR), outdoor, and high-brightness displays.
What Are The Key Drivers Fueling Growth In The Large Format Display Market?
The large format display market is anticipated to expand due to the rising use of digital signage applications. Digital signage involves the use of display technologies to present digital images and messages on large format displays such as video walls. These displays are crucial for a variety of applications such as interactive meetings, presentations, and digital signage. For example, a report by Voicebooking, a Netherlands-based online platform for booking voice-over services, stated that by the end of 2022, digital advertising spend in Europe had crossed $96.9 billion, a 5% rise from $92 billion in 2021. This suggests that the escalating use of digital signage applications is fostering the growth of the large format display market.
What Are The Principal Market Segments In The Global Large Format Display Industry?
The 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,
Subsegments:
1) By Video Wall: LED Video Wall, LCD Video Wall, Projection Mapping Video Wall
2) By Standalone Display: Digital Signage Displays, Interactive Displays, Touchscreen Displays, High Brightness Displays
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Which Emerging Market Trends Are Altering The Large Format Display Industry?
Significant companies in the large format display market are trending towards product innovation. They are channeling their efforts into research and development to create innovative products that can provide superior solutions for commercial display applications, therefore bolstering their standing in the market. A good example of this is January 2024's launch of Sharp NEC Display Solutions, a German digital signage and visual technology solutions company's new Sharp-branded MultiSync ME Series. The new series of large-scale displays is specifically engineered to confront modern workplace challenges, while delivering exceptional value and performance. The newly unveiled series aims to boost communication and collaboration in different settings, including corporate offices, retail locations, and educational facilities. With their advanced technologies, these displays offer excellent image quality and versatility, along with a broad spectrum of connectivity options, making them appropriate for different usage scenarios.
Who Are the Key Players In The Large Format Display Market?
Major companies operating in the large format display market include:
• 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 Regional Insights Into The Large Format Display Market?
North America was the largest region in the large format display market in 2024. 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.
