Large Display Format Market Set for Significant Growth, Projected to Reach USD 25.68 Billion by 2030
Market Overview:
The large display format market, valued at USD 15.68 billion in 2023, is set for a substantial expansion, with a projected compound annual growth rate (CAGR) of 7.3% from 2024 to 2030. This growth is attributed to the increasing demand for large, high-quality display systems across various industries, driven by technological advancements, particularly in LED and LCD display technologies. The market is benefiting from the rising trend of digital billboards, public information displays, and video walls in commercial, institutional, and infrastructure applications.
Market Drivers: Several factors are fueling the growth of the large display format market:
- Technological Advancements: The shift towards finer pixel density and low bezel displays has made large format screens more energy-efficient and capable of delivering higher resolutions with enhanced contrast ratios.
- Digital Advertising Growth: As online advertising faces rising costs and limitations due to ad blockers, companies are increasingly adopting large digital displays for outdoor advertising, enhancing visibility and consumer engagement.
- Public Information Displays: The increasing need for real-time information in public spaces such as airports, shopping centers, and transportation hubs is propelling the demand for large display systems.
- Touchscreen Integration: The incorporation of touchscreen technology into large displays, enhancing interactivity in various sectors, including retail, hospitality, and education, is a major growth driver.
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Market Trends:
- Shift Towards Outdoor Digital Displays: Traditional hoardings are being replaced by digital screens, particularly in outdoor advertising, providing dynamic content that attracts higher consumer attention.
- Commercial Sector Growth: Increased investments in commercial advertising and promotional activities are driving the demand for large format screens in shopping malls, exhibitions, and corporate environments.
- Enhanced Video Walls: Fine pixel LED displays are expected to experience high demand, particularly in high-end commercial applications like command centers, broadcasting, and large event venues.
Segmentation:
by Offering
Power Discrete
Power Module
Power IC
by Type
Silicon
Silicon Carbide
Gallium Nitrid
by Technology
Low Voltage
Medium Voltage
High Voltage
by Display Size
Consumer Electronics
Industrial
Automotive & Transportation
ICT
Aerospace & Defense
Other
by Application
• Commercial
• Institutional
• Infrastructure
• Industrial
Regional Analysis:
- North America: Dominates the market due to the presence of major players and high demand for digital advertising and public information displays.
- Asia Pacific: Expected to witness significant growth due to the increasing deployment of large displays in countries like China, South Korea, and Japan, driven by infrastructural projects and the region’s growing retail sector.
- Europe: A steady growth trajectory, driven by technological innovations and strong demand from commercial and institutional sectors, is expected.
- Middle East & Africa and South America: These regions are expected to experience steady growth as digital displays are increasingly integrated into commercial spaces and public infrastructure.
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Key Players:
- Samsung Electronics Co., Ltd. (South Korea)
- LG Display Co., Ltd. (South Korea)
- NEC Corporation (Japan)
- Sharp Corporation (Japan)
- Barco NV (Belgium)
- Panasonic Corporation (Japan)
- ViewSonic Corporation (US)
- Prysm Inc. (US)
- Sahara Presentation Systems PLC (Boxlight Corporation) (UK)
- STERIS PLC (US)
- SigmaSense (US)
- Leyard Optoelectronic (China)
- Sony Corporation (Japan)
Regional Insights:
- North America is anticipated to continue holding a dominant share in the market due to robust demand for outdoor advertising and digital billboards.
- Asia Pacific is set to be the fastest-growing region, fueled by technological advancements in display systems, with countries like China and Japan leading the way.
Key Questions Answered:
- What are the key drivers of growth in the large display format market?
- How is the trend of digital outdoor advertising shaping the industry?
- What is the role of technological advancements in driving market demand?
- Which regions are expected to show the fastest growth in large display formats?
- Who are the leading companies in the large display format market, and what strategies are they using to maintain market leadership?
Conclusion: The large display format market is poised for robust growth, driven by advancements in display technology and the increasing adoption of digital advertising solutions across sectors. As more businesses and public institutions adopt large-scale digital displays for a variety of applications, the market will continue to expand, offering lucrative opportunities for stakeholders across the globe.
Market Scope:
- Market Size in 2023: USD 15.68 Billion
- Market Size in 2030: USD 25.68 Billion
- CAGR (2024-2030): 7.3%
For more insights, detailed analysis, and a free sample report, visit:https://www.stellarmr.com/report/Large-Display-Format-Market/436
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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