The Large Format Display Global Market Report 2023, provides comprehensive information on the large format display market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global large format display market is expected to grow from $12.75 billion in 2022 to $13.87 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the large format display market is expected to grow to $18.59 billion in 2027 at a CAGR of 7.6%.
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Product innovation is a key trend gaining popularity in the large format display market. Major companies operating in the large format display market are focused on research and development for product innovations that could give better solutions for displays used for commercial purposes and strengthen their position in the large format display market. For instance, in December 2021, Lenovo Group Limited, a China-based company operating in electronics manufacturing introduced its advanced large format display integrated with an innovative technology of system-on-a-chip (SoC) known as ThinkVision. ThinkVision’s LFD displays have the distinct feature of system-on-a-chip (SoC), an electronic microchip also known as a single integrated circuit (IC) that contains all of the necessary electronic circuits and parts for a given system for efficient working systems such as more processing power and memory in a smaller space. These displays can be customized with the required android operating system as per client need and added unique functionalities such as own video from built-in apps, touch-screen monitor, wirelessly connectivity, and others. It also has an integrated smart whiteboard feature that enables simultaneous drawing by several users.
The large format display market 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
North America was the largest region in the large format display market in 2022.
The table of contents in TBRC’s large format display market report includes:
- Executive Summary
- Large Format Display Market Characteristics
- Large Format Display Market Trends And Strategies
- Large Format Display Market – Macro Economic Scenario
- Large Format Display Market Size And Growth
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- Africa Large Format Display Market
- Large Format Display Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Large Format Display Market
- Large Format Display Market Future Outlook and Potential Analysis
- Appendix
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