Large Format Display Market Size and Forecast 2024-2033|Samsung Electronics Co. Ltd., LG Corporation, Sharp Corporation, Leyard Optoelectronic, Sony Group Corporation

Overview and Scope

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.

Sizing and Forecast

The large format display market size has grown strongly in recent years. It will grow from $13.57 billion in 2023 to $14.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to digital signage evolution, demand for interactive displays, increased use in outdoor applications, rise in healthcare usage, retail and e-commerce adoption.

The large format display market size is expected to see strong growth in the next few years. It will grow to $20.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to energy efficiency and sustainability, gaming and entertainment demand, smart city initiatives, demand in healthcare and wayfinding, rise in remote work solutions.. Major trends in the forecast period include integration of ai and iot, remote collaboration solutions, augmented reality (ar) integration, outdoor and high-brightness displays.

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Segmentation & Regional Insights

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,

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.

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Major Driver Impacting Market Growth

The increased applications for digital signage are expected to propel the growth of the large format display market going forward. Digital signage refers to display technologies used to display digital images and messages on large format displays such as video walls. Large Format Displays are essential for interactive meeting room applications, presentations, and digital signage. For instance, in May 2021, according to the article published by Scala, a US-based company operating in customized digital signage in various sectors, approximately 73% of educational institutes worldwide are viewing digital signage as the future of communication in modern education. Therefore, increased applications for digital signage are driving the growth of the large format display market.

Key Industry Players

Major companies operating in the large format display market report are 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

The large format display market report table of contents includes:

1. Executive Summary

2. Large Format Display Market Characteristics

3. Large Format Display Market Trends And Strategies

4. Large Format Display Market – Macro Economic Scenario

5. Global Large Format Display Market Size and Growth

26. South America Large Format Display Market

27. Brazil Large Format Display Market

28. Middle East Large Format Display Market

29. Africa Large Format Display Market

30. Large Format Display Market Competitive Landscape And Company Profiles

Top Major Players: