The Business Research Company’s report on the Large Format Display Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the large format display industry?
The increasing 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 June 2023, according to a report published by Voicebooking, a Netherlands-based online platform designed for booking voice-over services, by the end of 2022, digital advertising expenditure in Europe exceeded $96.9 billion, reflecting a 5% increase from the previous year’s $92 billion in 2021. Therefore, increased applications for digital signage are driving the growth of the large format display market.
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What is the estimated market size of the large format display sector by 2029, based on current forecasts?
The large format display market size has grown strongly in recent years. It will grow from $14.51 billion in 2024 to $15.66 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. 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 $21.66 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. 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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Who are the top players in the large format display market?
Major companies operating in the large format display market are 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 major trends in the large format display market?
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 January 2024, Sharp NEC Display Solutions, a Germany-based provider of digital signage and visual technology solutions, launched the Sharp-branded MultiSync ME Series. This new range of large-format displays is specifically designed to address contemporary workplace challenges while delivering exceptional performance and value. The new lineup aims to enhance collaboration and communication across various environments, such as corporate offices, retail spaces, and educational institutions. Featuring advanced technologies, these displays promise superior image quality, versatility, and a wide range of connectivity options, making them suitable for diverse applications.
Which geography holds the highest large format display market share?
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.
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How do different segments contribute to the overall expansion of the large format display market?
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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How is the large format display market defined, and what are its core characteristics?
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.
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