Introduction of the Large format display Market Report

Large-format display (LFD) is a type of output screen used for different purposes in numerous businesses and facilitates various advantages. The large screen display entails a format where information is displayed. These screens generally consist of LED, LCD, and plasma which are later connected to the T.V with the help of digital signage or HDMI.

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Market Dynamic

Key Drivers and Emerging Trends

The easy availability of highly bright HD LFDs offering better flexibility, stability, sustainability and environment resistance is expected to influence the growth of the large format display (LFD) market over the forecast period of 2021 to 2028. Also, the rapid innovation in direct-view fine-pixel led displays, and their technological advantages are also anticipated to flourish the growth of the large format display (LFD) market. Furthermore, the high demand for Brighter and power-efficient LFDs in several applications and the rise in the applications for digital signage are also likely to positively impact the growth of the market. Moreover, the implementation in the healthcare sector and low operational cost are also expected to create a huge demand for large format display (LFD) as well as lifting the growth of the large format display (LFD) market.

Restraint in the Large format display Market

However, increased online or broadcast advertisement and the use of widescreen alternatives such as projectors and screen-less displays are some of the major restraining factors hampering the growth of the large format display market.

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Type – Segment Analysis

Based on the Type, the Video wall segment is expected to grow at a higher CAGR during the forecast period. This can be attributed owing to their rising use by consumer-driven companies in different applications, comprising retail, corporate, public places, sports & entertainment. In addition to that, the growing focus of display manufacturers, such as LG, Planar, Unilumin, NanoLumens, and Unilumin, on designing fine-pixel direct-view LED displays for commercial applications, including corporate, command centers, and retail is also expected to surge the market growth for video walls.

Technology – Segment Analysis

Based on the Technology, the Direct-view Fine-pixel LED is expected to grow at a higher CAGR during the forecast period. This can be attributed owing to the speedy adoption of video wall displays based on this technology in diverse commercial applications because of their falling prices. Furthermore, the rising emphasis on the development of all-in-one fine-pixel direct-view LED display, offered in a single screen design along with pre-configured connected LED display panels which can increase the penetration of these displays in retail outlets, convention centers, corporate offices, museums and other public places, propelling the market growth.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. This region is witnessing a dynamic transition in the adoption of new innovative technologies in the retail and infrastructure sectors. Countries such as China, South Korea and Japan are the early adopters of these products in Asia-Pacific. Furthermore, countries such as India, Australia, Malaysia, Singapore and Thailand are expected to witness rapid growth in the large format display market due to the increased infrastructure developments, infusion of foreign investment in various sectors, including retail, hospitality, healthcare, education, utility, transportation and manufacturing, and government spending in developing public and private infrastructure and services.

Top Market Players

Various notable players operating in the market, include SAMSUNG, LG Electronics, Sharp Corporation, LEYARD, Sony Corporation, NEC Corporation, Panasonic Corporation, Koninklijke Philips N.V., BArco, BenQ Corporation, among others. 

Key Developments:

• • In 2020, Sharp Corporation launched the new massive 8K ultra-HD professional LCD. Also, the new display is packed in 33 million pixels and has a color filter with a diverse color gamut and optimized LED backlight phosphor, offering brilliant clarity and reproduce enhanced grading of red, green and blue in the pixels.
  • In 2020, LG Electronics launched its new microLED signage solution—LG MAGNIT—in the key markets of the Americas, APAC, Europe and the Middle East. The new signage system offers a premium, large-scale display of 163 inches, making it a great microLED system for applications including commercial and public places, convention centers, luxury boutiques, control rooms, and museums.

Segments covered in the Report:

The global Large format display market has been segmented on the basis of Offering, Type, Technology, Application and regions. Based on Offering, the market is segmented into Displays, Controllers, Mounts, and Other Accessories and Services. Based on Type, the market is segmented into Standalone Display and Video Wall. Based on Technology, the market is segmented into LED-backlit LCD, Direct-view Large-pixel LED, Direct-view Fine-pixel LED, OLED and Projection Cube. Based on Application the market is segmented into Commercial, Institutional, Infrastructure and Industrial. 

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Key questions answered in this research report:

• • At what pace is global Large format display market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Large format display market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Large format display market?
  • Which Offering generated maximum revenues in 2020 and identify the most promising Offering during the forecast period?
  • What are the various Type areas of global Large format display market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Type, By Technology, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	SAMSUNG, LG Electronics, Sharp Corporation, LEYARD, Sony Corporation, NEC Corporation, Panasonic Corporation, Koninklijke Philips N.V., BArco, BenQ Corporation, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Large format display Market by Offering

• • Displays
  • Controllers, Mounts, and Other Accessories
  • Services

Global Large format display Market by Type

• • Standalone Display
  • Video Wall

Global Large format display Market by Technology

• • LED-backlit LCD
  • Direct-view Large-pixel LED
  • Direct-view Fine-pixel LED
  • OLED
  • Projection Cube

Global Large format display Market by Application

• • Commercial
  • Institutional
  • Infrastructure
  • Industrial

Global Large format display Market by Region

• • North America Large format display Market (Option 1: As a part of the free 25% customization)
    • North America Large format display Market by Offering
    • North America Large format display Market by Type
    • North America Large format display Market by Technology
    • North America Large format display Market by Application
    • US Large format display Market All-Up
    • Canada Large format display Market All-Up
  • Europe Large format display Market (Option 2: As a part of the free 25% customization)
    • Europe Large format display Market by Offering
    • Europe Large format display Market by Type
    • Europe Large format display Market by Technology
    • Europe Large format display Market by Application
    • UK Large format display Market All-Up
    • Germany Large format display Market All-Up
    • France Large format display Market All-Up
    • Spain Large format display Market All-Up
    • Rest of Europe Large format display Market All-Up
  • Asia-Pacific Large format display Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Large format display Market by Offering
    • Asia-Pacific Large format display Market by Type
    • Asia-Pacific Large format display Market by Technology
    • Asia-Pacific Large format display Market by Application
    • China Large format display Market All-Up
    • India Large format display Market All-Up
    • Japan Large format display Market All-Up
    • Rest of APAC Large format display Market All-Up
  • RoW Large format display Market (Option 4: As a part of the free 25% customization)
    • RoW Large format display Market by Offering
    • RoW Large format display Market by Type
    • RoW Large format display Market by Technology
    • RoW Large format display Market by Application
    • Brazil Large format display Market All-Up
    • South Africa Large format display Market All-Up
    • Saudi Arabia Large format display Market All-Up
    • UAE Large format display Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Large format display Market All-Up

Major Players Operating in the Large format display (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • SAMSUNG
  • LG Electronics
  • Sharp Corporation
  • LEYARD
  • Sony Corporation
  • NEC Corporation
  • Panasonic Corporation
  • Koninklijke Philips N.V.
  • Barco
  • BenQ Corporation