The value of the global large format displays (LFD) market is predicted to reach USD 13,564.2 million in 2022, growing to USD 23,876.3 million between 2022 and 2032 at a 5.8% CAGR. A rise in digital signage applications is blamed for growth.
Better picture quality displays are in demand for home, commercial, industrial, and educational use due to ongoing advancements in display technology. High-resolution picture quality is available on large-format televisions, making for an unforgettable experience.
Numerous uses for large format displays include projecting posters, adverts, or general customer communications. These displays are a popular option for commercial use due to interactive features like touchscreen capabilities.
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The large format displays market is witnessing rapid technological changes, for instance, the introduction of electronic paper large format displays. These are low power, ultra-thin, and sunlight readable which makes them ideal for use in outdoor applications in transportation, retail, and gas stations among others.
Large Format Display Market: Drivers and Restraints
The primary driver for large format displays is the availability of ultra-high definition displays with enhanced readability features. These features help display pristine image quality with readability from virtually every angle. Also, large-format displays are making a big impact on the digital signage market. Retail is one of the most important segments driving the growth of large format displays.
However, high cost deters many end-users from adopting these large format displays. Instead, they opt for low-cost LCD displays. Also, fluctuating prices of display panels and alternative wide-screen options also hamper the growth of the market.
Global Large Format Display Competitive Landscape
Some of the major Format Display vendors include Barco NV, E Ink Holdings, Inc., Leyard Optoelectronic Co., Ltd., LG Display Co., Ltd., NEC Corporation, Samsung Electronics Co., Ltd., Sharp Corporation, Sony Corporation, and TPV Technology Ltd., and among others.
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Key Segments Profiled In The Large Format Display (LFD) Industry Survey
By Technology:
- LED-backlit display
- OLED
- E-Paper
By Type:
- Video Wall
- Standalone
By Application:
- Indoor
- Outdoor
By End-User:
- Commercial
- Retail
- Hospitality
- Healthcare
- Government, and Command and Control Centers
- Infrastructural
- Sports and Entertainment
- Transportation
- Industrial
- Educational
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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