Large Display Format Market Overviews
Large Display Format Market size was valued at US$ 15.68 Billion in 2023 and the total Large Display Format revenue is expected to grow at 7.3% through 2024 to 2030, reaching nearly US$ 25.68 Billion.
In recent years, the large display format market has seen numerous important technical developments, such as direct-view fine-pixel LED display systems and low bezels LCDs. N arrow screens have replaced the large and spatially consuming displays that were originally involved. In comparison to the conventional displays, the screens now in use for diverse applications have a dynamic contrast ratio, higher resolution, and require lower power. The fast acceptance of public info displays is likely to be aided by recent developments in display technology and the acceptance of the digital connection. As per Samsung, the PID market reached 10.1 million annual PID unit shipments by 2020.
Affordability of display and expanding panel size are two additional aspects that have resulted in the arrival of new competitors looking for creative product solutions, which has aided in the acceptance of advanced screens. In many regions, the displacement of hoardings with digital displays that include LEDs has assisted the growth of large-format LED display goods. With the complex nature of online marketing, as well as the high cost of video ads blockers, marketing, and promotional firms are seeking alternatives that would allow them to broadcast their contents or commercials. This creates a profitable potential for the outdoor large display format market, which might enhance adoption throughout the projected period.
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Large Display Format Market Scope and Methodology:
Because the number of people using the internet is expanding at a quicker rate throughout the world, advertisers use online marketing to reach this growing customer base. Furthermore, because of the growing usage of e-commerce channels by customers, the breakout and quick dissemination of coronavirus has resulted in the greater implementation of digital branding and broadcast strategies. Furthermore, the pandemic has impacted the economic operations of a number of shopping firms throughout the world. As a result, these companies are focusing more than ever on internet advertising, as their budgets for in-store and other offline advertising and broadcasting tactics are shrinking. In the near future, this is projected to have an impact on the need for large display format market.
Large Display Format Market Regional Insights
North America is expected to hold a significant share in the large display format market studied at the end of the forecast period. This is owing to the presence of certain major firms in the region, as well as intensive research and development efforts that culminated in the region's wide-scale embrace of big format screens.
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Large Display Format Market Segmentation
By Application, the commercial segment in the large display format market is expected to witness the fastest growth rate of 8.3% in the forecast period.
This growth rate is mainly due to increased brand and offers advertising activity by multiple companies, who are rapidly putting giant screens of different sizes in shopping centers and commercial shops.
Large Display Format Market Key Players
Samsung Electronics Co., Ltd (South Korea)
LG Display Co., Ltd. (South Korea)
NEC Corporation (Japan)
Sharp Corporation (Japan)
Barco NV (Belgium)
Panasonic Corporation (Japan)
ViewSonic Corporation (US)
Prysm Inc. (US)
Sahara Presentation Systems PLC (Boxlight Corporation) (UK)
STERIS PLC (US)
SigmaSense (US)
Key questions answered in the Large Display Format Market are:
- What is Large Display Format ?
- What was the Large Display Format market size in 2023?
- What is the growth rate of the Large Display Format Market?
- Which are the factors expected to drive the Large Display Format market growth?
- What are the different segments of the Large Display Format Market?
- What growth strategies are the players considering to increase their presence in Large Display Format ?
- What are the upcoming industry applications and trends for the Large Display Format Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Large Display Format Market?
- Who are the leading companies and what are their portfolios in Large Display Format Market?
- What segments are covered in the Large Display Format Market?
- Who are the key players in the Large Display Format market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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