Large Format Display Global Market Report 2024

Description

Large Format Display Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on large format display market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Measure the impact of high global inflation on market growth.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for large format display? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The large format display market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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;
Companies Mentioned: Samsung Electronics Co. Ltd.; LG Corporation; Sharp Corporation; Leyard Optoelectronic; Sony Group Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A large format display, exceeding 32 inches in size, represents an LCD flat-screen utilized in commercial settings like retail, hospitality, corporate, and public areas to showcase text, images, and videos for human viewing. This technology aims to enhance customer interaction by presenting dynamic digital signage, captivating advertisements, and real-time information, thereby attracting and engaging customers effectively.

Two primary types of large format displays include video walls and standalone displays. Video wall displays consist of a series of computer monitors, television sets, or video projectors arranged in a tiled multi-monitor setup to form expansive displays. These large format displays encompass various technologies such as LED backlit, OLED, and e-paper, serving applications in both indoor and outdoor environments. They find extensive use in commercial, infrastructural, and institutional settings for their diverse functionalities and versatility.

The large format display market research report is one of a series of new reports from The Business Research Company that provides large format display market statistics, including large format display industry global market size, regional shares, competitors with a large format display market share, detailed large format display market segments, market trends and opportunities, and any further data you may need to thrive in the large format display industry. This large format display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 observed in the past period can be credited to the evolution of digital signage, heightened demand for interactive displays, expanded utilization in outdoor settings, increased integration within healthcare, and widespread adoption in retail and e-commerce sectors.

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%. Anticipated growth in the upcoming period is expected to stem from a focus on energy efficiency and sustainability, heightened demand within the gaming and entertainment sectors, initiatives driving smart city development, increased adoption within healthcare and wayfinding applications, and the surge in remote work solutions. Key trends projected for this period encompass the integration of AI and IoT technologies, advancements in remote collaboration solutions, incorporation of augmented reality (AR), and the prominence of outdoor and high-brightness displays.

The expanding applications of digital signage are poised to drive the growth of the large format display market in the future. Digital signage denotes technologies used to present digital content on large format displays like video walls. These displays are pivotal in interactive meeting rooms, presentations, and digital signage applications. For instance, a report by Scala, a US-based firm specializing in tailored digital signage across various sectors, highlighted that around 73% of global educational institutions perceive digital signage as the future of communication in modern education, fueling the surge in digital signage applications and subsequently, the growth of the large format display market.

Anticipated growth within the retail industry is expected to propel the expansion of the large format display market in the foreseeable future. The retail sector encompasses businesses engaged in selling goods and services to end consumers. Liquid crystal displays (LCDs) play a vital role in enhancing customer experiences, streamlining operations, and boosting sales in retail. The sector's growth has spurred the demand for LCDs, leading to technological advancements and diverse applications. For example, in August 2023, the US Census Bureau reported a 2.1% increase in US retail e-commerce sales for the second quarter of 2023, reaching an estimated $277.6 billion, contributing to a total retail sales estimate of approximately $1,798.2 billion. This growth trajectory within retail is a significant driving force for the large format display market.

Product innovation emerges as a prominent trend gaining traction in the large format display market. Leading companies in this sector prioritize research and development to introduce innovative display solutions for commercial use, aiming to solidify their market presence. For instance, in December 2021, Lenovo Group Limited, a China-based electronics manufacturing company, unveiled its advanced large format display integrated with cutting-edge system-on-a-chip (SoC) technology under the ThinkVision brand. These displays boast features like customizable android operating systems, built-in apps for personalized video playback, touchscreen capabilities, wireless connectivity, and an integrated smart whiteboard feature for collaborative use, reflecting a drive toward innovative solutions in the market.

Major players in the large format display market are rolling out new technologies and advanced products, such as quantum dot technology, to maintain their competitive edge. Quantum dots, nanoscale semiconductor particles, have sizes typically ranging from 2 to 10 nanometers. For instance, in November 2022, Samsung Electronics Co., a South Korea-based electronics giant, launched the Samsung (QD)OLED S95B and Odyssey (QD)OLED G8 gaming monitors employing state-of-the-art quantum technology. These monitors offer enhanced color performance, richer contrast, and exceptional image quality through innovative self-illumination technology. The aim behind these advancements is to cater to diverse customer preferences and create personalized entertainment experiences using cutting-edge technology.

In October 2022, Watchfire, a leading US-based manufacturer specializing in electric signs, successfully acquired Anthem Displays LLC, the financial details of which remain undisclosed. This strategic acquisition aligns with Watchfire's objective to diversify and enhance its product line and services by integrating the offerings provided by Anthem Displays LLC, a reputable US-based company known for its expertise in manufacturing digital displays.

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

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.

The countries covered in the large format display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The large format display market consists of sales of 4K ultra-high-definition (UHD) TV, full high-definition (HD) TV, high-definition television (HDTV), and smart TV . Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12836

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

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Large Format Display Market Size and Growth

5.1. Global Large Format Display Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Large Format Display Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Large Format Display Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Large Format Display Market Segmentation

6.1. Global Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Video Wall
Standalone Display
6.2. Global Large Format Display Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Large Format Display(LFD) with LED backlit display
Large Format Display (LFD) with OLED
Large Format Display(LFD) with E-Paper
6.3. Global Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Indoor
Outdoor
6.4. Global Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial
Infrastructural
Institutional

7. Large Format Display Market Regional And Country Analysis

7.1. Global Large Format Display Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Large Format Display Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Large Format Display Market

8.1. Asia-Pacific Large Format Display Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Large Format Display Market

9.1. China Large Format Display Market Overview
9.2. China Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Large Format Display Market

10.1. India Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Large Format Display Market

11.1. Japan Large Format Display Market Overview
11.2. Japan Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Large Format Display Market

12.1. Australia Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Large Format Display Market

13.1. Indonesia Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Large Format Display Market

14.1. South Korea Large Format Display Market Overview
14.2. South Korea Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Large Format Display Market

15.1. Western Europe Large Format Display Market Overview
15.2. Western Europe Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Large Format Display Market

16.1. UK Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Large Format Display Market

17.1. Germany Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Large Format Display Market

18.1. France Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Large Format Display Market

19.1. Italy Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Large Format Display Market

20.1. Spain Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Large Format Display Market

21.1. Eastern Europe Large Format Display Market Overview
21.2. Eastern Europe Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Large Format Display Market

22.1. Russia Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Large Format Display Market

23.1. North America Large Format Display Market Overview
23.2. North America Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Large Format Display Market

24.1. USA Large Format Display Market Overview
24.2. USA Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Large Format Display Market

25.1. Canada Large Format Display Market Overview
25.2. Canada Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Large Format Display Market

26.1. South America Large Format Display Market Overview
26.2. South America Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Large Format Display Market

27.1. Brazil Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Large Format Display Market

28.1. Middle East Large Format Display Market Overview
28.2. Middle East Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Large Format Display Market

29.1. Africa Large Format Display Market Overview
29.2. Africa Large Format Display Market, Segmentation By Display Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Large Format Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Large Format Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Large Format Display Market Competitive Landscape And Company Profiles

30.1. Large Format Display Market Competitive Landscape
30.2. Large Format Display Market Company Profiles
- 30.2.1. Samsung Electronics Co.Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. LG Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Sharp Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Leyard Optoelectronic
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Sony Group Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Large Format Display Market Competitive Benchmarking

32. Global Large Format Display Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Large Format Display Market

34. Large Format Display Market Future Outlook and Potential Analysis

34.1 Large Format Display Market In 2028 - Countries Offering Most New Opportunities
34.2 Large Format Display Market In 2028 - Segments Offering Most New Opportunities
34.3 Large Format Display Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer