Large Format Display Market by Offering (Controllers, Displays, Mounts), Type (Standalone Display, Video Wall), Technology, Display Size, Display Brightness, Installation Location, Application - Global Forecast 2024-2030

Large Format Display Market by Offering (Controllers, Displays, Mounts), Type (Standalone Display, Video Wall), Technology, Display Size, Display Brightness, Installation Location, Application - Global Forecast 2024-2030

The Large Format Display Market size was estimated at USD 16.65 billion in 2023 and expected to reach USD 17.81 billion in 2024, at a CAGR 7.40% to reach USD 27.46 billion by 2030.

A large format display (LFD) is an LCD flat-screen with a size above 32 inches that is widely used for various commercial purposes, including information, advertising, and real-time messages in retail shops and hospitality purposes. In addition, they are sleek and optimal, allowing businesses to display messages and presentations to customers and visitors.

The increasing use of interactive and signage displays in healthcare, education, and sports industries and the transition of retail stores into smart digital stores worldwide increase the need for large format displays (LFD). However, there are possibilities of LFD damage due to typhoons, rainstorms, and lightning, causing difficulty in the design of large format displays for outdoor environments. In addition, low-cost and reliable alternative technologies are available in the market, lowering the adoption of large format displays. Furthermore, increasing deployment of contactless engagement and vast investments in real estate and public infrastructure development projects in developing economies are projected to expand the market in upcoming years.

Regional Insights

The large format display market is evolving in the Americas owing to the rising demand from various industries such as retail, hospitality, corporate, and public sectors and increasing consumer spending on digital signage solutions to enhance customer engagement and drive business growth. The large format display market is developing in the EMEA due to the increasing adoption of these solutions across verticals such as transportation, sports arenas, entertainment venues, infrastructural developments, and smart city initiatives that require sophisticated display technologies. Africa is witnessing a gradual rise in demand for large format displays with expanding retail spaces and growing urbanization trends. The Asia-Pacific demonstrates immense opportunities for the large format display market owing to rapid urbanization, increased investment in infrastructure projects across China, Japan, India, and other emerging economies, and the presence of manufacturers producing high-quality and affordable large format displays attracting global customers. Additionally, emphasis on producing energy-efficient designs and cutting-edge functionalities is anticipated to boost the adoption of large format displays across the end-use sectors worldwide.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Large Format Display Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing use of interactive and signage displays in commercial sector globally
Robust shift of retail stores into smart digital stores worldwide
Growing use of 4K and 8K high resolution large screen display in healthcare, education, and sports

Market Restraints

Difficulty in design of large format display for outdoor environments

Market Opportunities

Emerging deployment toward contactless engagement
Robust investment in real estate and public infrastructure development projects in developing economies

Market Challenges

Presence of low-cost and reliable alternate technologies

Market Segmentation Analysis

Technology: Significant use of Direct-View Large-Pixel LED displays in outdoor applications
Application: Penetration of large format displays in industrial settings

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Large Format Display Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Large Format Display Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

MOKA launches large format display with BrightSign Built-In

BrightSign and MOKA Technology have collaborated to introduce an innovative series of commercial displays with built-in digital signage capabilities. The range includes various screen sizes, such as 32, 43, 50, 55, and 65 models, providing versatility to suit diverse applications. Each display features a unique combination of 25% haze and a robust 3H surface hardening treatment, ensuring durability and reduced glare for optimal viewing experiences in various environments.

SHARP/NEC Launches New MultiSync M751 Display for High-End Corporate Conferencing and Large Format Digital Signage

Sharp NEC Display Solutions of America (SNDSA) and Sharp Imaging and Information Company of America (SIICA) have jointly introduced a new high-quality, large-format screen to their esteemed M Series portfolio. The NEC MultiSync M751 is specifically designed for professional applications, delivering exceptional visual clarity and brightness in corporate presentations, large-scale digital signage installations in various sectors such as restaurants, retail outlets, and command/control centers. The state-of-the-art MultiSync M751 boasts a 75-inch diagonal screen accompanied by an impressive 500 cd/m2 brightness level.

Grocery TV Launches Large Format Digital Advertising Displays at the Front End of Stores

Grocery TV, a manufacturer of large format display, has recently launched its latest innovation a 32 digital display. This cutting-edge addition now forms part of their new Front End product line, specifically designed for strategic placement in high-traffic zones within retail spaces. The company plans to progressively install these 32 displays across more stores within its network to expand its influence and maintain its competitive edge within the Large Format Display market. The introduction of this state-of-the-art technology highlights Grocery TV's commitment to innovation and customer engagement.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Large Format Display Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Large Format Display Market, highlighting leading vendors and their innovative profiles. These include Absen Optoelectronic Co., Ltd., AOTO Electronics Co., Ltd., AU Optronics Corporation, Barco NV, BenQ Corporation, Christie Digital Systems by Ushio, Inc., Crestron Electronics, Inc., Crystal Display Systems Ltd, Daktronics, Inc., Deepsky Corporation Ltd., Dell Technologies Inc., Delta Electronics, Inc., Dynascan Technology Inc., EIZO Corporation, Epson Corporation, Koninklijke Philips N.V., Leyard Optoelectronic Co., Ltd., LG Electronics, Litemax Electronics Inc., NEC Corporation, Optoma Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., SANSI Technology Inc., Seiko Epson Corp., Sharp Corporation, Shenzhen Liantronics Co., Ltd., Sony Corporation, Toshiba Corporation, and ViewSonic Corporation.

Market Segmentation & Coverage

This research report categorizes the Large Format Display Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
Controllers
Displays
Mounts
Services
Type
Standalone Display
Video Wall
Technology
Direct-View Fine-Pixel LED
Direct-View Large-Pixel LED
LED-Backlit LCD
OLED
Display Size
Above 120 Inches
Below 40
Between 40 & 60 Inches
Between 60 & 90 Inches
Between 90 & 120 Inches
Display Brightness
Above 3,001 Nits
Below 500 Nits
Between 1,001 & 2,000 Nits
Between 2,001 & 3,000 Nits
Between 501 & 1,000 Nits
Installation Location
Indoor
Outdoor
Application
Commercial
Industrial
Infrastructure
Institutional
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

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