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Large Display Format Market: Industry Overview (2024-2030) by Offering, Type, Technology, Display Size, Application, and, Region.
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.
Format : PDF | Report ID : SMR_436
Large Display Format Market Overview:
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.
The market's growth drivers, as well as the market's segments (Offering, Type, Technology, Display Size, Application, and, Region), are analyzed in this research. Market participants, regions, and special requirements have all provided data. This market study provides an in-depth look at all of the important advancements that are currently taking place across all industry sectors. Statistics, infographics, and presentations are used to provide key data analysis. The analysis looks at the market's Drivers, Restraints, Opportunities, and Challenges for the Large Display Format market. The study aids in the evaluation of market growth drivers and the determination of how to employ these drivers as a tool. The research also aids in the correction and resolution of difficulties with the global Large Display Format market.
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Large Display Format Market Dynamics:
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.
Consumer attitudes toward purchasing various items and services have changed as a result of the outbreak. The outbreak has prompted companies to increase their usage of audio and visual systems to communicate with customers in physical locations e.g. physical outlets, hotels, airways, and exhibitions. Companies are also choosing temperature-sensing digital terminals, which have bigger panels that show live digital feed e.g. policies, waiting lists, and critical directions, as well as touch-free distributors, temperature indicators, and other features.
Touchscreen functionality has been included onto big format screens as a result of technical developments in display devices, allowing for better user engagement. Touch screens are commonly used in work meetings, command centers, commercial shops, and academic facilities. To meet the needs of customers, major suppliers in the industry are now introducing touchscreen displays.
Large Display Format Market Segment Analysis:
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.
Furthermore, several suppliers provide business displays with enhanced resources and functionality e.g. landscape mode, multiple input channels, weather resilience, longer guarantee, capacity to work all day, and better luminance as contrasted to household displays.
Additionally, during the forecast period, fine pixel LED displays, which are utilized to create excellent video screens, are likely to be in high demand from the commercial industry. In addition, as consumers become more aware of the advantages of video walls, demand for them is projected to surge throughout the world.
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.
The increase in public ads is the main driver of this particular market's growth. As per the Out of Home Advertisement American association, income from OOH marketing increased 7.58% in 2020 compared to 2019. Signboards, road markings, transportation ads, and location-based media are all examples of electronic out-of-home services. The large display format market is predicted to advance at a steady pace in the area throughout the forecast period, owing to the industry's favorable perspective.
The ecosphere stakeholders are collaborating closely to promote emerging solutions into the market under investigation through collaborative relationships. Over the projection period, this is likely to increase demand for big format screens.
In the commerce and building industries, Asia Pacific is seeing sudden changes in the deployment of technological breakthroughs. Asia's entrants of big-size display products include China, South Korea, and Japan. Due to higher infrastructural projects, a concoction of foreign capital across several sectors, including general merchandise, mass transit, accommodation, medical services, public schooling, mobility, and production, and public spending in helping to improve formal and informal systems and facilities, nations e.g. India, Thailand, and Malaysia are expected to see an exponential rise in the large display format market.
The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Large Display Format Market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Large Display Format Market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the ,market by product, price, financial situation, product portfolio, growth plans, and geographical presence.
Breakthroughs in the large display format market are discussed, as well as organic and inorganic growth plans. Various companies are focusing on organic growth strategies such as new product releases, product approvals, and other items such as patents and events. Inorganic growth strategies used in the industry included acquisitions, partnerships, and collaborations.
Large Display Format Market Scope:
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Large Display Market |
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Market Size in 2023 |
USD 15.68 Bn. |
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Market Size in 2030 |
USD 25.68 Bn. |
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CAGR (2024-2030) |
7.3% |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segment Scope |
by Offering
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by Type
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by Technology
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by Display Size
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by Application • Commercial • Institutional • Infrastructure • Industrial |
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Large Display Format Market 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)
- Leyard Optoelectronic (China)
- Sony Corporation (Japan)
Frequently Asked Questions
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
The key players are NEC, Samsung, etc.
the commercial segment is expected to witness the fastest growth rate of 8.3% in the forecast period.
1. Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Up Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Large Display Format Market Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Global Large Display Format Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Market Share
3.2.8. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovations
3.5. Large Display Format Industry Ecosystem
3.5.1. Ecosystem Analysis
3.5.2. Role of the Companies in the Ecosystem
4. Large Display Format Market: Dynamics
4.1. Large Display Format Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Large Display Format Market Drivers
4.3. Large Display Format Market Restraints
4.4. Large Display Format Market Opportunities
4.5. Large Display Format Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Legal Factors
4.7.5. Environmental Factors
4.8. Technological Roadmap
4.9. Regulatory Landscape
4.9.1. Market Regulation by Region
4.9.1.1. North America
4.9.1.2. Europe
4.9.1.3. Asia Pacific
4.9.1.4. Middle East and Africa
4.9.1.5. South America
4.9.2. Impact of Regulations on Market Dynamics
4.9.3. Government Schemes and Initiatives
5. Large Display Format Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1. Large Display Format Market Size and Forecast, by Offering (2023-2030)
5.1.1. Power Discrete
5.1.2. Power Module
5.1.3. Power IC
5.2. Large Display Format Market Size and Forecast, by Type (2023-2030)
5.2.1. Silicon
5.2.2. Silicon Carbide
5.2.3. Gallium Nitride
5.3. Large Display Format Market Size and Forecast, by Technology (2023-2030)
5.3.1. Low Voltage
5.3.2. Medium Voltage
5.3.3. High Voltage
5.4. Large Display Format Market Size and Forecast, by Display Size (2023-2030)
5.4.1. Consumer Electronics
5.4.2. Industrial
5.4.3. Automotive & Transportation
5.4.4. ICT
5.4.5. Aerospace & Defense
5.4.6. Other
5.5. Large Display Format Market Size and Forecast, by Application (2023-2030)
5.5.1. Commercial
5.5.2. Institutional
5.5.3. Infrastructure
5.5.4. Industrial
5.6. Large Display Format Market Size and Forecast, by Region (2023-2030)
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East and Africa
5.6.5. South America
6. North America Large Display Format Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
6.1. North America Large Display Format Market Size and Forecast, by Offering (2023-2030)
6.1.1. Power Discrete
6.1.2. Power Module
6.1.3. Power IC
6.2. Large Display Format Market Size and Forecast, by Type (2023-2030)
6.2.1. Silicon
6.2.2. Silicon Carbide
6.2.3. Gallium Nitride
6.3. Large Display Format Market Size and Forecast, by Technology (2023-2030)
6.3.1. Low Voltage
6.3.2. Medium Voltage
6.3.3. High Voltage
6.4. Large Display Format Market Size and Forecast, by Display Size (2023-2030)
6.4.1. Consumer Electronics
6.4.2. Industrial
6.4.3. Automotive & Transportation
6.4.4. ICT
6.4.5. Aerospace & Defense
6.4.6. Other
6.5. North America Large Display Format Market Size and Forecast, by Application (2023-2030)
6.5.1. Commercial
6.5.2. Institutional
6.5.3. Infrastructure
6.5.4. Industrial
6.6. North America Large Display Format Market Size and Forecast, by Country (2023-2030)
6.6.1. United States
6.6.2. Canada
6.6.3. Mexico
7. Europe Large Display Format Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
7.1. Europe Large Display Format Market Size and Forecast, by Offering (2023-2030)
7.2. Europe Large Display Format Market Size and Forecast, by Type (2023-2030)
7.3. Europe Large Display Format Market Size and Forecast, by Technology (2023-2030)
7.4. Europe Large Display Format Market Size and Forecast, by Display Size (2023-2030)
7.5. Europe Large Display Format Market Size and Forecast, by Application (2023-2030)
7.6. Europe Large Display Format Market Size and Forecast, by Country (2023-2030)
7.6.1. United Kingdom
7.6.2. France
7.6.3. Germany
7.6.4. Italy
7.6.5. Spain
7.6.6. Sweden
7.6.7. Austria
7.6.8. Rest of Europe
8. Asia Pacific Large Display Format Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
8.1. Asia Pacific Large Display Format Market Size and Forecast, by Offering (2023-2030)
8.2. Asia Pacific Large Display Format Market Size and Forecast, by Type (2023-2030)
8.3. Asia Pacific Large Display Format Market Size and Forecast, by Technology (2023-2030)
8.4. Asia Pacific Large Display Format Market Size and Forecast, by Display Size (2023-2030)
8.5. Asia Pacific Large Display Format Market Size and Forecast, by Application (2023-2030)
8.6. Asia Pacific Large Display Format Market Size and Forecast, by Country (2023-2030)
8.6.1. China
8.6.2. S Korea
8.6.3. Japan
8.6.4. India
8.6.5. Australia
8.6.6. Indonesia
8.6.7. Malaysia
8.6.8. Vietnam
8.6.9. Taiwan
8.6.10. Rest of Asia Pacific
9. Middle East and Africa Large Display Format Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
9.1. Middle East and Africa Large Display Format Market Size and Forecast, by Offering (2023-2030)
9.2. Middle East and Africa Large Display Format Market Size and Forecast, by Type (2023-2030)
9.3. Middle East and Africa Large Display Format Market Size and Forecast, by Technology (2023-2030)
9.4. Middle East and Africa Large Display Format Market Size and Forecast, by Display Size (2023-2030)
9.5. Middle East and Africa Large Display Format Market Size and Forecast, by Application (2023-2030)
9.6. Middle East and Africa Large Display Format Market Size and Forecast, by Country (2023-2030)
9.6.1. South Africa
9.6.2. GCC
9.6.3. Nigeria
9.6.4. Rest of ME&A
10. South America Large Display Format Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
10.1. South America Large Display Format Market Size and Forecast, by Offering (2023-2030)
10.2. South America Large Display Format Market Size and Forecast, by Type (2023-2030)
10.3. South America Large Display Format Market Size and Forecast, by Technology (2023-2030)
10.4. South America Large Display Format Market Size and Forecast, by Display Size (2023-2030)
10.5. South America Large Display Format Market Size and Forecast, by Application (2023-2030)
10.6. South America Large Display Format Market Size and Forecast, by Country (2023-2030)
10.6.1. Brazil
10.6.2. Argentina
10.6.3. Rest Of South America
11. Company Profile: Key Players
11.1. Samsung Electronics Co., Ltd (South Korea)
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.3. Financial Overview
11.1.3.1. Total Revenue
11.1.3.2. Segment Revenue
11.1.3.3. Regional Revenue
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. LG Display Co., Ltd. (South Korea)
11.3. NEC Corporation (Japan)
11.4. Sharp Corporation (Japan)
11.5. Barco NV (Belgium)
11.6. Panasonic Corporation (Japan)
11.7. ViewSonic Corporation (US)
11.8. Prysm Inc. (US)
11.9. Sahara Presentation Systems PLC (Boxlight Corporation) (UK)
11.10. STERIS PLC (US)
11.11. SigmaSense (US)
11.12. Leyard Optoelectronic (China)
11.13. Sony Corporation (Japan)
12. Key Findings
13. Analyst Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook
