Global Large Format Display Market

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Global Large Format Display Market
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Increasing innovation in direct-view fine-pixel
LED displays and their technological advantages
driving the LFD market growth
The large format display (LFD) market was valued
at USD 9.51 billion in 2016 and is expected to
reach USD 14.93 billion by 2023, at a CAGR of
6.7 between 2017 and 2023. The availability of
highly bright HD LFDs offering better stability,
flexibility, sustainability, and environment
resistance
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increasing demand for brighter and
power-efficient LFDs in several applications and
increased applications for digital signage are
the major drivers for the market. However,
factors such as increased online/broadcast
advertisement and deployment of wide screen
alternatives such as projectors and screen less
displays are restraining the growth of the market.
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Video walls to witness the highest growth in the
LFD market during the forecast period
Video walls are constructed by joining many
narrow bezel LCD or direct-view LED display tiles
together. There is a huge market potential for
direct-view fine-pixel LED display tiles in video
wall applications as they can offer a seamless
video wall, unlike the lined or interrupted video
walls constructed from narrow bezel LCD tiles.
Standalone displays, on the other hand, are
mostly based on LCD technology and are limited by
fixed size and resolution.
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The market share comparison of video walls and
standalone displays is approximately 31 in the
LFD market, and the trend is expected to increase
during the forecast period in favor of video
walls. LCD is a mature technology, which offers
high picture quality at high resolution. However,
it has a lower brightness level than direct-view
LED displays. Direct-view LED displays, which
were mostly utilized in outdoor applications, are
now penetrating the indoor applications at a
rapid rate owing to the introduction of
fine-pixel LED displays. LCD displays, on the
other hand, have a growth potential only in video
wall applications where narrow bezel LCD tiles
are used.
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LFDs in infrastructural industries such as sports
and entertainment to witness the highest growth
during the forecast period
The infrastructural industries mostly utilize
direct-view large-pixel LED display for outdoor
applications. Fine-pixel LED displays are rapidly
penetrating this market segment and would drive
the growth of LFDs in infrastructural industries.
Sports and entertainment applications would be
the prime focus of major direct-view fine-pixel
LED display suppliers during the forecast period.
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The market for infrastructural industries is
expected to grow because most of the applications
in these industries are outdoor and require
high-brightness displays. Direct-view fine-pixel
LED displays can cater to this demand by offering
significant resolution. Commercial industries
such as retail, hospitality, healthcare,
corporate and broadcast, and government held the
largest market share in 2016 and the trend is
likely to continue till 2023.
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Research Coverage
This research report categorizes the market by
offering display type, technology, and size
brightness level, vertical, application, and
geography. The report also discusses major
drivers, restraints, challenges, and
opportunities for the market. Key players have
been strategically profiled across the value
chain.
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Key Benefits of Buying the Report
1. The report will help leaders/new entrants in
this market in the following ways This report
segments the LFD market comprehensively and
provides the closest market size estimation for
major display technologies across various
verticals, applications, and regions.
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2. The report will allow stakeholders to
understand the pulse of the market by providing
information on drivers, restraints, challenges,
and opportunities for the market. 3. This report
will help stakeholders better understand their
competitors and gain insights on ways to improve
their position in the business. The competitive
landscape section includes the competitor
ecosystem, new product developments,
partnerships, and mergers and acquisitions.
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Full Report
Global Large Format Display Market
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