Large format display (LFD) market size is valued at USD 20.67 billion by 2028 is expected to grow at a compound annual growth rate of 6.73% in the forecast period of 2021 to 2028. Large format displays (LFDs) are the flat screens which have a very sleek and minimal design. This in return allows several businesses to display various presentations and messages to their visitors and customers.
These are majorly used for both outdoor and indoor purposes. Growing availability of several types of displays equipped with essential advanced features coupled with rising demand for power efficient displays will enhance the overall market expansion over the forecast time frame.
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Major Market Competitors/Players
Few of the major competitors currently working in the global large format display (LFD) market are SAMSUNG., LG Display Co. Ltd., NEC Corporation, Sharp Corporation, Leyard Optoelectronic Co. Ltd., Barco, Sony Corporation, TPV Technology Limited., E Ink Holdings Inc., AU Optronics Corp., DEEPSKY CORPORATION LTD., Eyevis, VTRON TECHNOLOGIES LTD, AOTO, Unilumin, View Sonic Corporation, Koninklijke Philips N.V., Panasonic Corporation, Planar Systems Inc. and others
Segmentation: Global Large Format Display (LFD) Market
- By Offering (Displays, Controllers, Mounts, Others)
- By Display Type (Video Wall, Standalone)
- By Display Brightness (Less than 500 Nits, 501-1000 Nits, 1001-2000 Nits, 2001-3000 Nits, More than 3000 Nits)
- By Technology (LED-Backlit LCD, Direct-View LED, OLED, E-Paper)
- By Application (Indoor, Outdoor), End-user (Commercial, Infrastructural, Institutional, Industrial)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Competitive Analysis
Global large format display (LFD) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of conversational computing platform market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
- Growing innovations in the field of Direct-View Fine-Pixel Led displays is driving the market growth
- Rising availability of the highly bright HD LFDs offering better flexibility, stability, environment resistance and sustainability is enhancing the market growth
- Surging applications of flexible displays will promulgate the market growth
- Rapid innovations and developments for the OLED will drive the market growth
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Market Restraints:
- Increasing applications of digital signage is hampering the market growth
- Increasing demand for alternatives such as power efficient and more brighter LFDs is hindering the market growth
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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