PUBLISHER: Orion Market Research | PRODUCT CODE: 1159315
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159315
Global Large Format Display Market Size, Share & Trends Analysis Report by Display Type (Video Wall, and Standalone), by Application (Indoor, and Outdoor), and by End-User (Commercial, Institutional, and Infrastructural) Forecast Period (2022-2028)
The global large format display market is anticipated to grow at a substantial CAGR of 7.3% during the forecast period. One of the major factors that are fueling the market is the growing technological advancement in display technology which has improved the experience of the products over the years which uses displays. These developments have led to the incorporation of touchscreen technology to be used on large-format displays which has improved the user experience. The key applications of these touchscreen displays are in corporate meetings, retail stores, educational institutes, and control rooms. Major vendors in the market are offering touchscreen displays to cater to the rising demand from consumers. For instance, in June 2021, AG Neovo announced the launch of the new TX-3202, a 32-Inch touch screen display. The TX-3202 is designed to fulfill retail and commercial needs. The product has an interactive, durable screen that can be used 24/7. TX-3202 screens provide an accurate touch experience even through extra glass or with gloves. The TX-3202 multi-touch display can function within a variety of applications. They work as self-service kiosks, information kiosks, or touch screen tables.
The global large format display market is segmented based on the display type, application, and end-user. Based on the display type, the market is segmented into video walls, and standalone. Based on the application, the market is sub-segmented into indoor, and outdoor. Based on the end-user, the market is sub-segmented into commercial, institutional, and infrastructural. Based on application, outdoor is anticipated to grow significantly during the forecast period owing to the increasing demand for large format displays in the commercial sector for business, advertising, entertainment, and information purposes.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is anticipated to grow significantly during the forecast period owing to the growing technological development and advancement in the retail and infrastructure sector. Countries such as China, South Korea, and Japan are the earlier adopter of the large format displays in the region but other countries such as India, Australia, Thailand, and others are growing and has huge market potential.
The major companies serving the global large format display market include Barco NV, LG Electronics, Samsung Electronics Co., Ltd., Sharp NEC Display Solutions, Ltd., Sony Electronics Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2019, Samsung partnered with Golden State Warriors for installing NBA's largest centerhung LED scoreboard at the chase center. Chase Centre is an entertainment and sports venue that provides an incredible fan experience with more than 64 LED video displays including the largest center-hung video display.
Research Methodology
The market study of the global large format display market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: