PUBLISHER: The Business Research Company | PRODUCT CODE: 1659202
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659202
A large format display, exceeding 32 inches in size, represents an LCD flat-screen utilized in commercial settings like retail, hospitality, corporate, and public areas to showcase text, images, and videos for human viewing. This technology aims to enhance customer interaction by presenting dynamic digital signage, captivating advertisements, and real-time information, thereby attracting and engaging customers effectively.
Two primary types of large format displays include video walls and standalone displays. Video wall displays consist of a series of computer monitors, television sets, or video projectors arranged in a tiled multi-monitor setup to form expansive displays. These large format displays encompass various technologies such as LED backlit, OLED, and e-paper, serving applications in both indoor and outdoor environments. They find extensive use in commercial, infrastructural, and institutional settings for their diverse functionalities and versatility.
The large format display market research report is one of a series of new reports from The Business Research Company that provides large format display market statistics, including large format display industry global market size, regional shares, competitors with a large format display market share, detailed large format display market segments, market trends and opportunities, and any further data you may need to thrive in the large format display industry. This large format display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The large format display market size has grown strongly in recent years. It will grow from $14.51 billion in 2024 to $15.66 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to digital signage evolution, demand for interactive displays, increased use in outdoor applications, rise in healthcare usage, retail and e-commerce adoption.
The large format display market size is expected to see strong growth in the next few years. It will grow to $21.66 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to energy efficiency and sustainability, gaming and entertainment demand, smart city initiatives, demand in healthcare and wayfinding, rise in remote work solutions. Major trends in the forecast period include integration of AI and IoT, remote collaboration solutions, augmented reality (AR) integration, outdoor and high-brightness displays.
The growing applications of digital signage are expected to drive the expansion of the large format display market. Digital signage encompasses display technologies that showcase digital images and messages on large format displays, such as video walls. These large format displays are crucial for interactive meeting room applications, presentations, and digital signage. For instance, in June 2023, a report from Voicebooking, a Netherlands-based online platform for booking voice-over services, indicated that digital advertising expenditure in Europe surpassed $96.9 billion by the end of 2022, marking a 5% increase from $92 billion in 2021. Therefore, the rising applications of digital signage are contributing significantly to the growth of the large format display market.
Anticipated growth within the retail industry is expected to propel the expansion of the large format display market in the foreseeable future. The retail sector encompasses businesses engaged in selling goods and services to end consumers. Liquid crystal displays (LCDs) play a vital role in enhancing customer experiences, streamlining operations, and boosting sales in retail. The sector's growth has spurred the demand for LCDs, leading to technological advancements and diverse applications. For example, in August 2023, the US Census Bureau reported a 2.1% increase in US retail e-commerce sales for the second quarter of 2023, reaching an estimated $277.6 billion, contributing to a total retail sales estimate of approximately $1,798.2 billion. This growth trajectory within retail is a significant driving force for the large format display market.
Product innovation is a significant trend gaining traction in the large format display market. Leading companies in this sector are emphasizing research and development to create innovative products that offer enhanced solutions for commercial displays and strengthen their market position. For example, in January 2024, Sharp NEC Display Solutions, a Germany-based provider of digital signage and visual technology solutions, introduced the Sharp-branded MultiSync ME Series. This new line of large-format displays is specifically designed to tackle modern workplace challenges while providing outstanding performance and value. The lineup aims to improve collaboration and communication across various settings, including corporate offices, retail environments, and educational institutions. Equipped with advanced technologies, these displays offer superior image quality, versatility, and a wide array of connectivity options, making them ideal for a range of applications.
Major players in the large format display market are rolling out new technologies and advanced products, such as quantum dot technology, to maintain their competitive edge. Quantum dots, nanoscale semiconductor particles, have sizes typically ranging from 2 to 10 nanometers. For instance, in November 2022, Samsung Electronics Co., a South Korea-based electronics giant, launched the Samsung (QD)OLED S95B and Odyssey (QD)OLED G8 gaming monitors employing state-of-the-art quantum technology. These monitors offer enhanced color performance, richer contrast, and exceptional image quality through innovative self-illumination technology. The aim behind these advancements is to cater to diverse customer preferences and create personalized entertainment experiences using cutting-edge technology.
In October 2022, Watchfire, a leading US-based manufacturer specializing in electric signs, successfully acquired Anthem Displays LLC, the financial details of which remain undisclosed. This strategic acquisition aligns with Watchfire's objective to diversify and enhance its product line and services by integrating the offerings provided by Anthem Displays LLC, a reputable US-based company known for its expertise in manufacturing digital displays.
Major companies operating in the large format display market are Samsung Electronics Co. Ltd., LG Corporation, Sharp Corporation, Leyard Optoelectronic, Sony Group Corporation, Barco NV, Panasonic Holdings Corporation, NEC Corporation, TPV Technology Co. Ltd., ViewSonic Corporation, Vtron Group Co., AUO Corporation, Deepsky Corporation Ltd., AOTO Electronics Co. Ltd, Unilumin Group Co., Prysm Systems Inc., Planar Systems Inc., Liantronics Co. Ltd., Shenzhen Absen Optoelectronic Co. Ltd., Mitsubishi Electric Corporation, Delta Electronics Inc., Daktronics DR., Christie Digital Systems USA Inc., BenQ Corporation, Koninklijke Philips N.V., Hisense Group
North America was the largest region in the large format display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large format display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the large format display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The large format display market consists of sales of 4K ultra-high-definition (UHD) TV, full high-definition (HD) TV, high-definition television (HDTV), and smart TV. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Large Format Display Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on large format display market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for large format display ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The large format display market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.