Global large format display (LFD) market overview
The global large format display (LFD) market witnesses continual growth. The market rise attributes to the increasing demand and adoption of LFDs in consumer appliances and home appliances worldwide. Besides, rising sales of LFDs in healthcare, retail, sports, and entertainment sectors drive the growth of the market. Substantial R&D investments by industry players in the development of display technologies boost the growth of the market.
Furthermore, the increasing demand from various industry verticals like healthcare, education, corporate, government, and others escalates market growth. According to Market Research Future (MRFR), the global large format display market is poised to garner exponential value by 2027, growing at an impressive CAGR during the review period (2020 – 2027).
Also, the increasing adoption of these displays in commercial digital signage used in museums, retail environments, large offices, and others is one of the major large format display market trends. LFDs, due to their many advantageous features and capabilities useful for 24 hours operation, expand the size of the market. Additionally, the increasing demand for consumer electronics substantiates the growth of the market.
The growing need for sophisticated display controllers in teleconferencing in order to establish hassle-free communications pushes the market value further. The rising trend of teleconferencing that is run at different places and can communicate through conference calls creates substantial market demand. The growing adoption of interactive displays is another major factor driving the growth of the market.
Large Format Display Market – Competitive Landscape
Highly competitive, the global large format display management market appears fragmented due to the presence of many well-established players. To gain a significantly larger competitive share, major players incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product/technology launch. These technology providers invest substantially in the development of novel technologies and upgrades. Industry players focus on optimized situational awareness for customers to ensure their mission success.
large format display (LFD) market Major Players:
Players leading the global large format display market include Samsung Electronics Co., Ltd. (South Korea), Leyard Optoelectronic Co., Ltd. (China), LG Display Co., Ltd. (South Korea), Sony Corporation (Japan), Barco NV (Belgium), NEC Corp. (Japan), TPV Technology Ltd. (Hong Kong), View Sonic Corporation (U.S.), and Sony Corporation. (Japan), among others.
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