Market Size of Large Format Display Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 16.48 Billion |
Market Size (2029) | USD 22.63 Billion |
CAGR (2024 - 2029) | 6.54 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Large Format Display (LFD) Market Analysis
The Large Format Display Market size is estimated at USD 16.48 billion in 2024, and is expected to reach USD 22.63 billion by 2029, growing at a CAGR of 6.54% during the forecast period (2024-2029).
The large display market has witnessed many significant technological advancements in the past few years, such as direct-view fine-pixel LED display technology and narrow-bezel LCDs. The previously used bulky and space-consuming displays have evolved into bezel-less and slim displays. The display devices currently used for various purposes have improved contrast ratio and high resolution and consume less power than traditional displays.
- The adoption of digital connectivity and recent advancements in display technologies are expected to drive the rapid adoption of public information displays (PID). The increasing panel size and affordable price of digital displays are a few significant factors resulting in the entry of several new players that find unique product implementations, helping digital screen adoption rapidly. The replacement of billboards with digital signage that comprises LEDs in several countries has aided the growth of the large format LED display products.
- With increasing complexity around online advertising and the premium pricing charged for ad blockers, marketing, and advertising, companies are looking for alternative solutions that may enable them to display their advertisements or messages. This factor presents the outdoor large-format display segment with a lucrative opportunity, which may boost its adoption over the forecast period.
- The technological advancements in display technology have led to the incorporation of touchscreen technology into large format displays that can offer enhanced user experience. The significant applications of these touchscreen displays are in corporate meetings, control rooms, retail stores, and educational institutes. Major vendors in the market are offering touchscreen displays to cater to the rising demand from consumers.
- The traditional indoor video wall sometimes referred to as a display wall, is generally comprised of multiple displays arranged in a rectangular array to create appropriate wall size and aspect. The current format appears to have prevailed for the last decade, and the solution is price-competitive and effective. The approach is to leverage thin bezel liquid crystal displays (LCDs).
- The rising applications of large format displays in digital signage create significant opportunities for the studied market. As interactivity becomes more central to new digital signage network deployments, the technology will likely evolve from single-touch displays to multi-touch screens before ultimately transitioning into multi-user, multi-touch, and ultra-HD/4K displays.
- However, during the COVID-19 pandemic, players focused on innovation based on touchless technologies for interactive large-format displays. Large display interaction using hover and capacitive imaging of all objects and people near the display surface is an intuitive new way to interact.
Large Format Display (LFD) Industry Segmentation
Large format displays (LFDs) are flat-screen displays that are minimal in design and sleek, enabling businesses to display presentations and messages to visitors and customers. The large format displays (LFDs) are available in multiple sizes starting from 32' and going beyond 90', and the displays also can be used independently or grouped for a multi-screen display to act as a storyboard.
The Large Format Display Market is segmented by Display Type (Video Wall, Standalone), by Application (Indoor, Outdoor), by End-User Vertical (Commercial, Infrastructural, Institutional), and by Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By Display Type | |
Video Wall | |
Standalone |
By Application | |
Indoor | |
Outdoor |
By End User | |
Commercial | |
Infrastructural | |
Institutional |
By Geography | |
North America | |
Europe | |
Asia Pacific | |
Rest of the World (Latin America, Middle East and Africa) |
Large Format Display Market Size Summary
The Large Format Display (LFD) Market is poised for substantial growth, driven by technological advancements and increasing demand across various sectors. The market has evolved from bulky, space-consuming displays to sleek, bezel-less designs with enhanced contrast ratios and high resolutions. This transformation is largely attributed to innovations such as direct-view fine-pixel LED display technology and narrow-bezel LCDs. The shift towards digital connectivity and the affordability of larger panel sizes have facilitated the rapid adoption of public information displays. The replacement of traditional billboards with digital signage, particularly in the form of LEDs, has further propelled the market's expansion. The integration of touchscreen technology into LFDs has enhanced user experiences, finding applications in corporate settings, control rooms, retail environments, and educational institutions. The commercial segment, in particular, is expected to witness significant growth due to increased brand activity and the deployment of large screens in shopping malls and retail stores.
Regionally, North America is anticipated to experience notable growth, driven by the presence of key industry players and extensive research and development activities. The rise in outdoor advertisements and the deployment of high-quality video walls in commercial, industrial, and infrastructural applications are key factors contributing to this growth. Strategic partnerships and technological innovations, such as Samsung's micro LED technology and Panasonic's advanced display solutions, are expected to further boost the market. The competitive landscape is characterized by the presence of numerous small and large players, with major companies like Samsung Electronics, LG Electronics, and NEC Corporation leading the charge through product innovation and strategic collaborations. These developments underscore the dynamic nature of the LFD market, with ongoing advancements and strategic initiatives poised to drive its growth over the forecast period.
Large Format Display Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Large Format Display Market
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2. MARKET SEGMENTATION
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2.1 By Display Type
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2.1.1 Video Wall
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2.1.2 Standalone
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2.2 By Application
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2.2.1 Indoor
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2.2.2 Outdoor
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2.3 By End User
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2.3.1 Commercial
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2.3.2 Infrastructural
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2.3.3 Institutional
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2.4 By Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia Pacific
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2.4.4 Rest of the World (Latin America, Middle East and Africa)
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Large Format Display Market Size FAQs
How big is the Large Format Display Market?
The Large Format Display Market size is expected to reach USD 16.48 billion in 2024 and grow at a CAGR of 6.54% to reach USD 22.63 billion by 2029.
What is the current Large Format Display Market size?
In 2024, the Large Format Display Market size is expected to reach USD 16.48 billion.