The Global Large Format Display (LFD) market size is projected to reach USD 20.67 billion by 2028, according to a new report by Grand View Research. The market is expected to grow at a CAGR of 6.73% from 2023 to 2028, driven by the increasing demand for digital signage in commercial and industrial applications.
LFDs are used in a variety of settings, including retail, corporate, education, healthcare, and transportation. In retail, LFDs are used to display product information, promotions, and advertisements. In corporate settings, LFDs are used for presentations, training, and wayfinding. In education, LFDs are used for interactive learning and collaboration. In healthcare, LFDs are used for patient education, medical imaging, and surgery. In transportation, LFDs are used for wayfinding, passenger information, and advertising.
The growth of the LFD market is being driven by a number of factors, including:
Increasing demand for digital signage: Digital signage is a rapidly growing market, and LFDs are a key component of digital signage systems. LFDs offer high-quality images and videos, and they are easy to install and maintain.
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Technological advancements: Technological advancements in LFDs, such as LED backlighting and OLED displays, are improving the quality and performance of LFDs. These advancements are making LFDs more affordable and accessible, which is driving market growth.
Growing demand from emerging economies: Emerging economies such as China, India, and Brazil are showing strong demand for LFDs. These economies are experiencing rapid economic growth, which is leading to increased investment in infrastructure and commercial development. This is driving demand for LFDs in a variety of applications, such as retail, corporate, and education.
The LFD market is segmented by display type, technology, application, and end-user. By display type, the market is segmented into video walls and standalone displays. Video walls are a type of LFD that consists of multiple displays that are arranged together to create a single large display. Standalone displays are individual LFDs that are not part of a video wall.
By technology, the market is segmented into LED backlit displays, OLED displays, and e-paper displays. LED backlit displays are the most common type of LFD. They offer high brightness and contrast ratio, and they are relatively affordable. OLED displays offer better image quality than LED backlit displays, but they are more expensive. E-paper displays are low-power displays that are ideal for applications where power consumption is a concern.
By application, the market is segmented into indoor and outdoor. Indoor applications include retail, corporate, education, and healthcare. Outdoor applications include transportation, advertising, and public information.
By end-user, the market is segmented into commercial, infrastructural, and institutional. Commercial end-users include retailers, corporate organizations, educational institutions, and healthcare providers. Infrastructural end-users include transportation agencies, government organizations, and utilities. Institutional end-users include museums, libraries, and other cultural institutions.
The global LFD market is dominated by a few major players, including Samsung, LG, Sony, and Sharp. These companies offer a wide range of LFDs that meet the needs of a variety of customers. Other players in the market include NEC, Panasonic, Innolux, and AU Optronics.
The LFD market is expected to continue to grow in the coming years, driven by the increasing demand for digital signage and technological advancements. The market is expected to be most active in emerging economies such as China, India, and Brazil.
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