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Large Format Display Market Trends

Report ID: GMI7776
Published Date: Jan 2024
Report Format: PDF

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Large Format Display Market Trends

A major trend in the Large Format Display (LFD) market is the widespread adoption of Interactive Flat Panel Displays (IFPDs) and touch-enabled LFDs. These displays facilitate hands-on, intuitive user experiences, transforming education through interactive learning environments and enhancing corporate collaboration in meetings. In retail, touch-enabled displays offer interactive product exploration and wayfinding solutions, creating personalized and engaging customer experiences. The integration of multi-touch capabilities and collaborative software further amplifies the versatility of these displays, making them integral to the evolving landscape of interactive and user-centric solutions across various industries.

Authors: Ankit Gupta, Sunita Singh

Frequently Asked Questions (FAQ) :

Large format display industry was valued at around USD 15.5 billion in 2023 and is estimated to reach USD 27.3 billion by 2032, owing to the increasing demand for digital signage, growth in outdoor advertising, and rising popularity of events and entertainment.

LED technology segment held the largest market share of 63.6% in 2023 and is poised for growth through 2032, driven by its energy efficiency, high brightness, and versatility.

North American large format display market is slated to grow at CAGR of 5.8% through 2032, favored by well-established and resilient retail infrastructure, providing a conducive environment for the widespread adoption of LFDs in commercial and consumer settings.

Barco NV, Samsung Electronics Co., Ltd. and LG Display Co., Ltd. are some of the main companies operating in the large format display industry.