Global Large format display Market is valued approximately at USD 573.57 million in 2020 and is anticipated to grow with a healthy growth rate of more than 4.40% over the forecast period 2021-2027. Large format display are flat screens which are sleek and minimal in design that allows businesses to display messages and presentation. The global large format display market is being driven by growing adoption of signage and interactive displays by end users from commercial sector and technological innovations and advancements related to large format displays. Furthermore, high adoption of smart signage products triggered by spread of coronavirus and rapid transformation of retail stores into smart digital stores will provide new opportunities for the global large format display industry. For instance, according to the report of Mvix digital, in 2020, around 53% end-users of digital signage are expected to increase their spending on digital signage in the next two year; 73% of the learning institution use digital signage as a vital element for the purpose of future communication; 56 % of the internal communication teams are considering the increase in use of digital signage with their organization. As a result, increased adaptation of signage displays will necessitate the use of large format display, which will serve as a catalyst for the large format display industry n the future. However, the availability of low-cost and highly reliable substitute technologies may impede market growth over the forecast period of 2021-2027.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions are considered for the regional analysis of global large format display market. Asia Pacific is the significant region across the world in terms of market share due to growing population and enhanced standards of living have stimulated product demand in the region. Whereas Asia pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to the shifting consumer inclination for the uses and benefits of large format display applications in the region.
Major market player included in this report are:
Shanghai Goodview Electronics
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering Type:
Mount and accessories
By Type and technology:
Below 40 inches
Between 40 and 60 inches
Between 60 inches to 90 inches
Between 90 to 120 inches
Above 120 inches
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Large format display Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers