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Large Format Displays Market is Estimated to be Valued at US$ 20 Bn by 2027

Large Format Displays Market is Estimated to be Valued at US$ 20 Bn by 2027
Large Format Displays Market Expected to Hit US$ 20 Bn by 2027
CCFL and LED Backlit are the 2 technologies that are deployed currently in the types of backlight
technologies. Among these, LED backlit are majorly preferred technology, being utilized in largest
formats display devices worldwide. The LED Backlit segment is anticipated to reach market
valuation of over US$ 20m Bn by the end of 2027, reflecting CAGR of 8.1% throughout the
assessment period. The CCFL segment is estimated to expand at 1.2X throughout the assessment
period, in terms of value. The LED Backlit segment is estimated to register high Y-o-Y growth rates
during the assessment period.Rising international and sports events across the globe, rapid global
urbanization and modernization and high mean time between failures are key factors that are
projected to fuel the growth of the market. However, rising adoption of smart TV, higher cost, as
well as increasing preference towards online advertising are several factors that are projected to
limit the growth of the market.
Large Format Displays Market Research Report Overview @
Technological developments in the display technology resulted into the launch of laser phosphorous
displays. Due to some improved features like less power consumption, better image quality, the
laser phosphor displays are anticipated to replace LCD and LED displays in foreseeable period.Due
to rising consumer demand for improved features like remote control functionality incorporated
with ease of use, various companies are manufacturing large display formats, began including
features such as simultaneous remote control of multiple large format display that enable operators
to simultaneously control multiple displays remotely utilizing devices like personal computers.
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The global market for large format display market has been segmented into less than 80”, 40” to
80” and 32” to 40” on the basis of screen size. Based on product type, touchscreen, outdoor and
standalone video are the segments of the market. Further, on the basis of deployment type, the
market consists of rental and installed segments. On the basis of backlit technology, the market
incorporates CCFL and LED Backlit. Sports, Government & Public, Retail, Education, Corporate,
Healthcare, and Hospitality are the various end-users of the large format displays. The report
reveals analysis of the market over Asia Pacific Excluding Japan, Middle East & Africa, North
America, Western Europe, Japan, Eastern Europe, and Latin America regions.
North America is anticipated to remain the largest regional market, procuring nearly one-third share
of the market by the end of 2027. The 2nd largest region in the market is Western Europe, procuring
nearly 19% share of the market by the end of 2027, in terms of value.The installed segment, based
on deployment type is projected to remain the largest, procuring over two-third share of market
throughout the assessment period.The 40” to 80” segment, by screen type is anticipated to expand
2.2X over the forecast period, procuring nearly three-fifth market share by the end of 2027.The
touchscreen segment, by product type is estimated to witness highest single-digit CAGR throughout
the assessment period.
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Based on the backlit technology, LED Backlit is projected to be the largest segment by the end of
2027, with 95% share of the market, in terms of value throughout the forecast period.On the basis of
industry, in terms of value, the industry segment is projected to remain the largest segment, holding
nearly one-fourth share of the market by the end of 2027, reflecting single-digit CAGR.The report
profiles several leading market players contributing to the growth of the market such as Sharp
Corporation, Christie Digital Systems USA, Inc., SAMSUNG, NEC Corporation, Planar Systems
Inc., Panasonic Corporation, Barco, Koninklijke Philips N.V., BenQ Corporation, and LG
Electronics. Several companies are entering into long-term contracts with business partners to grow
sales revenues and new innovation strategy, thereby allowing large format display vendors to gain
attention of new potential customers in emerging markets.
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