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Increasing innovation in directview finepixel LED displays and their technological advantages driving the LFD market growth
The large format display LFD market was valued at USD 9.51 billion in 2016 and is expected to reach USD 14.93 billion by 2023, at a CAGR of 6.7% between 2017 and 2023. The availability of highly bright HD LFDs offering better stability, flexibility, sustainability, and environment resistance; increasing demand for brighter and powerefficient LFDs in several applications; and increased applications for digital signage are the major drivers for the market. However, factors such as increased online/broadcast advertisement and deployment of wide screen alternatives such as projectors and screenless displays are restraining the growth of the market.
Video walls to witness the highest growth in the LFD market during the forecast period
Video walls are constructed by joining many narrow bezel LCD or directview LED display tiles together. There is a huge market potential for directview finepixel LED display tiles in video wall applications as they can offer a seamless video wall, unlike the lined or interrupted video walls constructed from narrow bezel LCD tiles. Standalone displays, on the other hand, are mostly based on LCD technology and are limited by fixed size and resolution. The market share comparison of video walls and standalone displays is approximately 3:1 in the LFD market, and the trend is expected to increase during the forecast period in favor of video walls. LCD is a mature technology, which offers high picture quality at high resolution. However, it has a lower brightness level than directview LED displays. Directview LED displays, which were mostly utilized in outdoor applications, are now penetrating the indoor applications at a rapid rate owing to the introduction of finepixel LED displays. LCD displays, on the other hand, have a growth potential only in video wall applications where narrow bezel LCD tiles are used.
LFDs in infrastructural industries such as sports and entertainment to witness the highest growth during the forecast period
The infrastructural industries mostly utilize directview largepixel LED display for outdoor applications. Finepixel LED displays are rapidly penetrating this market segment and would drive the growth of LFDs in infrastructural industries. Sports and entertainment applications would be the prime focus of major directview finepixel LED display suppliers during the forecast period. The market for infrastructural industries is expected to grow because most of the applications in these industries are outdoor and require highbrightness displays. Directview finepixel LED displays can cater to this demand by offering significant resolution. Commercial industries such as retail, hospitality, healthcare, corporate and broadcast, and government held the largest market share in 2016 and the trend is likely to continue till 2023.
North America to hold the largest market size and APAC to witness the highest growth in the LFD market
North America is expected to continue to hold the largest share of the LFD market owing to the high adoption rate of LFDs based on the latest technology LFDs in the regions. Early exposure to the latest display products is the driving factor for the growth of the market in the retail, transportation, and many other industries in North America. The market in APAC is expected to grow at the highest rate between 2017 and 2023 due to the presence of major display panel manufacturers and various brand product manufacturers in China, Japan, South Korea, Taiwan, and Hong Kong. Newer and highcost displays, such as OLED and finepixel LED, are expected to grow at a higher rate in North America, whereas lowcost displays such as LCD and largepixel LED are expected to witness a higher growth rate in APAC and RoW.
Extensive primary interviews have been conducted with key people in the industry to determine and verify the market size of several segments and subsegments that were gathered through secondary research. The breakup of the primary participants has been shown below:
By Company Size: Tier I 35 %, Tier II 25%, and Tier III 40%
By Designation Level: C Level 20%, D Level 55%, and Others 25%
By Region: North America 25%, APAC 55%, Europe 15%, and ROW 5%
The report also profiles the key players in the display market. The prominent players profiled in this report are Samsung Electronics Co., Ltd. South Korea, LG Display Co., Ltd. South Korea, NEC Corp. Japan, Leyard Optoelectronic Co., Ltd. China, Sharp Corp. Foxconn Japan, Barco NV Belgium, Sony Corp. Japan, TPV Technology Ltd. Hong Kong, AU Optronics Corp. Taiwan, and E Ink Holdings Inc. Taiwan.
This research report categorizes the market by offering; display type, technology, and size; brightness level, vertical, application, and geography. The report also discusses major drivers, restraints, challenges, and opportunities for the market. Key players have been strategically profiled across the value chain.
Key Benefits of Buying the Report:
The report will help leaders/new entrants in this market in the following ways:
1. This report segments the LFD market comprehensively and provides the closest market size estimation for major display technologies across various verticals, applications, and regions.
2. The report will allow stakeholders to understand the pulse of the market by providing information on drivers, restraints, challenges, and opportunities for the market.
3. This report will help stakeholders better understand their competitors and gain insights on ways to improve their position in the business. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.
Original Article: Large Format Display LFD Market by Offering, Display Type Video Wall Standalone, Technology LEDBacklit LCD, DirectView LED, OLED, EPaper, Size, Brightness Level, Application Indoor Outdoor, Vertical, and Region Global Forecast to 2023 [Updated: 0706201NEXT ARTICLE
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