The increased online/broadcast advertisement and deployment of wide screen alternatives such as projectors and screenless displays are the major restraints for the growth of the market.
Seattle, WA -- (SBWIRE) -- 06/15/2017 -- The increasing innovation in direct-view fine-pixel LED displays and their technological advantages are driving the growth of the LFD market. The market is also driven by factors such as availability of highly bright HD LFDs offering better stability, flexibility, sustainability, and environment resistance; increasing demand for brighter and power-efficient LFDs in several applications; and increased applications for digital signage.
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, growing at a CAGR of 6.7% between 2017 and 2023.
For complete analysis, download free sample PDF here: sample_pdf_lfd_technology
This analysis is based on, "Large Format Display (LFD) Market by Offering, Display Type (Video Wall & Standalone), Technology (LED-Backlit LCD, Direct-View LED, OLED, E-Paper), Size, Brightness Level, Application (Indoor & Outdoor), Vertical, and Region - Global Forecast to 2023"
The market is segmented into video walls (tiles of any size) and standalone displays (more than 32 inches). Video wall displays contributed a larger market share in 2016 and are expected to witness a higher growth rate than standalone displays. The growing awareness among customers regarding the benefits of video wall has drastically increased their adoption rate worldwide.
LCD displays held the large market share in 2016, and the trend is expected to continue during the forecast period. However, this market share is expected to decline rapidly owing to the growth of direct-view fine-pixel LED technology. Currently, large-pixel LED displays are widely used in various outdoor applications, and with the high adoption rate of fine-pixel LED displays, both fine-pixel and large-pixel direct-view LED displays would hold a larger market share by 2023, surpassing the LCD technology.
Commercial industries held the largest market share in 2016 because of the rising installation large format displays in malls and shopping centers.
North America & APAC being technologically advanced and developed, is a leading market for cutting-edge display technologies such as direct-view LED and OLED and held the largest share of the market in 2016.
The market for newer and high-cost displays, such as OLED and fine-pixel LED, is expected to grow at a higher rate in North America, whereas low-cost displays, such as LCD and large-pixel LED, would witness higher growth in APAC and RoW.
For complete report PDF brochure, click here: pdf_report_brochure_lfd
Major companies operating in the this market 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), among others.
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