PUNE, India, June 7, 2017 /PRNewswire/ --
The report " 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", published by MarketsandMarkets™, the LFD market is expected to grow to USD 14.93 Billion by 2023 from USD 9.51 Billion in 2016, at a CAGR of 6.7% between 2017 and 2023. Increasing innovation in direct-view fine-pixel LED displays and their technological advantages are is expected to be the major drivers for the market.
Browse 64 market data Tables and 73 Figures spread through 196 Pages and in-depth TOC on "Large Format Display (LFD) Market"
Early buyers will receive 10% customization on this report
Direct-view LED displays to hold the largest share of the LFD market by 2023
There is a growing demand among the customers for commercial video walls based on direct-view LED and LCD technologies. The direct-view fine-pixel LED video walls are expected to revolutionize the LFD market by growing at the highest CAGR during the forecast period. These displays are highly bright, have a significant resolution, and can be used to construct a seamless and infinite size video walls. On the other hand, large-pixel LED and narrow bezel LCD video walls are expected to grow at a significant rate, whereas LCD standalone displays are expected to witness a sharp decline in the market share during the forecast period. Together, the large-pixel and fine-pixel direct-view LED displays are expected to surpass the LCD displays in terms of market share during the forecast period.
LFDs for indoor applications and for commercial industries to hold the major share of the LFD market
LFDs utilized in indoor applications contributed to three times the market share compared with LFDs in outdoor applications. This is because of the use of more costly displays (per square meter)-LCD, fine-pixel LED, and OLED in indoor environments. LFDs in commercial industries contributed the largest market share in 2016 because of the increasing number of malls and shopping centers installing large format displays for last many years. However, infrastructural industries are expected to drive the growth of the LFD market during the forecast period, specifically in sports and entertainment. Direct-view fine-pixel LED displays are expected to witness a high demand in transportation, public places, sports, and entertainment venues during the forecast period.
Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=9304851
North America to hold the major share of the LFD market during the forecast period
North America, comprising the US, Canada, and Mexico, held the largest share of the market in 2016. The US is a major contributor to the growth of the market in North America. Being technologically advanced and economically developed, North America is the leading market for cutting-edge display technologies such as direct-view fine-pixel LED and OLED. In APAC countries such as Japan, South Korea, China, and India, the large population as well as the thriving retail and transportation sectors have created immense opportunities for display manufacturers. The market for newer and high-cost displays, such as OLED and fine-pixel LED, is expected to witness a higher growth rate in North America, whereas comparatively low-cost displays such as LCD and large-pixel LED are expected to witness a higher growth rate in APAC and RoW regions.
Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=9304851
The major players in the 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), and TPV Technology Ltd. (Hong Kong).
Browse Related Reports
Display Market by Technology (LED-backlit LCD, OLED, QD-LED, E-Paper), Display Type (Flat, Flexible, Transparent), Application (Smartphone & Tablet, TV & Digital Signage, PC Monitor & Laptop), Vertical, and Geography - Global Forecast to 2022
Micro-LED Market by Offering (Display Panel and Lighting Device), Application (Smartwatch, NTE Device, Smartphone & Tablet, Laptop & PC Monitor, TV, HUD, Digital Signage Display, Lighting), Vertical, and Geography - Global Forecast to 2025
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States