Categories
All News Coronavirus Industry Analysis News

Large Format Displays Market to Generate Heightened Revenue Prospects for Manufacturers in the Next Decade

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.

Drivers and Restraints of Market

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.

To remain ‘ahead’ of your competitors, request for a sample [email protected] https://www.persistencemarketresearch.com/samples/20284

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.

Segmentation of Market

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.

To receive extensive list of important regions, ask for TOC [email protected] https://www.persistencemarketresearch.com/market-research/large-format-displays-market/toc

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.

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.

Request PMR insights on measuring the impact of COVID-19 coronavirus across industries

 

For in-depth competitive analysis, buy [email protected] https://www.persistencemarketresearch.com/checkout/20284

Competitive Landscape

The report profiles several leading market players contributing to the growth of the market such as

  • SAMSUNG 
  • LG Electronics 
  • NEC Corporation 
  • Panasonic Corporation 
  • Koninklijke Philips N.V.
  • Barco 
  • Sharp Corporation 
  • BenQ Corporation 
  • Planar Systems Inc.
  • Christie Digital Systems USA, Inc.
  • Others.

For Related Reports @ https://www.persistencemarketresearch.com/category/ict.asp

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *