The global large format display market is anticipated to grow at a significant CAGR of 7.3% during the forecast period. One of the major factors that are boosting the market is the increasing demand for bigger displays. Commercially, institutionally, and personally bigger displays seeks people’s attention more as compared to smaller displays. This has increased the demand for large format displays in most products. For instance, in September 2021, LG introduced one of the biggest TV which has a 325-inch screen. The TV uses Direct View LED technology for delivering a cinema-sized experience with an ultra-HD resolution of an 8K television.
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COVID-19 pandemic has impacted most industries as the nations across the globe enforced lockdown to stop the spread of the virus. This restricted most of the industries’ productions. However, its effect on the display industry was quite opposite as compared to the other industries. The market players of the display industry still made more profit. As per the annual report of Samsung 2020, Samsung Display made a $1.43 billion profit which was $0.32 billion in 2019. As the situation got normal, the profit reached $2.49 billion in 2021.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Large Format Display Market Report Segment
By Display Type
- Video Wall
- Standalone
By Application
- Indoor
- Outdoor
By End-User
- Commercial
- Institutional
- Infrastructural
Global Large Format Display Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global large format display market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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