How the Large Display Format Market is Driving Innovation in Digital Signage

[Aarti Ghodke]

Large Display Format Market Overview

In recent years, the large display format market has seen numerous important technical developments, such as direct-view fine-pixel LED display systems and low bezels LCDs. N arrow screens have replaced the large and spatially consuming displays that were originally involved. In comparison to the conventional displays, the screens now in use for diverse applications have a dynamic contrast ratio, higher resolution, and require lower power. The fast acceptance of public info displays is likely to be aided by recent developments in display technology and the acceptance of the digital connection. As per Samsung, the PID market reached 10.1 million annual PID unit shipments by 2020.

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Large Display Format Market Scope

Because the number of people using the internet is expanding at a quicker rate throughout the world, advertisers use online marketing to reach this growing customer base. Furthermore, because of the growing usage of e-commerce channels by customers, the breakout and quick dissemination of coronavirus has resulted in the greater implementation of digital branding and broadcast strategies. Furthermore, the pandemic has impacted the economic operations of a number of shopping firms throughout the world. As a result, these companies are focusing more than ever on internet advertising, as their budgets for in-store and other offline advertising and broadcasting tactics are shrinking. In the near future, this is projected to have an impact on the need for large display format market.

Large Display Format Market Segment Analysis

By Application, the commercial segment in the large display format market is expected to witness the fastest growth rate of 8.3% in the forecast period.

This growth rate is mainly due to increased brand and offers advertising activity by multiple companies, who are rapidly putting giant screens of different sizes in shopping centers and commercial shops.

 

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Key Players in the Large Display Format Market

LG Display Co., Ltd. (South Korea)
NEC Corporation (Japan)
Sharp Corporation (Japan)
Barco NV (Belgium)
Panasonic Corporation (Japan)
ViewSonic Corporation (US)
Prysm Inc. (US)

Regional Analysis

North America is expected to hold a significant share in the large display format market studied at the end of the forecast period. This is owing to the presence of certain major firms in the region, as well as intensive research and development efforts that culminated in the region's wide-scale embrace of big format screens.

Key Questions answered in the Large Display Format Market Report are:

• What is Large Display Format Market?
• What is the forecast period of the Large Display Format Market?
• What is the competitive scenario of the Large Display Format market?
• Which region held the largest market share in the Large Display Format Market?
• What are the opportunities for the Large Display Format Market?
• What are the restraining factors in the Large Display Format market?
• Who are the key players of the Large Display Format market?

 

Key offerings:

• Market Share, Size, and Forecast by Revenue|2023-2030
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Large Display Format #
• Landscape- Leading key players and other prominent key players.

 

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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