LED Backlit technology to remain dominant in the global large format display market
Two types of backlight technologies are currently deployed in the global large format display market – LED Backlit and CCFL. Of these, LED Backlit is the most preferred technology, being implemented across most large format display devices across the globe. In terms of value, the LED Backlit segment is expected to increase 2.2X during the forecast period. From an estimated market valuation of about US$ 9.5 Bn in 2017, the LED Backlit segment is expected to reach a market value of more than US$ 20 Bn by 2027, registering a CAGR of 8.1% over the forecast period. In terms of value, the CCFL segment is expected to increase 1.2X during the forecast period. The LED Backlit segment is projected to register high Y-o-Y growth rates throughout the period of study.
Key technology developments trending the global large format display market
Introduction of laser phosphor displays: Technological advancements in display technologies have led to the introduction of laser phosphor displays. Owing to several enhanced features such as better image quality and less power consumption, laser phosphor displays are expected to replace LED and LCD displays in the near future.
Simultaneous remote control of multiple large format displays: Owing to increasing consumer demand for advanced features such as remote control functionality along with ease of use, companies manufacturing large format displays have started incorporating features such as simultaneous remote control of multiple large format displays that enable operators to simultaneously control multiple displays remotely using devices like personal computers.
Ambient light sensors in large format displays: As large format displays have outdoor applications at various government and public places and outside retail stores, there is an issue witnessed because of the differences in working conditions during different times of the day i.e., day and night. Manufacturers have started installing ambient light sensors in their large format displays, which enables these displays to automatically adjust the brightness according to outdoor conditions.
Augmented viewing technology with both portrait and landscape modes: With advancements in technology, a transition in viewing orientation is being observed as consumers demand displays that can provide both landscape and portrait viewing orientation. Top market vendors have started introducing large format displays that can be installed in such a way so as to facilitate both landscape and portrait views.
CCFL to be replaced by LED Backlit Technology: Innovations in backlighting technology has led to a transition from cold-cathode fluorescent (CCFL) backlighting to LED backlighting. The advantages associated with LED backlit technology include brighter display, longer product life, reduced thickness, less energy consumption, and elimination of mercury. Most of the leading companies operating in the global large format display market are now implementing LED backlit technology in their large format displays. However, adoption of CCFL technology is still being observed owing to its low costs.
Introduction of interactive (touchscreen) large format displays: Advancements in technology have led to the incorporation of touchscreen large format displays that offer enhanced end user experience. Major applications of touchscreen large format displays are in control rooms, corporate meetings, educational institutes and retail stores. Manufacturers of large format displays are now introducing touchscreen displays to cater to the rising consumer demand.
Use of large format displays in the educational sector: Large display formats are increasingly being used in the educational sector. Interactive large format displays enable several individuals to participate and view simultaneously, making it suitable for exhibiting presentations and lectures.
An exclusive research methodology for accurate estimation of market forecast
Persistence Market Research employs a systematic research methodology to derive the pertinent market numbers for the global large format display market. Insights on the global market for large format display along with the revenue forecast for a period of 10 years from 2017 to 2027 are presented in a comprehensive report titled ‘Large Format Display Market: Global Industry Analysis (2012 – 2016) & Forecast (2017 – 2027).’
The research methodology deployed by Persistence Market Research is an effective combination of extensive primary and exhaustive secondary research to arrive at the correct market numbers. Secondary research is used to determine the global large format display market scenario, structure, trends and opportunities, segmental trends, and key provider overview. Primary research is used to ratify the major drivers and restraints impacting the global large format display market; identify the market opportunities for key players; study the winning strategies followed by large format display providers across the different regional markets; freeze the market segmentation based on type, screen size, deployment type, backlight type, industry, and region; determine the present and future market value potential; anticipate the growth projections in terms of revenue; and identify the top regional trends.
A cohesive report structure for easy access to critical market information and insights
The report on the global large format display market is structured in a systematic manner to present a holistic view of the different sections based on market segmentation. The executive summary presents a quick snapshot of the global large format display market with a market overview and Persistence Market Research analysis and recommendations. The market introduction section defines the market and presents the market taxonomy. The market view point section highlights the macroeconomic factors impacting revenue growth and an opportunity analysis of the global large format display market. The next section presents the global large format display market forecast. This section includes an introduction to the global market, key regulations, market size and Y-o-Y growth, absolute $ opportunity analysis, and value chain analysis.
The next few sections provide a comprehensive forecast for the large format display market across the seven assessed regions. These sections include regional market dynamics (drivers, restraints, trends), historical and current market size analysis, impact analysis of drivers and restraints, regional market attractiveness analysis, and a market presence (intensity map) by region.
A detailed competition profiling to help readers understand the current global market structure
One of the most important chapters in the report features the competitive landscape of the global large format display market. This section focuses on the global market structure, market share analysis, competition intensity mapping by market taxonomy, and a competition dashboard with details of the leading companies operating in the global large format display market. This section also includes company profiles of the top market players – highlighting the company and business overview, key financials, growth and expansion strategies, and recent market developments.
Key assumptions made during the course of the research
Yearly changes in inflation rates have not been considered while forecasting market numbers. The market of large format display includes large sized displays with enhanced features ideal for commercial and professional applications. Top-down approach has been used to assess market numbers for each product category while the bottom-up approach has been used to counter-validate the derived market estimations. Macroeconomic indicators such as GDP, wholesale and retail trade, merchandise trade, and prices have been considered to arrive at the indicated market numbers. Global economic fluctuations have been considered while forecasting market numbers.
Global Large Format Display Market: Taxonomy