TMCnet News
The Worldwide Large Format Display Industry is Expected to Reach $18.6 Billion by 2026 at a CAGR of 7.2% from 2021DUBLIN, July 5, 2021 /PRNewswire/ -- The "Large Format Display Market with COVID-19 Impact Analysis by Offering, Type, Technology (Direct-View LED, LED-backlit LCD), Size, Brightness, Installation Location, Application (Retail, Hospitality, Sports, Education), Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering. The global large format display market size is estimated to be USD 13.1 billion in 2021 and is projected to reach USD 18.6 billion by 2026, at a CAGR of 7.2% during the forecast period. The market has a promising growth potential due to several factors, including the high adoption of signage and interactive displays by end users from the commercial sector, technological innovations and advancements related to large format displays, surged demand for 4K and 8K high-resolution commercial-grade large-screen displays from the education, healthcare, and sports & entertainment verticals, and increased investments by emerging economies in real estate and public infrastructure development projects. Service segment to project highest market growth during the forecast period The services segment is projected to grow at the highest CAGR from 2021 to 2026 for the large format display market, by offering. The high market growth can be attributed to the rising need for display consulting and maintenance services for hardware devices and other services that are repeatedly required by customers throughout the operational life of digital display systems as these displays get adopted in several industries for multiple applications. Moreover, as more businesses understand the importance of large format displays as ideal digital solutions which could positively impact their business growth, the need for consulting services is expected to increase in the coming years. Commercial segment is estimated to hold the largest market share in 2026 The commercial segment for the large format display market is estimated to hold the largest market share in 2026, by application. The growing adoption of large format display products for information broadcast, advertising, and promotions, and content delivery to increase the customer base and enhance consumer satisfaction in the retail, hospitality, corporate, healthcare, and government sectors is expected to fuel the demand for large format displays in commercial applications. Also, the growing use of digital technologies in retail outlets and command and control centers is expcted to boost the market growth during the forecast period. APAC is projected to become the largest geographical market by 2026 APAC is projected to register the largest market size of the large format display market by 2026. The speedy deployment of several macroeconomic policies; rising consumerism; rapid digital revolution, advancing wireless infrastructure; trade and economic integration, and increasing disposable income have accelerated the region's economic and social growth. All these factors are expected to create a high-growth potential of digital displays in retail, transportation, public infrastructure, and corporate sectors. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Large Format Display Market, by Offering 7 Large Format Display Market, by Type and Technology 8 Large Format Display Market, by Display Size 9 Large Format Display Market, by Brightness 10 Large Format Display Market, by Installation Location 11 Large Format Display Market, by Application 12 Geographic Analysis 13 Competitive Landscape 14 Company Profiles 15 Appendix For more information about this report visit https://www.researchandmarkets.com/r/i4m4a0 Media Contact: For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1904 View original content:https://www.prnewswire.com/news-releases/the-worldwide-large-format-display-industry-is-expected-to-reach-18-6-billion-by-2026-at-a-cagr-of-7-2-from-2021--301325495.html SOURCE Research and Markets |