Large Format Display (LFD) Market Research Report 2021 by Business Overview, Cost Structure Analysis, Growth Size by Opportunities, Share and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Large Format Display (LFD) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Large Format Display (LFD) Market products.

Kenneth Research, in its repository of market research reports, have recently added a report on Large Format Display (LFD) Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Large Format Display (LFD) Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.

On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.

The Large Format Display (LFD) Market  in North America is anticipated to grow significantly owing to the presence of several key players in the region, along with the increasing need of the organizations in the nation to run on a strong ICT infrastructure.

By Offering, Display Type (Video Wall & Standalone), Technology (LED-Backlit LCD, Direct-View LED, OLED, E-Paper), Size, Brightness Level, Application (Indoor & Outdoor), Vertical and Regional Market Size, Status and Forecast to 2025

Market Overview:
The global Large Format Display (LFD) Market was valued at USD 9.34 billion in 2016 and is projected to reach USD 16.5 billion by 2025, growing at a CAGR of 6.54% from 2017 to 2025. Large format displays are designed for demanding applications with high durability and performance requirements. With increasing demand of flat display electronic devices, and increasing expansion of consumer electronics market, the LFD is expected to grow simultaneously at a high CAGR.

Final Report will add the analysis of the impact of COVID-19 on this industry.

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Market Dynamics:
1. Market Drivers
1.1 Increasing Innovation in Direct-View Fine-Pixel LED Displays and Their Technological Advantages
1.2 Availability of Highly Bright Hd LFDs Offering Better Stability, Flexibility, Sustainability, and Environment Resistance
1.3 Increasing Demand for Brighter and Power-Efficient LFDs in Several Applications
1.4 Increased Applications for Digital Signage

2. Market Restraints
2.1 Increased Online/Broadcast Advertisement
2.2 Deployment of Wide Screen Alternatives Such as Projectors and Screenless Displays

Market Segmentation:
1. Global Large Format Display (LFD) Market, by Display type, Technology and Size:
1.1 Video Wall
1.1.1 Display Technology Narrow Bezel LED-Backlit LCD OLED Direct-View Fine-Pixel LED Direct-View Large-Pixel LED Projection Cube
1.2 Standalone Display
1.2.1 Display Technology LED-Backlit LCD OLED E-Paper
1.2.2 Display Size 32–40 Inches 41–60 Inches 61–70 Inches 71–80 Inches More Than 80 Inches

2. Global Large Format Display (LFD) Market, by Offering:
2.1 Displays
2.2 Controllers, Mounts, and Other Accessories
2.3 Consulting and Other Services

3. Global Large Format Display (LFD) Market, by Application:
3.1 Indoor
3.2 Outdoor

4. Global Large Format Display (LFD) Market, by Display Brightness:
4.1 Up to 500 Nits
4.2 501–1000 Nits
4.3 1001–2000 Nits
4.4 2001–3000 Nits
4.5 More Than 3000 Nits

5. Global Large Format Display (LFD) Market, by Vertical:
5.1 Commercial
5.1.1 Retail
5.1.2 Government, and Command and Control Centers
5.1.3 Corporate and Broadcast
5.1.4 Hospitality
5.1.5 Healthcare
5.2 Infrastructural
5.2.1 Sports and Entertainment
5.2.2 Transportation and Public Places
5.3 Institutional
5.3.1 Education
5.3.2 Banking, Financial Services, and Insurance (BFSI)
5.4 Industrial

6. Global Large Format Display (LFD) Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Samsung Electronics Co., Ltd
2. LG Display Co., Ltd.
3. NEC Corp.
4. Sharp Corp. (Foxconn)
5. Leyard Optoelectronic Co., Ltd.
6. Barco NV
7. Sony Corp.
8. TPV Technology Ltd.
9. E Ink Holdings, Inc.
10. Au Optronics Corp.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research study on the Large Format Display (LFD) Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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