PUNE, India, 2017-Jul-25 — /EPR Retail News/ — The factors contributing to the growth of the large format display market are growing innovation in LED displays, increasing usage of these displays in various applications, introduction of 4K technology, power efficiency and low cost of displays. Also, factors such as availability of high definition large format displays and growing application for digital signage acts as opportunities for the large display format market. However, features such stability, flexibility and environment resistance are boosting the overall growth of the market.
Large Format Displays are screens which can be used differently and offer various advantages to various businesses. The large format displays are mostly LCD, LED and Plasma which are connected to display television through HDMI cable or digital signage. Also, display format can be explained as a format where data is displayed.
The Large Format Displays Market are best for retail environments, leisure, museums, hospitals, education and in conferencing applications with limited requirements for brightness and can be operation 24 hours.
Geographically, North-America accounted for the largest market share in the global large format display market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
Major Key Players:
- Leyard Optoelectronic Co., Ltd. (China)
- Samsung Electronics Co., Ltd. (South Korea)
- Barco NV (Belgium)
- Sony Corporation. (Japan)
- LG Display Co., Ltd. (South Korea)
- NEC Corp. (Japan)
- Sony Corporation (Japan)
- TPV Technology Ltd. (Hong Kong)
- View Sonic Corporation (U.S.)
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Regionally, North-America accounted as the largest market share from countries such U.S. among others. The reason is attributed to the increasing investments for these technological products, leading market for cutting edge display technologies, low operational cost and increasing implementation of these displays in the healthcare sector.
However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed to increasing implementation of these technological solutions, manufacturing hub and increasing demand for consumer electronics
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