Large Screen Monitor Market: Global Industry Analysis and Forecast (2023-2029)

Large Screen Monitor Market size was valued at US$ 14.04 Bn. in 2022 and the total revenue is expected to grow at 7.2% through 2022 to 2029, reaching nearly US$ 22.84 Bn.
Large Screen Monitor Market Overview:
Huge screen displays are a type of large display screen that improves the visual experience by providing professional-grade image quality and is primarily used for advertising and endorsing. The classic small and micro-display screens have been superseded by enormous wall-sized LED and LCD displays, which are employed in a variety of sectors. They're made for situations in which vendors need to engage their customers/audiences with a broader viewing angle and get the most out of their marketing communications. Furthermore, as compared to regular display panels, OLED displays provide greater durability and performance. Large screen displays are typically used in retail stores, lobbys, control rooms, and other professional settings.To know about the Research Methodology:- Request Free Sample Report
Large Screen Monitor Market Dynamics:
Market Driver: Technical Innovation and advancements

The rapid growth of the worldwide Large Screen Monitor Market has been hastened by the introduction of new display technologies such as OLED displays, micro-LED displays, and electronic paper displays (EPDs). The demand for large format displays has been driven by the development of a direct-view fine-pixel pitch large format LED display that delivers bright images with ultra-high-definition (UHD) resolution, as well as other benefits such as improved stability, higher flexibility, greater energy efficiency, and enhanced durability.

Market Restraints: Decline in demand of Large Screen Monitor from retail stores

Digital advertising has evolved to become more sophisticated, tailored, and relevant. Consumers are spending more time online than ever before, and digital advertising is an excellent way to reach them across multiple devices and channels. As a result, online advertising has become increasingly popular in recent years. Furthermore, the internet's ubiquitous availability has fueled explosive growth in digital advertising. Increased online advertising spending by large firms like Facebook and Google is also a major influence in the increased use of online advertising. Programmatic advertising is gaining traction as well. The use of automated tools and data to make media purchase decisions without human intervention is known as programmatic advertising. Due to this the demand for Large Screen Monitors is decreasing and is a restraint to Large Screen Monitor Market.
Large Screen Monitor Market Segment Analysis:
By Type, the Large Screen Monitor Market is segmented as LCD monitors and LED Monitors. LED monitors dominate the market with the market share of 67% in the year of 2022. This is due to the high efficiency, good life, better quality, many varieties like OLED monitors and QLED monitors and also have better colors and also are light weight and if cost is compared to LCD, then that of LED is lesser. Due to all these advantages of LED over LCD monitors, LCD has the market share of only 33% and is decreasing due to increasing craze of LED monitors. The LED monitors are expected to grow at high rate and dominate the market even more aggressively.

By Application, the Large Screen Monitor Market is segmented as Personal use and Commercial Use. Personal use dominates the market with the market share of 58% in the year of 2022 as these monitors are mostly used in households for watch TV and shows and the use of Large Screen Monitors are increasing for the same purpose as 1 household is now having multiple Large Screen Monitors but it is countered by the growing trend of smartphones. Commercial Use held the market share of 42% in 2022 but it is increasing at very high CAGR because of adoption of Large Screen Monitors by government for use in public places, companies for advertisement, more theatres, etc. It is possible that Commercial Use will be very close to personal use in terms of Market Share.
Large Screen Monitor Market Regional Insights:
North America has the market share of 31% in 2022 because of high personal and commercial use of Large Screen Monitors in the region. Especially, the commercial purposes of advertising, in countries like USA, Canada. Europe also has a big market share of 24% in 2022 due to presence of huge number of key players and people in this region are highly crazy about Large Screen Monitors for the personal households. Asia Pacific has the market share of 20% because of high personal use but lack of commercial use by governments and companies. This region is expected to grow at highest rate due to increasing population, GDP and commercial use by companies and governments. Middle East & Africa has the market share of 17% in 2022 followed by South America with the market share of 8%.

The objective of the report is to present a comprehensive analysis of the Large Screen Monitor market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Large Screen Monitor market dynamics, structure by analyzing the market segments and project the Large Screen Monitor market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Large Screen Monitor market make the report investor’s guide.
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Large Screen Monitor Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US$ 14.04 Bn.


Forecast Period 2023 to 2029 CAGR:
7.2%
Market Size in 2029:
US$ 22.84 Bn.


 Segments Covered:
by Type
• LCD Monitors
• LED Monitors


by Application
• Personal Use
• Commercial Use



Large Screen Monitor Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Large Screen Monitor Market, Key Players are:
• Large Screen Displays (US)
• AOC (Taiwan)
• Barco (Belgium)
• Samsung (South Korea)
• LG (South Korea)
• Philips (Netherlands)
• NEC Display Solutions (US)
• BenQ (Taiwan)
• Acer (Taiwan)
• Asus (Taiwan)
Frequently Asked Questions:
1] What segments are covered in the Large Screen Monitor Market report?
Ans. The segments covered in the Large Screen Monitor Market report are based on Material Type and Application.

2] Which region is expected to hold the highest share in the Large Screen Monitor Market?
Ans. The North America is expected to hold the highest share in the Large Screen Monitor Market.

3] What is the market size volume of the Large Screen Monitor Market by 2029?
Ans. The market size of the Large Screen Monitor Market by 2029 is expected to reach at US$ 22.84 Bn.

4] What is the forecast period for the Large Screen Monitor Market?
Ans. The forecast period for the Large Screen Monitor Market is 2023-2029.

5] What was the market size volume of the Large Screen Monitor Market in 2022?
Ans. The market size of the Large Screen Monitor Market in 2022 was valued at US$ 14.04 Bn.