According to the report titled ‘Global Large format display Market Size study, by Offering Type (Displays, controllers, Mount, and accessories and services), by Type and technology (Video walls, standalone displays), by display (below 40 inches, Between 40 and 60 inches, between 60 inches to 90 inches between 90 to 120 inches, and above 120 inches), and Regional Forecasts 2021-2027’, available with Market Study Report, global large format display market was worth USD 573.57 million in 2020 and is projected to exhibit a yearly growth rate of 4.4% during 2021-2027, thereby accumulating USD 775.34 million by the end of analysis timeline.
 

Increasing adoption of signage and interactive displays across commercial sectors, and technological advancements in the field are boosting the expansion of global large format display market. Transformation of retail stores into smart digital stores will also augment the industry outlook.
 

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Several businesses have shifted to online mode of operating in the wake of COVID 19 outbreak, which has led to surging adoption of smart signage, thus driving the overall market development.
 

For the unversed, large format displays are flat screens which are specifically designed for professional use. The sleek and minimal design of these products enable the businesses to display messages and presentations efficiently.
 

On the contrary, availability of affordable and reliable alternative technologies might hinder the progress of global large format display market for the upcoming years.
 

Regionally speaking, North America, Asia Pacific, Europe, and Latin America are notable contributors to the overall industry remuneration. Among these, Asia Pacific currently holds a major market share and is expected to register a significant CAGR during the forecast period. This is attributable to booming population, lifestyle improvements, and growing customer inclination towards large format displays.
 

Major players enlisted in the report which influence the worldwide large format display market trends are ViewSonic Corporation, AU Optronics Corp., Shanghai Goodview Electronics Co. Ltd., Panasonic Corporation, Barco N.V., Sony Group Corporation, Leyrad Optoelectronic Co. Ltd.,  Sharp Corporation, LG Electronics, Inc., and Samsung Electronics Co. Ltd.