HOME Research Insight Samsung Electronics Co. Ltd. (South Korea) and LG Display Co., Ltd. (South Korea) are the Two Major Players in the Large Format Display (LFD) Market

Samsung Electronics Co. Ltd. (South Korea) and LG Display Co., Ltd. (South Korea) are the Two Major Players in the Large Format Display (LFD) Market

Commercial displays offer features such as 24x7 operation, extended warranty, high brightness, portrait mode operation, additional input ports, and many others. These displays are manufactured specifically for commercial applications and are usually more reliable than consumer displays. The large format display (LFD) market was valued at USD 9.51 Billion in 2016 and is likely to reach USD 14.93 Billion by 2023, growing at a CAGR of 6.7% between 2017 and 2023. The increasing innovation in direct-view fine-pixel LED displays and their technological advantages; and the availability of highly bright HD LFDs offering better stability, flexibility, sustainability, and environment resistance are the major driving factors for the growth of this market. With the launch of new fine-pixel LED- and OLED-based display products and the high requirement for LFDs in various industries (such as sports, retail, and transportation), the market is expected to witness significant growth during the forecast period.

To address the demand for advanced products with thin design and low power consumption, companies in this market are developing and launching new products with enhanced features. Market players also focus on partnerships, agreements, and collaborations to enter into new applications by launching technologically advanced and innovative commercial displays. Panel manufacturers are also expanding their manufacturing capabilities-another strategy widely adopted by companies—to showcase their dominance in the market. LG Display Co., Ltd. (South Korea) has focused on new product launches and expansion, whereas Samsung focuses on regularly launching new products focused on specific applications.

Samsung Electronics Co. Ltd. (South Korea) and LG Display Co., Ltd. (South Korea) are the two major players in the LFD market.

Samsung’s market dominance is attributed to its penetration in wide application areas, and it continues to develop various display technologies. The company has a diversified product portfolio with different applications and covers verticals such as retail, hospitality, transportation, and many others. Samsung has also been involved in developing customized solutions for customers to ensure enhanced customer satisfaction. Samsung continues to maintain its position through its state-of-the-art technologies that suit a wide range of business needs, including LCD-based transparent displays, the world’s largest LED signage, ultra-narrow and slim-bezel video walls (including the UH55F-E model), UHD signage, and DOOH-equipped trucks.

LG Display is a diversified display product manufacturing company that is involved in the development of various technologies for a wide range of applications. The company has made huge investments to develop the OLED technology, whereas Samsung has invested in Quantum dot LED technology. Also, LG has adopted expansion as its main strategy, mainly due to its large customer base. To meet the demand for panels, the company has been involved in launching new manufacturing plants in various regions. The company offers a wide variety of large format displays based on LED-backlit LCD and OLED technologies for digital signage applications. The company is also focused on developing large flexible and transparent OLED display panels for signage applications to gain a technological edge in the signage domain.

Related Reports:

Large Format Display (LFD) Market 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 Region - Global Forecast to 2023

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