According to market research firm Research and Markets latest report, is expected in 2023 large-size display market will reach 14.93 billion US dollars. Between 2017 and 2023, the market compound annual growth rate will reach 6.7%.
Current market drivers include the ever-growing LED display, highlighting the availability of high-definition commercial large screens, increasing the number of digital signage applications, and increasing demand for energy-efficient displays.
The same time as video wall, will be higher than the single-screen display to achieve growth. LCD monitors currently occupy the largest market share, but the continuous penetration of LED technology is expected to achieve beyond 2023.
North America currently has the largest market share, but the Asia-Pacific market is expected to achieve the fastest growth during this period, because it has a large number of manufacturers.