Industry researcher MarketsandMarkets reveals that the global large-format display market will grow at an annual rate of 7.2 percent from $US13.1 billion in 2021 to reach $US18.6 billion by 2026. Countries including Australia are expected to witness ‘rapid growth’ as there factors that trigger the growth—high adoption of signage and interactive displays by end users from the commercial sector; technological innovations and advancements related to large format displays; surged demand for 4K and 8K high-resolution commercial-grade large-screen displays from the education, healthcare, and sports & entertainment verticals; and increased investments by emerging economies in real estate and public infrastructure development projects.
The market report projects that the APAC (Asia Pacific) region will hold the largest share of the large format display market in five years. The region is projected to register the largest market share of the large format display market in 2026. APAC is witnessing dynamic changes in the adoption of new technologies and advancements in the retail and infrastructure sectors. China, South Korea, and Japan are the early adopters of large format display products in APAC. However, countries such as India, Australia, Singapore, Thailand, and Malaysia are expected to witness rapid growth in the large format display market owing to the increased infrastructure developments, infusion of foreign investment in several sectors, including retail, transportation, hospitality, healthcare, education, utility, and manufacturing, and government spending in improving public and private infrastructure and services.