Futuresource Consulting: Global Large Format Display Market Posts 8.5% CY Q1 Growth
The global B2B Large Format Display (LFD) market reached 576,000 units in CY Q1 2014 representing ‘YoY’ growth of 8.5 percent, ‘QoQ’ growth stands at less than 1 percent with the majority of markets posting similar volumes to CY2013 Q4, according to the latest research from Futuresource Consulting. This is a good result for the market where CYQ1 is traditionally the year’s weakest quarter.
Entry level and mid-range products continue to gain traction in the market. Demand for 24/7 operating product remains stagnant with 24/7 capable displays accounting for less than 50 percent of total market volumes during the quarter.
The trend is evident across all regions but most pronounced in developed markets like those of North America and Western Europe. As these markets mature and the applications for LFD diversify into non 24/7 operating scenarios the data increasingly highlights the trend towards customers trading down to lower grade screen solutions that do not require 24/7 operation.
Super Narrow Bezel (SNB) products retain their strong position in the market as a driver for volume growth with quarterly volumes reaching 126,000 units, a 36 percent growth on the year previous. Quarterly growth for the segment stands at 13 percent with strong demand from both retail and corporate lobby applications driving growth in the sector.
Volume growth is observed across each of the major SNB screen size categories with 55 inch solutions expected to take an increasing share in the segment. 55 inch solutions accounted for 24 percent of video wall volumes in CYQ1 2014. In the longer term, 44 and 47 inch solutions are expected to come under increasing pressure from large 4K displays with declining prices on 80+ inch solutions, offering a viable alternative to 2X2 matrices.
From a holistic market perspective, demand for 720p solutions continues to decline accounting for 10 percent of total market volumes, down from 18 percent a year previous. 1080p strengthening its position as the market standard at 88 percent of total volumes.
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