Global large format display market achieves record-breaking quarter17 September 2014
The global professional large format display (LFD) market has returned its largest quarter on record with shipments reaching 610,000 units in Q2 2014. That figure represents rises of 5% quarter-on-quarter and 15% year-on-year, according to market analyst Futuresource Consulting.
“We’re seeing market growth almost everywhere in this market,” commented Ben Davis, senior market analyst at Futuresource Consulting. “The major markets of the US and China are showing the most substantial increases – both returning bullish year-on-year growth rates in excess of 17%.”
The EMEA professional LFD market maintained momentum in Q2 2014, with quarterly volumes reaching a total of 173,000 units, and YoY and QoQ growth rates standing at 15% and 4% respectively. Mid-range and entry level product gaining prominence over high end solutions which have lost of 30% of their share.
EMEA market volumes are forecast to grow by 52% YoY in 2014, with total market volumes reaching 931,000 units. A significant proportion of this growth is associated with the second phase of the FATIH tender in Turkey where 187,000 units of 65-inch IFPDs will be installed in state schools.
As for the Americas, the professional LFD market returned a strong quarter in CYQ2 2014. Volumes reached a total of 183,000 units, an increase of 23,000 units on the previous quarter. YoY, the total market growth rate stands at 22% with strong demand in the US, Brazil and Argentina, which accounted for the majority of increase.
Eslewhere in the global LFD market, the APAC professional LFD market returned a consistent quarter, total market volumes reached 254,000 units. Growth rates stand at 1.3% QoQ and 12% YoY, and China continues to drive the region with growing demand for IWB product and videowall solutions. Other major territories in the region including South Korea, Taiwan and Japan posted a relatively slow quarter, comparable with results from the previous year.