15% growth in Large Format Display market

The global professional large format display (LFD) market has returned its largest quarter on record, with total shipments reaching 610,000 units and volume growth achieving 5% quarter-on-quarter and 15% year-on-year, according to the latest market track report from Futuresource Consulting.

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. Year to date market volumes total 340,000 units, up by 39,000 on H1 2013.

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.

“The increased demand for mid and entry level solutions in the Western European markets is expected to lead to ASP erosion, especially in the 40-inch to 60-inch market,” said Ben Davis, senior market analyst at Futuresource Consulting.
“The introduction of 4K technologies is also expected to temporarily boost ASPs in the 70-inch+ segment. In the longer term as manufacturers transition large screen ranges exclusively to 4K resolutions, substantial price erosion is expected in the segment."

Markets in the US and China are showing the most substantial increases with both returning year-on-year growth rates in excess of 17%.