Global Laser Phosphor Display (LPD) Market – Industry Trends and Forecast to 2029

Global Laser Phosphor Display (LPD) Market, By Type (Conventional Display, Flexible Display, Transparent Display, 3D Display), End User (Consumer Electronics, Advertising and Public Display, Automotive, Healthcare, Retail, Aerospace and Defence, Industrial, Banking, Others), Application (Television and Digital Signage, Smartphone and  Tablet, E-Reader, Smart Wearables, Pc Monitor and  Laptop, Smart Home Appliances, Vehicle and Public Transport, Sports and Gaming Consoles) – Industry Trends and Forecast to 2029.

Laser Phosphor Display (LPD) Market Analysis and Size

Laser phosphor display (LPD) has powered by the Prysm digital workplace platform software which is used as a digital signage, as a large touchscreen display and in consumer experience centers. In New York has The first retail installation of Laser phosphor display (LPD) went at American Eagle Outfitters in late 2010 Other Laser phosphor display (LPD) deployments such as, 180-degree, 40-foot, collaborative videowall at General Electric’s (GE) customer experience center in television studios and Toront, a 10 feet tall and 120 feet long videowall at InterActiveCorp (IAC)'s which is a media company and its headquarters in New York City, and numerous other videowalls.

Data Bridge Market Research analyses that the laser phosphor display (LPD) market was valued at USD 3,193.20 million in 2021 and is expected to reach USD 9,237.51 million by 2029, registering a CAGR of 14.20 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Laser Phosphor Display (LPD) Market Scope and Segmentation

Market Definition

Laser phosphor display (LPD) is a large format display technology which is similar to the cathode ray tube (CRT). Laser phosphor display (LPD) uses a large number of movable mirrors to direct the several beams of light from many ultra-violet lasers onto the screen made up of plastic-glass hybrid material and coated with colour phosphor stripes. The laser draws a picture onto the screen by scanning the line from top to bottom. The energy which comes from the lasers light activates the phosphors, which emit the photons and producing a picture

Laser Phosphor Display (LPD) Market Dynamics

Drivers

• Less electricity consumption

Laser phosphor display (LPD) needs less electricity than other competing technologies, including light-emitting diode (LED) and LCD. Prysm says that LPD usage  up to 75% less power and IAC has reported that, the usage of LPD reduce the 70% electricity consumption  than other display technologies on the market,  This is the major factor which is increase the demand of LPD and are expected to drive the growth rate of the market.

• Used as video wall

The Laser phosphor display (LPD) mainly used as video wall. This Laser Phosphor Display (LPD) is the building blocks of every Prysm and it is also called the TD2. The Video walls are implemented using the new generation LPD TD2 which is a virtually seamless and bezel-free building block. A variable number of TD2 can be arranged in arbitrary configurations to form video walls in various shapes and sizes. So, the Increasing usage of laser phosphor display in video wall to improve the quality of image are likely to improve the growth rate of the laser phosphor display (LPD) market.

Opportunities

• Surging Product Launches and Innovation

Additionally, the surging product launches and other innovations by market players further offer numerous growth opportunities within the market. For instance, Prysm launched a Laser Phosphor Display 6K Series in India which is featured with a high fill factor, an immersive bezel free viewing experience and an excellent contrast ratio, resulting in outstanding image quality. This product launch will help the company to improve its product portfolio.

Also, the rise in adoption of laser phosphor display technology for new applications, such as military applications, the major opportunities for growth of laser phosphor display technology market are the major factor which create the immense opportunities for growth of laser phosphor display technology market.

Restraints/ Challenges

• High cost and unavailability of advanced infrastructure

The unavailability of advanced infrastructure for wide production and the High cost of research and development are acting as market restraints for laser phosphor display (LPD), which will further challenge the market growth rate during the mentioned forecast period.

This laser phosphor display (LPD) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the laser phosphor display (LPD) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Laser Phosphor Display (LPD) Market Scope

The laser phosphor display (LPD) market is segmented on the basis of types, end user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Conventional Display
• Flexible Display
• Transparent Display
• 3D Display

 End User

• Consumer Electronics
• Advertising and Public Display
• Automotive
• Healthcare
• Retail
• Aerospace and Defence
• Industrial
• Banking
• Others

Application

• Television and Digital Signage
• Smartphone and Tablet
• E-Reader
• Smart Wearables
• Pc Monitor and Laptop
• Smart Home Appliances
• Vehicle and Public Transport
• Sports and Gaming Consoles

Laser Phosphor Display (LPD) Market Regional Analysis/Insights

The laser phosphor display (LPD) market is analysed and market size insights and trends are provided by country, types, end user and application as referenced above.

The countries covered in the laser phosphor display (LPD) market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the laser phosphor display (LPD) market in terms of market share in the mentioned forecast period. This is due to the adoption of advanced technology in this region.

Asia-Pacific is anticipated to be the fastest developing region because of increasing demand of energy efficient consumer electronics good in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Laser Phosphor Display (LPD) Market Share Analysis

The laser phosphor display (LPD) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to laser phosphor display (LPD) market.

Some of the major players operating in the laser phosphor display (LPD) market are:

• Samsung (South Korea)
• LG Display (South Korea)
• NEC (Japan)
• Sharp NEC Display Solutions (Japan)
• Leyard Europe (Germany)
• Barco (Belgium)
• Sony Corporation (Japan)
• E Ink Holdings Inc. (Taiwan)
• AUO Corporation (Taiwan)
• DEEPSKY CORPORATION LTD (Hong Kong)
• VTRON TECHNOLOGIES LTD (China)
• AOTO Electronics Co., Ltd (China)
• Unilumin (China)
• ViewSonic Corporation (U.S.)
• Koninklijke Philips N.V. (Netherland)
• Panasonic Corporation Co, Ltd (Japan)
• Planar Systems Inc. (U.S.)