Samsung says it has launched 20 new large format display monitors for business and retail needs and claims it will to double its global Large Format Display (LFD) sales to almost US$480 million this year by focusing more on the Business Display Solutions market.

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The company has pointed to the rapidly growing Business Display Solution market as the key growth driver for its monitor business and says it aims to “double its global LFD sales to US$479 million this year”, according to reports.

Some analysts point out that Samsung has already built up a good head of steam in the Large Format Display segment, with last year achieving close to 90 per cent growth to reach nearly US$277 million sales globally.

So with these latest additions to its LFD line-up, Samsung says it now has one of the industry’s widest range of LFD monitors, “incorporating cutting-edge design, built-in network solutions with enhanced touch screen interactivity and connectivity capabilities”.

And although figures for Asia-Pacific are a bit sketchy, in the US for example, industry research indicates that by the year 2009 there will be over one million digital signs and the North American market is on track to install nearly 135 million locations over the next 10 years, many of which will incorporate LFD technology.