Commercial Display Market
According to the latest report by IMARC Group, titled “Commercial Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the escalating demand for large digital screens across several sectors, including retail, healthcare, education, hospitality, corporate, and transportation, for advertising and marketing purposes is among the primary factors driving the commercial display market.
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global commercial display market is expected to exhibit a CAGR of 7.3% during 2022-2027.
Market Outlook:
Commercial displays represent the large digital screens that are utilized by businesses for promoting their products or services to the significant masses. These screens offer various optimized features, such as image and anti-burn-in retention, that make them easy to operate, durable, and enable efficient management for multiple applications.
In addition, commercial displays also include USB cloning features and multi-IR options for presentation control, even from remote locations. Generally, these screens are manufactured to withstand moisture, humidity, direct sunlight, harsh wind, etc., which makes them suitable for outdoor installations.
As a result, commercial displays are widely installed in airports, hospitals, restaurants, metro stations, corporate offices, bars, stadiums, shopping malls, and other public infrastructures.
Market Trends:
The emerging trend of customized production solutions for digital signage is further augmenting the market growth. Moreover, the growing popularity of innovative technologies, such as artificial intelligence (AI) and machine learning (ML), has propelled the demand for 4K and 8K commercial displays that provide higher resolution with intricate details, which is also catalyzing the global market.
Apart from this, the launch of the latest 4K signage by the leading players that enhances the picture quality of the lower resolution content through its UHD upscaling technique is acting as another significant growth-inducing factor. Additionally, the introduction of innovative technologies, including micro-LED and OLED, owing to the rising environmental concerns towards energy conservation, is also stimulating the market growth.
Furthermore, the elevating urbanization and modernization and the inflating number of investments in the development of various infrastructural projects are anticipated to propel the commercial display market over the forecasted period.
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Global Commercial Display Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global commercial display market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Cdw Corporation
- Cisco Systems, Inc.
- Dell Technologies Inc. (NYSE: DELL)
- Koninklijke Philips N.V. (NYSE: PHG)
- LG Display Co., Ltd.
- NEC Display Solutions.
- Panasonic Corporation (OTCMKTS: PCRFY)
- Samsung Electronics Co., Ltd. (KRX: 005930)
- Sharp Corporation (OTCMKTS: SHCAY)
Market Segmentation:
The report has segmented the global commercial display market on the basis of product type, technology, component, panel type, size, application and region.
Based on Product Type:
- Digital Signage
- Display Monitor
- Display TVs
Market by Technology:
- LCD
- LED
- Others
Industry By Component:
- Hardware
- Software
- Services
Based on Panel Type:
- Flat Panel
- Curved Panel
- Other Panel
Market By Size:
- Below 32 inches
- 32 to 52 inches
- 52 to 75 inches
- Above 75 inches
Based on Application:
- Retail
- Hospitality
- Entertainment
- Stadiums & Playgrounds
- Corporate
- Banking
- Healthcare
- Education
- Transportation
Geographical Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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