Commercial Display Market is Anticipated to Witness High Growth Owing to Increased Digitalization and Connectedness
Commercial displays find wide applications in various sectors such as retail, hospitality, education, transportation, healthcare, and corporate sectors. These displays are utilized as signage boards, menu boards, interactive panels, and for digital out-of-home advertising applications. Commercial displays offer various benefits such as improved visual appeal, ease of content management, versatility, and energy-efficiency. With digitization gathering pace across industries, commercial displays are playing a vital role in enhancing customer experiences.
The global commercial display market is estimated to be valued at US$ 90.61 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Commercial Display market are Cdw Corporation, Cisco Systems, Inc., Dell Technologies Inc., Koninklijke Philips N.V., LG Display Co., Ltd., NEC Display Solutions., Panasonic Corporation, Samsung Electronics Co., Ltd., Sharp Corporation, Sony Corporation, Allsee Technologies Ltd., AUO Corporation, Baanto International Ltd., BOE Technology Group Co. Ltd., Christie Digital Systems Canada Inc., Corning Incorporated, E Ink Holdings Inc., Elo Touch Solutions, Inc., Euno Displays Technologies SL, Guangdong Baolun Electronic Co., Ltd, HannStar Display Corporation, Japan Display Inc., Kent Displays, Inc., Koninklijke Philips N.V., Panasonic Corporation, Planar Systems, Inc., Shenzhen Tiancheng International Technology Co., Ltd., TCL China Star Optoelectronics Technology Co.,Ltd., Tech Global Inc., ViewSonic Corporation.
The key opportunities in the market include growing adoption of interactive displays, rise in digital signage installations, and increasing demand for touch-enabled Commercial Display Market Size. Geographically, North America dominates the market while Asia Pacific is expected to witness highest growth owing to growing digital infrastructure and infrastructure development activities in the region.
Market drivers and restrain
The key drivers for the Commercial Display market include increased digitalization and connectivity across industries which has boosted adoption of digital signage. Commercial displays offer advantages like remote manageability of content, cost-effectiveness over print media, and engagement of customers.
The key restraint for the market is higher initial costs involved in deploying digital signage solutions compared to traditional signage. Rapid changes in display technologies also impact the upgrade cycles and investment decisions of end-users. Intense competition among vendors also puts pricing pressures.
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