Commercial Display Market

Commercial Display Market Size, Share, Growth Analysis, By Product Type(Digital Signage, Display Monitor, Display TVs), By Technology Type(LCD, LED, Others), By Component(Hardware, Software, Services), By Device Type(Flat Panel, Curved Panel, Other Panel), By Size(Below 32 inches, 32 to 52 inches, 52 to 75 inches, Above 75 inches), By Application(Retail, Hospitality, Entertainment, Stadiums & Playgrounds), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25AD2003 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 179 | Figures: 79

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Commercial Display Market size was valued at USD 39.94 billion in 2019 and is poised to grow from USD 43.25 billion in 2023 to USD 81.78 billion by 2031, growing at a CAGR of 8.28% in the forecast period (2024-2031).

The commercial display market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Samsung Electronics', 'LG Electronics', 'Panasonic Corporation', 'Sony Corporation', 'NEC Display Solutions', 'Sharp Corporation', 'Leyard Optoelectronic Co. Ltd.', 'Barco NV', 'Christie Digital Systems', 'Planar Systems, Inc.', 'BenQ Corporation', 'ViewSonic Corporation', 'E Ink Holdings Inc.', 'Daktronics, Inc.', 'AU Optronics Corporation', 'Innolux Corporation', 'Toshiba Corporation', 'Mitsubishi Electric Corporation', 'Fujitsu Limited', 'Philips Professional Display Solutions'

The rising need for digital signage in the healthcare and transportation sectors is likely to propel the worldwide commercial display market forward. Rapid industrialization and urbanisation, rising government expenditure on infrastructure construction, and changing consumer lifestyles are boosting the commercial display industry.

Emergence of Luxury Displays in the Auto Industry: The expansion of the commercial display market was aided by the growing demand for commercial displays across various applications. For instance, attributing to significant breakthroughs in emerging technologies such as autonomous driving and augmented reality. the automobile industry is on the cusp of massive changes in terms of entire business model, strengthening commercialization elements. Mercedes-Benz unveiled its new customer model automobiles in 2020, featuring OLED screens developed by LG displaying in dashboards and rear-seat monitors.

In 2022, North America is expected to have the biggest share of the commercial display market. The increased penetration of supermarkets/hypermarkets, hotels, restaurants, shopping malls, and other commercial units in North America has considerably contributed to the expansion of the worldwide commercial display market. Furthermore, greater adoption of digital technology for product and service advertisement and promotion in North America has resulted in this region's dominance in the market. During the projected period, Asia Pacific is expected to be the most opportune segment. Rapid industrialization and rapid urbanization, together with the increasing penetration of multiple commercial units in the region, are likely to promote the region's adoption of commercial displays in the future years.

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