What Has Been the Progress and Growth of the Commercial Display Market in Recent Years?
The commercial display market has seen considerable growth due to a variety of factors.
• The commercial display market has witnessed significant growth in recent years. It is projected to rise from $54.6 billion in 2024 to $58.88 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.8%.
This growth is driven by a surge in demand for high-definition and high-resolution displays, the increasing need for effective advertising and communication solutions, the expansion of retail and commercial spaces, the decreasing costs of display technology, urbanization, and regulatory support.
What Can Be Expected from the Commercial Display Market Size?
The commercial display market is expected to maintain its strong growth trajectory in upcoming years.
• The commercial display market is expected to reach $78.49 billion by 2029, growing at a CAGR of 7.5%.
The growth is driven by digital transformation, interactive and connected environments, increased demand for advertising, sustainability initiatives, and globalization. Trends include the adoption of LED technology, interactive displays, digital signage expansion, and IoT integration.
What Are the Critical Driver Fuelling The Commercial Display Market's Growth?
The growing demand for digital signage is expected to fuel the commercial display market. Digital signage, which delivers dynamic multimedia content, is becoming more popular due to the need for better customer engagement and information dissemination across industries. For instance, a report from Kiosk Marketplace noted that global sales of interactive display kiosks increased by 20% from 2021 to 2022, highlighting the rising demand for commercial displays in digital signage.
How Is The Commercial Display Market segmented?
The commercial display market covered in this report is segmented –
1) By Product: Digital Signage, Display Monitor, Display Television (TV)
2) By Component: Hardware, Software, Service
3) By Technology: Liquid Crystal Display (LCD), Light Emitting Diode (LED), Other Technologies
4) By Display Type: Flat Panel, Curved Panel, Other Panels
5) By Application: Retail, Hospitality, Entertainment, Stadiums And Playgrounds, Corporate, Banking, Healthcare, Education, Transportation
Subsegments:
1) By Digital Signage: Indoor Digital Signage, Outdoor Digital Signage, Interactive Digital Displays, Kiosks
2) By Display Monitor: LED Display Monitors, LCD Display Monitors, Touchscreen Monitors, Commercial-Grade Monitors
3) By Display Television (TV): LED TVs, OLED TVs, Smart TVs, Commercial-Grade TVs
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How Are Emerging Trends Reshaping The Dynamics Of The Commercial Display Market?
Companies in the commercial display market are incorporating AR and VR technologies into display solutions to enhance immersive experiences. For example, ROE Visual introduced the Obsidian LED Display Solution in April 2024, an advanced display tailored for film production that offers energy efficiency and superb black levels for extended reality filming.
Who Are the Key Players In The Commercial Display Market?
Major companies operating in the commercial display market are:
• Samsung Electronics Co Ltd.
• Dell Technologies Inc
• Sony Corporation
• Panasonic Holdings Corporation
• Cisco Systems Inc
• BOE Technology Group Co Ltd.
• NEC Corporation
• LG Display Co Ltd.
• Sharp Corporation
• Koninklijke Philips NV
• Corning Incorporated
• AUO Corporation
• Planar Systems Inc
• Japan Display Inc
• Orion Images
• Daktronics Inc
• ViewSonic Corporation
• E Ink Holdings Inc
• HannStar Display Corporation
• Christie Digital Systems Canada Inc
• Elo Touch Solutions Inc
• Allsee Technologies Ltd
• AG Neovo
• Baanto International Ltd
• GVision USA
• Xenarc Technologies Corp
• Tote Vision
• Euno Displays Technologies SL
• Guangdong Baolun Electronic Co Ltd
What Is The Most Dominant Region In The Commercial Display Market?
North America was the largest region in the commercial display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
