The global commercial display market size is expected to be worth around US$ 60,907.09 million by 2030, according to a new report by Vision Research Reports.
The global commercial display market size was valued at US$ 39,444.66 million in 2020 and is anticipated to grow at a CAGR of 8.7% during forecast period 2021 to 2030.
|Market Size||USD 60,907.09 million by 2030|
|Growth Rate||CAGR of 8.7% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, technology, component, display type, application, display size|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Cognex Corporation; DENSO WAVE INCORPORATED; Datalogic S.p.A; Honeywell International, Inc.; KEYENCE CORPORATION|
The global shipments of commercial-grade TVs are anticipated to exceed 25 million units by 2025. The growing adoption of the state-of-the-art display technology by developing nations of the Asia Pacific region is expected to spur the demand for commercial displays.
Commercial displays are specifically designed for business applications that require higher runtimes, uniform aesthetics, high-end specifications, brighter displays, longer product life, and less maintenance. These displays differ from consumer display products in many ways. A consumer TV would provide a brightness of 150 – 250 Nits, whereas a commercial TV provides 300 – 2,000 Nits of brightness, which is suitable for outdoor applications. The demand for such professional-grade displays from various commercial applications is higher
By Product Analysis
Based on product, the market for commercial display has been segmented into digital signage, display monitor, and TVs. The digital signage segment accounted for the largest share in terms of revenue in the year 2018 and is expected to dominate the market in the next six years.
Display monitors are extensively used in sectors such as banking and education. The demand for these products with sizes below 32 inches is high. However, the use of higher-sized, curved, widescreen monitors for specialized applications such as graphic designing and media & advertisement is also increasing.
By Technology Analysis
Based on technology, the market for commercial display has been categorized into LCD, LED, and others. LCD has been the widely used technology in display products for a few decades. Currently, many of the business areas, such as corporate offices and banks, are using LCD-based products.
the LED technology segment is expected to account for a prominent market share (in terms of revenue) by 2025. The advancements in LED technology have led to the development of various types of LED displays such as OLED and QLED.
By Component Analysis
Based on component, the market for commercial display has been segmented into hardware, software, and services. The hardware segment held the largest market share in 2018 and is anticipated to continue to dominate the market from 2021 to 2030.
The software segment accounted for a considerable market share owing to the launch of new and advanced software for digital signage. It is anticipated to register a considerable CAGR of over 6% from 2021 to 2025.
By Display Type Analysis
Based on display type, the market for commercial display has been segmented into flat panel, curved panel, and other panels. The users from various commercial end-use sectors have been using flat panels for decades owing to their benefits such as low costs and easy availability.
Curved panels are widely used in application areas such as entertainment, gaming, design, automotive, manufacturing, and so on. These panels are extensively being used in TVs, monitors, smartphones, and wearable devices to meet different demands of customers.
By Application Analysis
Based on application, the market for commercial display has been segmented into retail, hospitality, entertainment, stadiums & playgrounds, corporate, banking, healthcare, education, and transportation. The retail sector accounted for the largest market share in 2020.
The hospitality segment is another prominent segment contributing to the growth of the market owing to the growing number of hotels, motels, restaurants, QSRs, cafes, and bars. Such establishments require a large number of display solutions for various applications such as advertisement, menu & food display, and entertainment.
By Display Size Analysis
Based on display size, the market for commercial display has been categorized into below 32 inches, 32 to 52 inches, 52 to 75 inches, and above 75 inches. The below 32 inches and 32 to 52 inches segments generated relatively higher revenues in 2020 and are expected to witness steady growth.
the above 75 inches segment is expected to register the highest CAGR owing to the growing demand for large-format displays. The customers from sectors such as retail, transportation, and healthcare are adopting large displays for signage applications.
By Regional Analysis
Based on region, the global commercial display market has been segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for more than 30% of the market share in 2020owing to the presence of the key market players.
Asia Pacific is expected to witness substantial growth, registering the highest CAGR of 8.03% from 2021 to 2030. The growth of the region can be attributed to rapid urbanization in developing countries and the growing adoption of commercial displays in healthcare, hospitality, transportation, and retail sectors.
Cisco Systems, Inc.
Koninklijke Philips N.V.
LG Display Co., Ltd.
NEC Display Solutions
Sharp Electronics Corporation
Transparent LED Screens
Below 32 inches
32 to 52 inches
52 to 75 inches
Above 75 inches
Stadiums & Playgrounds
Middle East & Africa
The Commercial Display market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Commercial Display market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Commercial Display market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Commercial Display market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Commercial Display market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Commercial Display capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Commercial Display by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Commercial Display market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Commercial Display market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Commercial Display market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Commercial Display industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Commercial Display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Commercial Display market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Commercial Display market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Commercial Display market. These factors have benefited the growth of the global market for Commercial Display. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Commercial Display. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Commercial Display are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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