Press release
Commercial Display Market | Global and Regional Forecast 2027 | CDW; Cisco Systems, Inc.; Dell; Koninklijke Philips N.V.; LG Display Co., Ltd.; NEC Display Solutions
Commercial Display
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.
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The commercial displays include digital signage products such as video walls, digital posters, kiosks, and others. These displays have a high demand from end-use applications such as retail, hospitality, transportation, and banking. The healthcare sector is expected to register a CAGR of more than 7.0% over the forecast period. The digital signage technology, coupled with IoT, and increasing adoption of cloud computing are expected to be the crucial factors driving the growth of the market. Moreover, commercial displays are enabling businesses to advertise and market products and services in an effective way.
Key Market Segmentation of Commercial Display Market
Grand View Research has segmented the global commercial display market based on product, technology, component, size, type, application, and region:
Commercial Display Product Outlook
• Digital Signage
• Video Walls
• Video Screens
• Transparent LED Screens
• Digital Posters
• Kiosks
• Others
• Display Monitor
• Display TVs
Commercial Display Technology Outlook
• LCD
• LED
• Mini LED
• Micro LED
• Other LED
• Others
Commercial Display Component Outlook
• Hardware
• Software
• Services
Commercial Display Type Outlook
• Flat Panel
• Curved Panel
• Other Panel
Commercial Display Size Outlook
• Below 32 inches
• 32 to 52 inches
• 52 to 75 inches
• Above 75 inches
Commercial Display Size Outlook
• Below 32 inches
• 32 to 52 inches
• 52 to 75 inches
• Above 75 inches
Commercial Display Application Outlook
• Retail
• Hospitality
• Entertainment
• Stadiums & Playgrounds
• Corporate
• Banking
• Healthcare
• Education
• Transportation
Commercial Display Regional Outlook
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Regional Insights:
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 2018 owing to the presence of the key market players. Companies such as SAMSUNG, TCL North America, and so on have acquired a strong customer base in the region. Additionally, there is significant adoption of advanced display solutions across various sectors and this is expected to further spur the regional market growth. The North American regional market is expected to reach a market size of more than USD 18,000 million by 2025.
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Commercial Display Market Report Highlights
• The commercial display market is gaining traction owing to the increasing demand for digital signage from advertising & media industries coupled with an increasing preference among companies for the digitized form of advertisements
• The increasing adoption of digital signage products in hospitals and clinics for sharing registration information, display notifications, and conveying wellness tips is driving the healthcare segment growth
• The hardware segment, which includes displays, extenders & cables, accessories, and installation equipment, is projected to dominate the component segment over the forecast period
• The LED segment is expected to register a CAGR of over 7% from 2019 to 2025 owing to the high demand for micro LED displays
• The demand for commercial displays with panel size above 75 inches is expected to increase over the forecast period owing to the growing need for large-format displays in retail and hospitality applications
• The market is witnessing a shift in trend, from the use of flat panel displays to curved panels, owing to the immersive viewing experience and a wider view provided by the curved panel TVs and monitors
• The transportation application segment is expected to grow at the highest CAGR of over 8% over the forecast period owing to the rapid urbanization in developing countries and development of the transportation sector
• More than 13 million units of commercial-grade display TVs were shipped in the year 2018
• The shipments for TVs with the display size of 52 to 75 inches are expected to increase significantly from 2019 to 2025
• Prominent players in the market include CDW; Cisco Systems, Inc.; Dell; Koninklijke Philips N.V.; LG Display Co., Ltd.; NEC Display Solutions; Panasonic Corporation; SAMSUNG; Sharp Electronics Corporation; and Sony Corporation.
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Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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