Press release
Commercial Display Market Set to Reach $78.49 Billion by 2029 with 7.5% Yearly Growth
Commercial Display
The increasing demand for digital signage is expected to drive the growth of the commercial display market. Digital signage is used for delivering dynamic multimedia content, such as text, images, and videos, in retail and other public settings. The rising demand for digital signage is due to its effectiveness in engaging customers and streamlining communication. For example, Kiosk Marketplace reported in March 2023 that global sales of interactive display kiosks reached $14.52 billion in 2022, marking a 20% increase from 2021. This growing demand for digital signage is expected to fuel the commercial display market's growth.
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What growth opportunities are expected to drive the commercial display market's CAGR through 2034?
The commercial display market has experienced significant growth in recent years. It will increase from $54.6 billion in 2024 to $58.88 billion in 2025, at a compound annual growth rate (CAGR) of 7.8%. This growth is driven by the increasing demand for high-definition displays, the need for effective advertising solutions, the expansion of retail and commercial spaces, more affordable and accessible display technology, increasing urbanization, and supportive regulations.
The commercial display market is expected to grow significantly, reaching $78.49 billion by 2029 with a CAGR of 7.5%. Growth drivers include digital transformation efforts, a shift toward interactive environments, increasing demand for advertising and information displays, sustainability initiatives, and globalization. Major trends include LED technology adoption, interactive displays, digital signage expansion, IoT integration, and a growing demand for large-format displays.
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What are the emerging trends shaping the future of the commercial display market?
Companies in the commercial display market are integrating AR and VR technologies into their display solutions, such as on-set virtual production (OSVP) displays, to enhance immersive experiences and improve production workflows. For example, in April 2024, ROE Visual launched the Obsidian LED Display Solution for the film industry. This display technology, optimized for extended reality (XR) filming, offers superb black levels, reduced energy consumption, and versatile features like equipment access holes, making it ideal for immersive on-set environments.
Which growth-oriented segments of the commercial display market are leading the industry's development?
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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What regions are leading the charge 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.
What companies are at the forefront of innovation 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
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What Is Covered In The Commercial Display Global Market Report?
•Market Size Forecast: Examine the commercial display market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the commercial display market for a structured understanding.
•Key Players Overview: Analyze major players in the commercial display market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the commercial display market.
•Segment Contributions: Evaluate how different segments drive overall growth in the commercial display market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the commercial display market.
•Industry Challenges: Identify potential risks and obstacles affecting the commercial display market.
•Competitive Landscape: Review strategic developments in the commercial display market, including expansions, agreements, and new product launches.
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