Press release
Strong Growth Ahead: Commercial Display Market Size To Grow At Arecord 7.5% Cagr By 2029
Commercial Display
How Big Is the Commercial Display Market Size Expected to Be by 2034?
The commercial display market has grown substantially in recent years. It will rise from $54.6 billion in 2024 to $58.88 billion in 2025, reflecting a CAGR of 7.8%. The market's expansion is driven by growing demand for high-definition displays, the increasing need for effective advertising solutions, expanding retail and commercial spaces, improved accessibility to display technology, urbanization, and regulatory support.
The commercial display market is projected to grow to $78.49 billion by 2029 at a CAGR of 7.5%. Growth is fueled by digital transformation, rising demand for interactive displays, and globalization. Key trends include LED technology adoption, IoT integration, and large-format displays.
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What Are the Emerging Segments Within the Commercial Display Market?
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 Long-Term Drivers Are Shaping Commercial Display Market Trends?
The increasing demand for digital signage is expected to promote the growth of the commercial display market. Digital signage refers to electronic displays that use digital technology to broadcast text, images, and video content to inform or advertise to audiences. The growing need for dynamic content, improved customer engagement, and efficient information delivery across various industries is fueling this demand. Digital signage commercial displays attract and retain attention with high-quality, visually impactful content. For example, in March 2023, Kiosk Marketplace reported that global sales of interactive display kiosks surged to $14.52 billion in 2022, a 20% increase from the previous year. As a result, the rising demand for digital signage is propelling the growth of the commercial display market.
Who Are the Top Competitors in Key Commercial Display Market Segments?
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 Are the Major Trends Shaping the Commercial Display Market?
Companies in the commercial display market are incorporating AR and VR technologies, like on-set virtual production (OSVP) displays, to enhance immersive experiences in production environments. For example, in April 2024, ROE Visual, a China-based company, introduced the Obsidian LED Display Solution, designed for the film industry with high-quality black levels and energy-efficient performance, making it ideal for extended reality (XR) filming.
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Which Regions Are Becoming Hubs for Commercial Display Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Commercial Display Market?
2. What is the CAGR expected in the Commercial Display Market?
3. What Are the Key Innovations Transforming the Commercial Display Industry?
4. Which Region Is Leading the Commercial Display Market?
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