The global commercial display market size is estimated to reach USD 57,907.09 million by 2025, growing at a CAGR of 7.07% over the forecast period, according to the new report by Grand View Research, Inc. 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.
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.
The
government and regulatory bodies across the world are favorably driving the
market growth through investments and initiatives for infrastructure
developments. For instance, Chinese entities have made huge investments in the
African airport infrastructure as a part of the Sino-African ties. As a result,
airports in African cities such as Maputo are significantly developed and
commercial displays have been installed all over the airports.
Additionally,
the infrastructure development authorities in cities such as New York City are
installing commercial signage displays to provide general information to the
people. Additionally, the digital signage on the roadways and highways have
access to real-time updates through IoT and provide the latest information,
thereby increasing the safety of the people in the case of emergencies. For
instance, the digital signage boards on roads are used for displaying emergency
messages and alerts such as natural disasters, riots, civil unrest, and so on.
All these factors are leading to market growth in developed and developing
nations.
Full Research Report On Commercial Display Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/commercial-display-market
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.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/commercial-display-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a 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. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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