The Europe Commercial Display Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 18,352.7 thousand units, showcasing a growth of 6.0% (2019-2022).
The need for 4K and 8K commercial display products is driven by advertisers' increasing production of UHD content for various advertising purposes. In addition, manufacturers' enormous investments in developing high-end products with enhanced energy efficiency are expected to drive market expansion. As energy conservation becomes one of the most important factors for the sustainable development of the business sector, the demand for new energy-saving technologies such as OLED and micro-LED is rising. Commercial organizations increasingly favor large, commercial-grade displays for advertising, conferences, tutorials, exhibitions, and other applications. Consequently, the increasing demand for commercial displays in these industries is expected to propel market expansion.
The growth of advanced software solutions for audience engagement, people counting and monitoring and content management is a consequence of technological progress. The manufacturers of commercial displays are incorporating these software solutions into their products, paving the way for the phenomenal adoption of commercial displays. However, a significant decline in the yearly increase of monitor and television shipments is likely to impede the expansion of the market.
According to the United States Department of Agriculture, France was one of the world's leading nations for tourism in 2019, with 91 million visitors. Tourism contributed 7.5% of GDP and employed 1.5 million individuals. Hotels and restaurants account for the most significant portion of this sector's total revenue ($40,5 billion). Restaurants, cafes, and bars in France have adopted digital menu boards to present their offerings engagingly and dynamically. These displays make it easy to update menus, feature daily specials, and showcase high-quality images of dishes and drinks. Hotels use commercial displays in guest rooms to provide in-room entertainment options, including TV channels, on-demand movies, and streaming services. Smart TVs are becoming increasingly expected in the industry.
According to the International Trade Administration, Germany continues to be a significant industry for filmed entertainment. In 2020, 72% of the German population watched TV daily. The demand for immersive experiences in Germany's entertainment venues has led to the adoption of large, high-quality displays, including LED video walls and high-resolution screens. These displays improve the visual quality of live performances and events. The above aspects will expand the market growth across the region in the upcoming years.
The Germany market dominated the Europe Commercial Display Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,545.7 million by 2030. The UK market is experiencing a CAGR of 5.8% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 7.5% during (2023 - 2030).
Based on Type, the market is segmented into Flat Panel, Curved Panel & Others. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Size, the market is segmented into Below 32 inches, 32 to 52 inches, 52 to 75 inches, and Others. Based on Technology, the market is segmented into LCD, LED, and Others. Based on Product, the market is segmented into Digital Signage (Video Walls, Video Screens, Transparent LED Screens, Digital Posters, Kiosks, and Others), Display Monitor, and Display TVs. Based on Application, the market is segmented into Retail, Corporate, Banking, Healthcare, Transportation, Hospitality, Entertainment, Stadiums & Playgrounds, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Commercial Display Market will Hit USD 87.9 Billion by 2030, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CDW Corporation, Cisco Systems, Inc., Dell Technologies, Inc. (Dell EMC), Koninklijke Philips N.V., Panasonic Holdings Corporation, LG Display Co., Ltd. (LG Corporation), NEC Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Sharp Corporation, and Sony Corporation.
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Component
By Size (Volume, Thousand Units, USD Billion, 2019-2030)
By Technology (Volume, Thousand Units, USD Billion, 2019-2030)
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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