According to a new report, published by KBV research, The Global Commercial Display Market size is expected to reach $87.9 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,07,634.3 thousand units, experiencing a growth of 6.3% (2019-2022).
The Flat Panel segment is leading the Global Commercial Display Market by Type in 2022 thereby, achieving a market value of $61.5 billion by 2030. Flat panel displays are thin and lightweight, making them well-suited for various applications, including wall mounting and portable devices. Flat panel displays offer high-resolution screens, providing sharp, detailed images and videos. LED and OLED displays are energy-efficient, consuming less power than older CRT technology. This is important for reducing operational costs and environmental impact. Flat panel displays come in various sizes, from small screens in smartphones to large-format TVs and commercial displays.
The Software segment is showcasing a CAGR of 7.7% during (2023 - 2030). The commercial display market relies on software components to create, manage, and deliver dynamic content on various displays, from digital signage and video walls to interactive kiosks and corporate meeting room displays. These software components facilitate content scheduling, interactivity, and remote management, enhancing the effectiveness and versatility of commercial displays. The segment is expected to grow due to the launch of the latest and most advanced software for digital signage.
The Below 32 inches segment acquired the maximum revenue share in the Global Commercial Display Market by Size in 2022 thereby, achieving a market value of $31.8 billion by 2030. Commercial displays below 32 inches in size cater to a specific set of applications requiring a compact and cost-effective display solution. These smaller commercial displays are used in various business and public settings to convey information, advertisements, and interactive content. Commercial displays below 32 inches are a versatile solution for different business and general applications, offering compact and cost-effective options for conveying information, advertising, and interactive content in various settings.
The LCD segment has shown the high growth rate of 6.4% during (2023 - 2030). LCDs are cost-efficient, making them accessible for various applications and businesses. LCD technology allows for a wide range of screen sizes, resolutions, and form factors to meet the specific needs of different applications. Modern LCDs are designed to be energy-efficient, helping businesses reduce operational costs and align with sustainability goals. LCDs are known for their durability and resistance to burn-in, making them reliable for long-term use. Due to their widespread adoption and manufacturing scale, LCDs offer competitive pricing and various options.
The Digital Signage segment registered the maximum revenue in the Global Commercial Display Market by Product in 2022 thereby, achieving a market value of $41.8 billion by 2030. Digital signage relies on various display screens, including LED, LCD, OLED, and projection screens. The choice of display depends on factors such as location, content, and budget. Digital signage is a powerful advertising medium used to promote products and services. In retail settings, it can influence purchasing decisions by showcasing sales, discounts, and product information. Businesses use digital signage to enhance the overall customer experience. It can set the tone, create ambiance, and showcase a brand's identity.
The Retail segment would display a CAGR of 4.8 % during the forecast period. In retail, commercial displays enable retailers to engage with consumers, promote products and services, and improve the shopping experience. These displays come in various forms, including digital signage, video walls, interactive kiosks, and more. Large retail stores and malls use digital displays to provide wayfinding and navigation assistance to shoppers. Interactive maps and directories help customers find their way, locate specific stores, and discover nearby amenities.
The North America region dominated the Global Commercial Display Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $28.7 billion by 2030. The Europe market is anticipated to grow at a CAGR of 6.7% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 7.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/commercial-display-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Thousand Units, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
