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The commercial display market reached a value of US$ 39.7 Billion in 2020.
According to the estimates by IMARC Group, the global commercial display market is expected to grow at a CAGR of around 7% during 2021-2026.
The increasing application of commercial displays in the healthcare, transportation, and education and training sectors, in confluence with the introduction of innovative technologies, represents one of the major drivers bolstering the market growth.
Due to the rising environmental concerns, leading players are introducing energy-efficient commercial displays that are incorporated with organic light-emitting diodes (OLED) and micro-LEDs.
Lockdowns have been implemented by governments of several countries to contain the spread of the coronavirus disease (COVID-19). In line with this, public spaces and transportation systems, including restaurants, airports, metro stations, stadiums and shopping malls, have been closed temporarily. Consequently, sales of commercial displays have declined around the world due to the pandemic.
Based on the product type, the market has been segmented into digital signage, display monitor and display TVs.
On the basis of the technology, the market has been categorized into LCD, LED and others.
On the basis of the component, the market has been segmented into hardware, software and services.
Based on the panel type, the market has been classified into flat, curved and other panels.
On the basis of the size, the market has been segmented into below 32, 32 to 52, 52 to 75 and above 75 inches.
Based on the application, the market has been categorized into retail, hospitality, entertainment, stadiums and playgrounds, corporate, banking, healthcare, education and transportation.
Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
Leading industry players are CDW Corporation, Cisco Systems, Inc., Dell Technologies Inc., Koninklijke Philips N.V., LG Display Co., Ltd., NEC Display Solutions., Panasonic Corporation, Samsung Electronics Co., Ltd., Sharp Corporation and Sony Corporation.
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