The “Commercial Large Format Display Signage Market” report is a valuable source of perceptive data for business strategists that provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data. The prime objective of this keyword market research report is to define the size of the different segments and the geographies as well as to industry trends during the forecast period. Some of the key strategies engaged by leading key players effective in the market and their impact analysis have been included in this research report.
Global Commercial Large Format Display Signage market size is estimated to grow at CAGR of almost 8% with Revenue USD 4.12 billion during the forecast period 2020-2024. The “YOY (year-over-year) growth rate for 2020 is estimated at 7.48%” by the end of 2024.
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About Commercial Large Format Display Signage Market:
Commercial Large Format Display Signage Market analysis considers sales from both indoor and outdoor applications. Our study also finds the sales of commercial large format display signage in APAC, Europe, MEA, North America, and South America. In 2019, the indoor segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for indoor LEDs from big supermarket chains will play a significant role in the indoor segment to maintain its market position. Also, our global commercial large format display signage market report looks at factors such as the advent of direct-view LED displays, increasing adoption of authentication techniques among vendors, and the need to improve business efficiency. However, the growing popularity of digital marketing, trade wars, and stringent regulatory framework to guard the quality of LEDs may hamper the growth of the commercial large format display signage industry over the forecast period.
Key Players Mentioned in the Commercial Large Format Display Signage Market Report:
E Ink Holdings Inc.
LG Electronics Inc.
Mitsubishi Electric Corp.
Samsung Electronics Co. Ltd.
and TPV Technology Ltd.
Commercial Large Format Display Signage Market Segment by Regions:
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Market Dynamics of Commercial Large Format Display Signage Market:
Driver: Advent Of Direct-View Led Displays.
Trend: Growing Demand For Oled Display
Challenges: Growth Of This Market Is The Growing Popularity Of Digital Marketing.
Advent of direct-view LED displays
Direct view LED displays are built using powerhouses called as light-emitting diodes, enabling the users to get brighter, high-contrast images and videos compared to conventional LCDs. Furthermore, these LED displays to handle images, videos, and tickers equally well in high traffic areas and thus can be used to display customized digital signage content. The installation of direct-view LED displays also looks sleek and professional because, unlike traditional LCDs, their displays do not require frames surrounding the screen. Also, direct-view LEDs have become a popular choice among the end-users as they are available in many sizes and different pixel pitches, which in turn will lead to the expansion of the global commercial large format display signage market at a CAGR of almost 8% during the forecast period.
Growing demand for OLED display
OLED displays are witnessing a continuous rise in demand due to various advantages including greater transparency, flexibility, and viewing angle over LED and LCDs. In addition, vendors are increasingly manufacturing OLED display owing to its higher profitability. Companies such as LG are bringing the revolutionary OLED technology for modern commercial displays. The company has been offering a wide range of OLED signage displays available in curved tilted, arched, and flat configurations to produce perfectly clear images. This development is expected to have a positive impact on the overall market growth.