The Latin America, Middle East and Africa Commercial Display Market would witness market growth of 9.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 12,570.7 thousand units, showcasing a growth of 10.4% (2023-2030).
In the age of digital marketing, businesses in various sectors are utilizing commercial displays for advertising and branding. The power of visual content to captivate audiences has made displays a cornerstone of marketing strategies. Economic growth, especially in urban areas, has spurred the demand for digital signage and commercial displays in various sectors. This growth is particularly noticeable in emerging markets. Continuous advancements in display technology, such as OLED and transparent displays, drive the market's growth and diversification. The push for eco-friendly displays with lower power consumption and longer lifespans is gaining importance. Display manufacturers are increasingly focusing on sustainability in their product development.
The government and regulatory bodies across the region are favorably driving market growth through investments and initiatives for infrastructure developments. Chinese entities have invested substantially in African airport infrastructure as part of Sino-African relations. Consequently, airports in African cities such as Maputo are highly developed, and commercial displays are installed throughout.
According to the government of UAE, in 2022, the assistance of the travel and tourism sector to the UAE's GDP was nearly AED 167 billion, which is equivalent to 9% of the total GDP. In 2022, the total spending of international tourists amounted to AED 117.6 billion. In the same year, the number of hotels in the UAE increased to 1189, while the hotel capacity in the country reached 203,000 hotel rooms. The country's commitment to providing world-class experiences to tourists and visitors has led to a substantial demand for advanced commercial display solutions. The factors mentioned above will propel the market growth in this region.
The Brazil market dominated the LAMEA Commercial Display Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,166.3 million by 2030. The Argentina market is showcasing a CAGR of 9.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Commercial Display Market is Projected to reach 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)
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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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