The North America Commercial Display Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 29,804.8 thousand units, showcasing a growth of 5.5% (2019-2022).
The retail sector is undergoing a transformative journey, and commercial displays are pivotal in this evolution. Retailers employ digital signage and interactive displays to engage shoppers, deliver targeted advertisements, and streamline operations. Corporate boardrooms and meeting rooms have witnessed a paradigm shift with the adoption of interactive displays. These screens facilitate dynamic presentations, collaborative discussions, and remote work. The healthcare sector leverages commercial displays for patient education, wayfinding, and information dissemination. Hotels, restaurants, and entertainment venues deploy digital signage for guest engagement and advertising.
Rapid urbanization is driving the expansion of the commercial sector in developing economies due to infrastructure improvements and changes in behaviors. In order to advertise their products and services effectively and persuasively, industries such as retail and hospitality employ cutting-edge digital promotional strategies. As a result, the demand for commercial displays is growing significantly and will likely continue to rise over the forecast period. Currently, the advertising industry is witnessing an increase in the production of ultra-HD content, unlike in the past when the devices used to produce UHD content, such as 4K TVs, served limited purposes and were costly.
According to Transport Canada, in 2021, there were 71 regional/local airports and 26 National Airport System airports. The same source stated that Canada is the most prevalent mode for moving freight and passengers. Nearly 25 million road vehicles are registered in Canada. The growth of the transport sector in Canada is driving demand for advanced and innovative commercial display solutions. Passengers expect reliable, real-time information and a seamless travel experience. As a result, transportation providers are increasingly investing in display technology to meet these expectations and optimize their operations.
According to the International Trade Administration, the U.S. media and entertainment (M&E) sector is the largest in the world at $660 billion in 2020. The growth of the entertainment sector in the United States has driven the demand for advanced commercial displays that offer high-quality visuals, interactive features, and real-time content updates. As audiences seek more immersive and engaging entertainment experiences, the market will likely continue growing as entertainment venues invest in cutting-edge display technology to meet these demands. The aforementioned factors will drive the market growth in this region.
The US market dominated the North America Commercial Display Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $20,589.8 million by 2030. The Canada market is exhibiting a CAGR of 8.7% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Commercial Display Market is Predict 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)
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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