Commercial Display Market Trends

Global Commercial Display Market size was valued at USD 58.3 billion in 2023 and is poised to grow from USD 62.09 billion in 2024 to USD 102.76 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

The commercial display market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Samsung Electronics Co., Ltd. (South Korea) ', 'LG Display Co., Ltd. (South Korea) ', 'Sharp Corporation (Japan) ', 'BOE Technology Group Co., Ltd. (China) ', 'Sony Group Corporation (Japan) ', 'Panasonic Holdings Corporation (Japan) ', 'NEC Corporation (Japan) ', 'Koninklijke Philips N.V. (Netherlands) ', 'Leyard Optoelectronic Co., Ltd. (China) ', 'Daktronics, Inc. (USA) ', 'Planar Systems, Inc. (USA) ', 'Christie Digital Systems USA, Inc. (USA) ', 'Barco NV (Belgium) ', 'Dell Technologies Inc. (USA) ', 'HP Inc. (USA) ', 'Cisco Systems, Inc. (USA) ', 'Innolux Corporation (Taiwan) ', 'AUO Corporation (Taiwan) ', 'E Ink Holdings Inc. (Taiwan) ', 'Tianma Microelectronics Co., Ltd. (China)'

The rising need for digital signage in the healthcare and transportation sectors is likely to propel the worldwide commercial display market forward. Rapid industrialization and urbanisation, rising government expenditure on infrastructure construction, and changing consumer lifestyles are boosting the global commercial display industry.

Emergence of Luxury Displays in the Auto Industry: The expansion of the commercial display market was aided by the growing demand for commercial displays across various applications. For instance, attributing to significant breakthroughs in emerging technologies such as autonomous driving and augmented reality. the global automobile industry is on the cusp of massive changes in terms of entire business model, strengthening commercialization elements. Mercedes-Benz unveiled its new customer model automobiles in 2020, featuring OLED screens developed by LG displaying in dashboards and rear-seat monitors. 

In 2022, North America is expected to have the biggest share of the commercial display market. The increased penetration of supermarkets/hypermarkets, hotels, restaurants, shopping malls, and other commercial units in North America has considerably contributed to the expansion of the worldwide commercial display market. Furthermore, greater adoption of digital technology for product and service advertisement and promotion in North America has resulted in this region's dominance in the global market. During the projected period, Asia Pacific is expected to be the most opportune segment. Rapid industrialization and rapid urbanization, together with the increasing penetration of multiple commercial units in the region, are likely to promote the region's adoption of commercial displays in the future years.