One of the major factors driving the growth of the liquid crystal display (LCD) digital signage market is the increased demand for digitized promotion of products and services to attract the attention of the target audience. Demand for 4K digitized sign displays with embedded software and media player is driving market growth. These signs provide customers with a low-cost Ultra HD digital signage solution, which has a positive market impact.
According to Data Bridge Market Research the Liquid Crystal Display (LCD) Digital Signage Market accounted for USD 16.50 billion in 2021, and expected to reach USD 31.69 billion by 2029. The market is expected to grow with a CAGR of 8.50% in the forecast period of 2022 to 2029.
“Technologically Advanced Products to Facilitate Market Growth”
The introduction of novel products, such as leak detector systems, home monitoring systems, and complex monetary products, further impacts the market. In 2020, LG launched the LSAA LED signage series, one of the most advanced LED signage systems. This new series offers design, large-screen performance, and integration with cable-free block assembly design. Furthermore, rapid urbanization, lifestyle changes, increased investment, and increased consumer spending positively impact the liquid crystal display (LCD) digital signage market.
What restraints the growth of Liquid Crystal Display (LCD) Digital Signage Market?
“Trends in online advertising and broadcasting”
Trends in online advertising and broadcasting, exacerbated by COVID-19, are expected to hamper the market growth. Furthermore, security concerns regarding digital signage are expected to pose a challenge to the liquid crystal display (LCD) digital signage market during the forecast period of 2022-2029.
Segmentation: Liquid Crystal Display (LCD) Digital Signage Market
The liquid crystal display (LCD) digital signage market is segmented on the basis of type, component, location, content category, end-user, size, display technology, brightness, and application.
- Based on type, the liquid crystal display (LCD) digital signage market is segmented into video walls, video screen, digital poster, kiosks, others.
- Based on component, the liquid crystal display (LCD) digital signage market is segmented into Hardware, Software, Service.
- Based on location, the liquid crystal display (LCD) digital signage market is segmented into in-store, out-store.
- Based on content category, the liquid crystal display (LCD) digital signage market is segmented into news, weather, sports, health and wellness, vertically oriented content.
- Based on end user, the liquid crystal display (LCD) digital signage market is segmented into retail, hospitality, entertainment, stadiums and playgrounds, corporate, banking, healthcare, education, transport.
- Based on size, the liquid crystal display (LCD) digital signage market is segmented into below 32 inches, 32 to 52 inches, more than 52 inches.
- Based on display technology, the liquid crystal display (LCD) digital signage market is segmented into 2-D display, 3-D display.
- Based on brightness, the liquid crystal display (LCD) digital signage market is segmented into indoor displays, outdoor displays, others.
- Based on application, the liquid crystal display (LCD) digital signage market is segmented into indoor application, outdoor application, others.
Regional Insights: Asia-Pacific is expected to dominate the Liquid Crystal Display (LCD) Digital Signage Market
Asia-Pacific is expected to dominate the market because of the rise in awareness regarding the benefits of digital signage in the region.
- In addition, the North America region is likely to register highest growth rate during the forecast period of 2022 to 2029 because of the presence of dedicated suppliers of the product and rise in demand for signage in the retail industry within the region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-lcd-digital-signage-market
Recent Developments in Liquid Crystal Display (LCD) Digital Signage Market
- In 2020, Sharp released the new massive 8K Ultra-HD professional LCD. This display has 33 million pixels and uses a colour filter with a wide colour gamut in conjunction with optimized LED backlight phosphors.
- In 2020, LG launched the LSAA LED signage series, one of the most advanced LED signage systems. This new series offers design, large-screen performance, and integration with cable-free block assembly design.
The Prominent Key Players Operating in the Liquid Crystal Display (LCD) Digital Signage Market Include:
- Panasonic Corporation (Japan)
- LG Display Co., Ltd (South Korea)
- HannStar Display Corporation (Taiwan)
- AU Optronics Corp. (Taiwan)
- Chi Mei Corporation. (Taiwan)
- SAMSUNG (South Korea)
- SHARP CORPORATION (Japan)
- Schneider Electric (France)
- Siemens (Germany)
- Mitsubishi Electric Corporation (Japan)
- SONY INDIA. (India)
- FUJITSU (Japan)
- Chunghwa Picture Tubes, LTD. (Taiwan)
- Barco (Belgium)
- BOE Technology Group Co., Ltd. (China)
- Innolux Corporation (Taiwan)
- Advantech Co., Ltd (Taiwan)
Above are the key players covered in the report, to know about more and exhaustive list of liquid crystal display (LCD) digital signage market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Liquid Crystal Display (LCD) Digital Signage Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
