Larger screens enable global public display revenue to grow 18% CAGR: IHS Markit
By M4G Bureau - September 13, 2017
The global public display market can be expected to grow from $6 billion in 2016 to $13.7 billion by 2021 in revenues
In contrast to stable or declining consumer TV sales, worldwide public display revenues are forecast to reach a healthy compound annual growth rate (CAGR) of 18.2% from 2016 to 2021, according to IHS Markit, a world leader in critical information, analytics and solutions.
The global public display market, which includes public-display monitors and public-display TVs used in digital signage and professional applications, can be expected to grow from $6 billion in 2016 to $13.7 billion by 2021 in revenues, and from 3.1 million units to 5.1 million units in shipments during the same period, IHS Markit says.
“In the long term, public display revenue growth will be fueled by high demand for larger-sized displays, particularly in the education and corporate space,” said Sanju Khatri, Director, Digital Signage and Professional Video at IHS Markit.
IHS Markit predicts that by 2019 more than half of the revenue of public display market will originate from display sizes greater than 65 inches. “Displays sized 65 inches are the most popular category, and those between 80 inches to 89 inches are showing fastest revenue growth in the education and corporate collaboration verticals,” Khatri said.
With the increased affordability of larger-sized displays, LCDs have become by far the most installed displays in the corporate environment. Conference room displays are considered an important asset for collaboration and communication in today’s geographically dispersed workforce.