Introduction of the Commercial Display Market Report

A commercial display is a sub-category of electronic displays, which can be managed centrally as well as individually with a view to display text, animation, or video message to the audience. It includes technologies, such as liquid crystal display (LCD), light-emitting diode (LED), quantum light-emitting diode (QLED), organic light-emitting diode (OLED), which are used for the projection for commercial purposes and for displaying digital and media content, web pages, text, or weather data in a commercial environment.

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Market Dynamic

Key Drivers and Emerging Trends

The key factor augmenting the growth of the GCC commercial display market is the growing developments for the infrastructure projects to cater to government initiatives and upcoming events, which include Qatar FIFA World Cup 2022, Saudi Vision 2030, and Dubai Expo 2020. Moreover, commercial displays are highly used in the retail and hospitality sectors owing to its extra warranty and high durability of working for 16 to 24 hours a day. This technology offers improved brightness in high ambient light conditions integrated with superior technology that assists in resolution issues, image-retention, and excellent onboard cooling. Furthermore, commercial displays are incorporated with a sleek look, versatile, clean, cost-effective, and user-friendly nature, are energy-efficient and lure customers’ imaginations. These factors play a significant role in supplementing the growth of the GCC commercial display market.

Impact of COVID-19 on the Commercial Display Market

There has been a negative impact of the COVID-19 pandemic on the commercial display sector owing to the temporary interruption and suspension levied on all operations by governments worldwide. Many manufacturing units witnessed a significant blow during the lockdown. Furthermore, there have been factors that have hampered the demand for commercial display, which include cancellation of international delegations, board meetings, social gatherings, and temporary closing of retail stores, restaurants, and malls.

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Technology – Segment Analysis

Based on the technology, the LED segment is expected to grow at a higher CAGR over the forecast period. There have been several technological enhancements for the development of LED, which has offered various types of LED displays, such as OLED and QLED. LED technology is being widely used by manufacturers in their commercial display segment as this technology is energy-efficient. In addition, micro-LED and mini-LED are developing technologies, which are likely to boost the growth of the LED segment in the GCC commercial display market. For instance, in 2020, LG launched LG MAGNIT, which is a micro LED signage solution. It is the first Micro LED display product debuted by the company.

Type – Segment Analysis

Based on the type, the signage segment is anticipated to grow at a faster CAGR over the forecast period. This is mainly attributed to the rising penetration of signage products in various retail stores, which include shopping malls and supermarkets. Moreover, the growing usage of digital display solutions at commercial places is augmenting the growth of the signage segment in the GCC commercial display market.

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Key Developments: 

• • In 2020, NEC Display Solutions, a leading global provider of digital signage solutions and visual technology, announced its agreement for a joint venture with Sharp Corporation. The new JV is named as Sharp NEC Display Solutions, Ltd., which has its presence globally including Saudi Arabia, UAE, Oman, and Kuwait. This joint venture is aimed to enable both companies to build upon their strengths and address the visualization demands of their customers worldwide.

The GCC commercial display market has been segmented on the basis of type, technology, industry vertical, application, and countries. Based on type, the market is segmented into signage, video wall, single-screen, interactive whiteboard, kiosk, and others. Based on technology, the market is segmented into OLED, LED, LCD, QLED, and others. Based on industry vertical, the market is segmented into BFSI, commercial, entertainment & sports, healthcare, education & research, transportation, and others. Based on component, the market is segmented into hardware, software, and service. 

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Key questions answered in this research report:

• • At what pace is GCC commercial display market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC commercial display market? What will be the impact of drivers and restraints in the future?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various industry verticals of GCC commercial display market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Technology, By Industry Vertical, By Component, By Countries
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Profiles of Top 10 Major Companies Operating in “GCC Commercial Display Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

GCC Commercial Display Market by Type

• • Single-Screen
  • Signage
  • Kiosk
  • Video Wall
  • Interactive Whiteboard
  • Others

GCC Commercial Display Market by Technology

• • OLED
  • LED
  • LCD
  • QLED
  • Others

GCC Commercial Display Market by Industry Vertical

• • BFSI
  • Commercial
  • Entertainment & Sports
  • Education & Research
  • Healthcare
  • Transportation
  • Others

GCC Commercial Display Market by Application

• • Backup Power
  • Continuous Power
  • Peak Shaving Power

    GCC Commercial Display Market by Countries

• • UAE Commercial Display Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Commercial Display Market All-Up (Option 2: Free 25% Customization)
  • Oman Commercial Display Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Commercial Display Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Commercial Display Market All-Up (Option 5: Free 25% Customization)