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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.
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.
The use of technology in the education sector is set to increase significantly from an upsurge in digital or video-based learning. The education sector is widely implementing learning aids such as interactive flat panels in an attempt to seek greater interaction and engagement with students in the classroom.
Similarly, 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.
About IHS Markit
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.