Rapid growth in commercial display demand for medical commercial display

In 2020, the global display market will be $148.4 billion and is expected to reach $177.1 billion by 2026. During the forecast period, a compound annual growth rate of 3.6 per cent is expected to increase.

The growth of commercial displays benefits from three reasons: first, the demand for medical commercial displays is increasing under the epidemic situation; second, the commercial retail and hotel digital increase, the demand for commercial displays increases; Third, the demand for public transport industry to speed up.

The surge in demand for OLED displays in various applications in the display category, the increasing use of LED displays in video wall, tv and digital signage applications, the growing demand for interactive displays in various applications, and the growing demand for display-based medical devices, including ventilators and respirators, are key factors in the continued improvement of the display market during the epidemic.

Due to the growing demand in the global business sector, the industry's commercial television shipments in 2020 have exceeded 16 million. The commercial display market has witnessed a growing demand for customized digital signage solutions in different sectors, particularly health care and public transport.

LCD (LCD) is a display technology that has been popular in most display panels for many years. Bright LCD, reasonable price, reliable, and provide excellent visual effects. LCD displays occupy the entire size range of display panels (from small devices such as smartphones and wearable devices to medium and large devices such as displays and televisions).

LCD panels are most widely used in products such as televisions, monitors and laptops, and smartphones. to compete with other display technologies, LCD has experienced multiple technological advances in substrate types (glass and plastics) and substrate manufacturing processes such as A-Si,LTPS and IGZO. To provide better image quality, the company also developed a QD color enhancement film for LCD.

Retail and hospitality industries are using the latest digital promotion methods to promote their products and services in an effective and influential way. This change has seen a significant increase in demand for commercial displays and is likely to continue to grow during the forecast period worldwide.

Moreover, the growing demand for 4 K and 8 K of commercial displays, combined with technologies such as AI upgrading, artificial intelligence and machine learning, is expected to contribute to market growth.