Latest News- Display For Retail Applications Market: Touchscreen display is expected to lead the Type segment during 2024-2028

The Display For Retail Applications Market is being driven by Advantages over traditional advertisement methods

The Display For Retail Applications Market is expected to grow at a CAGR of 4.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1099.5 million. The retail display market is experiencing innovative advancements, with technologies such as Laser Phosphor Displays (LPD) and Narrow Pixel Pitch (NPP) LED displays gaining traction. LPD, introduced by Prysm in 2010, is a development of CRT technology, featuring a plastic and glass hybrid screen with a coating of colored phosphor stripes. Multiple LPD cubes or tiles can be assembled to form expansive video walls. NPP LED displays, another emerging technology, offer high resolution and pixel density, making them suitable for retail applications requiring clear, vibrant visuals. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Touchscreen display
  • Non-touchscreen display
• Application
  • Apparel and footwear
  • Departmental stores
  • Jewelry and watches
  • Bags and luggage
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advantages over traditional advertisement methods
• Rising demand for convenient and user-friendly shopping environment
• Evolution of shopping as form of entertainment

However, the market also witnesses some limitations, which are as follows:

• Development of new content
• Integration of displays with multiple platforms
• High power consumption in retail displays

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Market Scope in Display For Retail Applications Market Research Report

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Research Analysis Overview

In the retail sector, touch-screen and non-touch-screen displays play pivotal roles in merchandising apparel, footwear, jewelry, and watch specialty stores, departmental outlets, independent small grocers, and more. Retail displays encompass window and in-store presentations, enhancing the shopping experience through interactive digital signage, augmented reality, and sustainable, eco-friendly materials. POS systems and ATMs are also integral components of the retail environment. Touch-enabled and non-touch displays cater to various needs, while visual merchandising and product placement remain key strategies. E-commerce integration is another essential aspect of modern retailing.

Market Research Overview

The global electronic equipment and instruments market, a segment of the larger super parent electronics market, encompasses the manufacturing and sales of information and communication technology (ICT) and electronics products, equipment, and components. This market's growth is driven by the escalating demand for electronic test and measurement equipment. Technological advancements and digital transformation in various industries, such as semiconductors, automotive, information technology, consumer electronics, industrial, energy, and medical devices, are fueling this demand. Touch-screen and non-touch-screen retail displays, including those used in departmental stores and apparel stores, are integral components of this market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/