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Printed Signage Market size is set to grow by USD 4.64 billion from 2024-2028, Several benefits of using printed signage to boost the market growth, Technavio

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NEW YORK, July 25, 2024 /PRNewswire/ — The global printed signage market size is estimated to grow by USD 4.64 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 2.06% during the forecast period. Several benefits of using printed signage is driving market growth, with a trend towards growing demand for printed signage in BFSI sector. However, growing use of digital signage poses a challenge. Key market players include Avery Dennison Corp., Canva Pty Ltd., Chandler Signs LLC, Cimpress Plc, EhKo Sign Industries Kft., IGEPA group GmbH and Co. KG, James Publishing, Kelly Signs, L and H Companies, LINTEC Corp., Mativ Holdings Inc., ORAFOL Europe GmbH, Paddock Printing, Schweiter Technologies AG, Sign Solutions USA, Signage US, Signs Express, SmartSign, Spandex Ltd., and Techprint Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Outdoor and Indoor), End-user (Retail, BFSI, Transportation and logistics, Healthcare, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Avery Dennison Corp., Canva Pty Ltd., Chandler Signs LLC, Cimpress Plc, EhKo Sign Industries Kft., IGEPA group GmbH and Co. KG, James Publishing, Kelly Signs, L and H Companies, LINTEC Corp., Mativ Holdings Inc., ORAFOL Europe GmbH, Paddock Printing, Schweiter Technologies AG, Sign Solutions USA, Signage US, Signs Express, SmartSign, Spandex Ltd., and Techprint Inc.

Key Market Trends Fueling Growth

The BFSI sector utilizes printed signage in various locations such as ATMs, interiors, wall graphics, and wall projections. The rising cost of customer promotion and the longevity of printed signage make it an attractive advertising and informational option for financial institutions. The expansion of the financial sector and increased demand for ATMs are driving the need for printed signage near these machines. Additionally, printed signage is used throughout banking facilities for wayfinding and other purposes. While digital signage is gaining popularity, particularly in brand promotion, printed signage remains a cost-effective and long-lasting solution for the BFSI sector. Infrastructure services in the insurance domain also rely on the BFSI sector and contribute to the market growth for printed signage. 

The Printed Signage Market is experiencing significant growth due to increasing trends in AR displays and digital signage. Companies like Schweiter Technologies and 3A Composites are leading the way with innovative solutions in composites and reflective materials. Economies of scale from print equipment sales contribute to cost effectiveness for businesses in marketing and advertising. Brands prioritize printed signage for brand identity and informative signs for various sectors, including retail, industrial, and safety. Key players include Kornit Digital, JMB Wind, and Strategic Factory. MRFR Database reports that indoor and outdoor signage, including billboards, backlit displays, and vehicle conspicuity, dominate the market. Industrial tapes and reflective materials ensure safety in traffic, personal, maritime, and global government applications. Major events like Media Expo, Softjet Grand, and Swedish International AB’s CRYLUXre and PERSPEXre showcase the latest in large format printing and digital signage technology. Retail sectors, such as shopping malls and stores, invest in printed signage for promotional purposes. Maintenance costs remain a concern, but advancements in print technology continue to drive market growth. 

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Market Challenges

Digital outdoor advertising offers enterprises the ability to display dynamic content on digital screens for marketing purposes. This form of advertising provides businesses with the flexibility to schedule ad frequency and target specific customer demographics based on time and location. For instance, an ice cream parlor can display ads when temperatures rise, or a stationery shop can target parents during school drop-off and pick-up times. Additionally, digital advertising displays can connect to mobile devices, directing customers to social media accounts or websites. Technological advancements also allow for integration with augmented reality, creating interactive ads that increase brand awareness. Outdoor digital signage enhances brand visibility and offers advantages over traditional printed signage, such as centralized control and design capabilities. Retailers utilize digital signage for window displays, providing real-time information on promotions and offers. The retail industry extensively uses digital outdoor advertising, with Nordstrom’s Digital Denim Doctor being an example. However, the increasing popularity of digital outdoor advertising poses a significant challenge to the growth of the global printed signage market.The Printed Signage Market faces various challenges in today’s business landscape. Global governments impose regulations on billboards and digital signage, limiting their usage in certain areas. Strategic factories producing backlit displays, large format printing, and signage solutions face stiff competition from digital signage and retail signage providers. Companies like Swedish International AB, CRYLUXre, and PERSPEXre offer PVC, wood, Polypropylene, and other materials for signage production. Maintenance costs for backdrops, posters, banners, pop-up displays, and graphics add to the market’s expenses. E-commerce growth impacts traditional signage markets, while acquisitions and mergers reshape the industry. Key players include Astra Signs, Durst, Vanguard, Banner Backdrop, Corporate Graphics, and exhibitions & trade shows specialists like Pop Display, Screen, and Inkjet. Market leaders Canon and Colorado 1650 printer also influence the market with their innovative printing technologies. Indoor and outdoor signage cater to various sectors, including transportation and logistics, healthcare, and retail stores.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This printed signage market report extensively covers market segmentation by

Application 1.1 Outdoor1.2 IndoorEnd-user 2.1 Retail2.2 BFSI2.3 Transportation and logistics2.4 Healthcare2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Outdoor- Outdoor printed signage serves various applications such as billboards, event marketing, retail displays, wayfinding signs, and traffic signs. These applications utilize advanced printing technologies and robust materials to create visually striking, weather-resistant advertising and informational displays. Outdoor signs are essential for businesses, acting as an extension of the company. They provide information about products, make a good first impression, and promote sales and events. Outdoor signs are designed to be large, bold, and eye-catching, using strong inks like eco-solvent or mild solvent for long-term outdoor use. Materials include fabric, vinyl, plastic, aluminum, and other durable, weatherproof options. Outdoor signage is versatile, used for advertising, real estate, politics, and more. The growing demand for outdoor signage will fuel the expansion of the global printed signage market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Digital Textile Printing Market is expanding rapidly, driven by technological advancements and rising demand for customized textiles. Key players are investing in innovative solutions to enhance print quality and speed. The Pro AV Market is also growing, fueled by increasing adoption of advanced audiovisual technology in various sectors, including corporate and entertainment. Meanwhile, the Commercial Online Printing Market in the European Union is experiencing robust growth, as businesses seek efficient, high-quality printing solutions to meet their marketing and operational needs.

Research Analysis

The Printed Signage Market is a dynamic and growing industry, driven by the increasing demand for marketing and advertising solutions in various sectors. The market includes a wide range of signage types, such as billboards, backlit displays, and digital signage, catering to the needs of diverse industries like retail, shopping malls, and e-commerce. Strategic factories specializing in large format printing use advanced technologies like Softjet Grand and Media Expo to produce high-quality graphics for signage. The retail sector, in particular, is a significant contributor to the market’s growth, with retail stores investing in cost-effective signage solutions like posters, banners, backdrops, pop-up displays, and more. The use of e-commerce platforms has also expanded the market’s reach, enabling businesses to showcase their brand identity through digital signage. MRFR Database predicts that economies of scale and the growing importance of marketing and advertising will continue to fuel the market’s growth in the coming years. Kornit Digital, a leading print equipment sale company, is a notable player in the market, providing innovative solutions to meet the evolving demands of businesses.

Market Research Overview

The printed signage market is a dynamic and growing industry, encompassing various types and applications. It includes signage for billboards, backlit displays, retail stores, shopping malls, and more. The market is driven by strategic factory production, large format printing, digital signage, and media expos. Materials used range from PVC (Polyvinyl Chloride), wood, Polypropylene, Marine plywood, Oak, Birch plywood, to industrial tapes and reflective materials. The market caters to various sectors like transportation and logistics, healthcare, retail, and exhibitions and trade shows. Key trends include economies of scale, marketing and advertising, cost effectiveness, brand identity, and the use of e-commerce platforms. Applications include informative signs, promotional signage, and safety signs for personal, maritime, and vehicle conspicuity. Companies focus on acquisitions and mergers to expand their offerings, with notable players including Astra Signs, Durst, Vanguard, Banner Backdrop, Corporate Graphics, and Schweiter Technologies. Print equipment sales continue to grow, with Canon’s Colorado 1650 printer leading the way in inkjet technology. The market also includes emerging technologies like AR displays and screen printing.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationOutdoorIndoorEnd-userRetailBFSITransportation And LogisticsHealthcareOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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/

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SOURCE Technavio

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Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million

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22 minutes ago

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November 16, 2024

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Revenue grew by 23.8% compared to previous yearGross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23Adjusted EBITDA rose 29.5% to SAR 210.2 million

JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.

Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.

The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.

Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.

SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.

Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:

“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.

Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.

We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.

Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”

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Carbon Mapper Achieves First Tanager-1 Methane Mitigation Success

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November 16, 2024

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BAKU, Azerbaijan, Nov. 16, 2024 /PRNewswire/ — Carbon Mapper released over 300 methane and CO2 plume detections today— its first tranche of emissions data based on observations from the Tanager-1 satellite which was launched in August. Tanager-1 is built and operated by Planet Labs PBC and made possible by the Carbon Mapper Coalition, a philanthropically backed public-private partnership including Planet Labs and NASA’s Jet Propulsion Laboratory among others. This data offers granularity on sources of super-emitters around the world, driving direct actions to cut methane and carbon dioxide as proven by an early mitigation success story.

Tackling methane is a global priority. This mitigation success shows how remote sensing tech can be a game changer.

On Oct. 9, Tanager-1 detected a large plume of methane which Carbon Mapper determined was stemming from a gathering pipeline in the Texas Permian Basin. The team reported the leak to a state agency and the U.S. government, who subsequently notified the facility operator. The operator quickly responded and voluntarily conducted repairs, leading to meaningful emissions reduction. Follow up observations from Tanager-1 detected no plume, confirming the leak was successfully fixed.

Carbon Mapper’s preliminary emissions estimate of this leak is approximately 7,000 kilograms of methane per hour. Each hour it was emitting equaled the same CO2 emissions as driving 47 gas-powered cars for a year.

This first verified methane mitigation action adds to existing evidence that when decision makers are empowered with data on the exact sources of emissions, they can effectively prioritize actions that cut waste and eliminate methane. This mitigation is consistent with pilot airborne surveys Carbon Mapper has conducted in several U.S. states including California and Colorado. Through these pilots, Carbon Mapper has found that nearly half of super-emitting events flagged for state agencies and operators were previously unknown, and once identified, were voluntarily mitigated.

“Tackling methane quickly is a crucial global priority. This early mitigation success story shows that remote sensing technologies with unique capabilities like Tanager-1 can be a gamechanger in driving down emissions in the near-term,” said Carbon Mapper CEO Riley Duren.

To scale these local mitigation successes globally, Carbon Mapper is making new data from Tanager-1 publicly available on its data portal. These include detections of methane and CO2 in 34 countries across the oil and gas, waste, and agriculture sectors. This work is supported by the High Tide Foundation, Grantham Foundation for the Protection of the Environment, Bloomberg Philanthropies, Children’s Investment Fund Foundation, AKO Foundation, and Zegar Family Foundation, among others.

In the coming months, Carbon Mapper will continue to scale up observations and make methane and CO2 data routinely accessible to help decision makers fill gaps in their understanding of the exact sources of emissions and empower mitigation action at the source. These routine detections will be made publicly available for non-commercial use 30 days after collection. Together, with complementary satellite programs, like the Environmental Defense Fund’s MethaneSAT, Carbon Mapper will provide transparent data at different levels of granularity and ensure that the information gets into the right hands to catalyze faster and more effective emissions reductions.

Special Note to Reporters:
More information, including plume images and key data from Tanager-1, can be found in our press package here. 

About Carbon Mapper
Carbon Mapper is a nonprofit organization based in Pasadena, CA, with the mission to drive greenhouse gas emissions reductions by making methane and carbon dioxide data accessible and actionable. It focuses on filling gaps in the emerging ecosystem of methane and CO2 monitoring systems by delivering data at facility scale that is precise, timely, and accessible to empower decision making and direct mitigation action. The organization leads a public-private coalition that is developing and deploying a constellation of satellites capable of detecting, quantifying, and verifying methane emissions worldwide. Data from these satellites will offer the next major step in scaling up the organization’s robust data portal featuring thousands of direct observations of global methane and CO2 super-emitters. Learn more at carbonmapper.org, view data at data.carbonmapper.org, and follow us on X @carbonmapper.

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SOURCE Carbon Mapper Inc.

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The Centennial Celebration of Sun Yat-sen University Held in Guangzhou

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November 16, 2024

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GUANGZHOU, China, Nov. 16, 2024 /PRNewswire/ — The Sun Yat-sen University (SYSU) held the Celebration Conference for the 100th Anniversary of SYSU and Innovation-Driven Development Forum  in the university on the morning of November 12. Over 5,500 people from governments, universities, institutions and organizations across the country as well as the SYSU alumni, faculty and student representatives attended the event.

 

In his opening remarks, Gao Song, president of Sun Yat-sen University and a member of the Chinese Academy of Sciences, mentioned the glorious century-long history of the university.

“Sun Yat-sen University was established in a time of national crisis and went through the periods from revolution to building of the People’s Republic of China. Based in Guangdong Province, the frontline of China’s reform and opening-up, SYSU has achieved a remarkable development in the new era of socialism with Chinese characteristics,” Gao said.

SYSU will expand opening up at a high level to deepen international exchange and cooperation, and build a global partnership network of universities. The university will continue to contribute its efforts to promoting mutual learning between civilizations, tackling global challenges, advancing science and technology, reaching sustainable socio-economic development, as well as improving the wellbeing of humanity, Gao added.

Lynn Pasquerella, president of the Association of American Colleges and Universities, extended congratulations to Sun Yat-sen University and spoke highly of the achievements the university has made over the past century. She said the university’s innovative research is impressive, in particular with the frontier research in bioinformatics and cancer treatment. SYSU also takes a leading position in social science research in China. She pointed out that these accomplishments can be attributed to the unremitting efforts of the university to benefit China and the rest of the world with knowledge.

The centennial celebration conference was followed by the Innovation-Driven Development Forum. Professor Jean-Marie Lehn, the Nobel Laureate in Chemistry in 1987 and also known as the “father of supramolecular chemistry”, who is now a member of the French Academy of Sciences and an international member of the Chinese Academy of Sciences, together with other distinguished experts in sectors of image and video AI and search, cloud computing, and distributed systems as well as outstanding representatives of SYSU alumni attended the forum. They discussed the role of education, science and technology, and talents in Chinese modernization.

https://youtu.be/7y2hMQpT_kE?si=MxGOIxpSkfYn2f00

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SOURCE Sun Yat-sen University (SYSU)

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