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Digital Signage Market to Grow by USD 9.86 Billion (2024-2028), Driven by Retail Expansion, AI’s Role in Market Transformation – Technavio Report

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global digital signage market size is estimated to grow by USD 9.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.95% during the forecast period. High growth of retail space is driving market growth, with a trend towards introduction of soc technology. However, growing e-commerce market poses a challenge. Key market players include 3M Co., AT and T Inc., AUO Corp., BrightSign LLC, Cayin Technology Co. Ltd., Cisco Systems Inc., Daktronics Inc., Hon Hai Precision Industry Co. Ltd., HP Inc., Intel Corp., Keywest Technology Inc., Leyard Group, LG Corp., Omnivex Corp., Panasonic Holdings Corp., Rokk3r, Samsung Electronics Co. Ltd., Scala, Sony Group Corp., and YFY Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Digital Signage Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.95%

Market growth 2024-2028

USD 9855.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.81

Regional analysis

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

Performing market contribution

APAC at 37%

Key countries

US, China, Canada, UK, and Japan

Key companies profiled

3M Co., AT and T Inc., AUO Corp., BrightSign LLC, Cayin Technology Co. Ltd., Cisco Systems Inc., Daktronics Inc., Hon Hai Precision Industry Co. Ltd., HP Inc., Intel Corp., Keywest Technology Inc., Leyard Group, LG Corp., Omnivex Corp., Panasonic Holdings Corp., Rokk3r, Samsung Electronics Co. Ltd., Scala, Sony Group Corp., and YFY Inc.

Market Driver

SOC, or System on Chip, is a technology gaining traction in the manufacturing of smartphones, tablets, and commercial displays. This innovation integrates essential processing components onto a single chip, reducing the need for additional components in digital systems. For digital signage applications, SOC technology can be incorporated into commercial displays, replacing multiple equipment such as media players. This streamlined solution allows digital signage operation directly from the screen, offering diagnostic information as well. The benefits of SOC technology in digital signage include cost savings on hardware and installation. Additionally, SOC simplifies digital content and application development and updates for digital signage systems. Content can be created using smartphones and tablets and easily uploaded to the digital signage system via SOC. This could lead to significant time savings in content creation and updating. Major players in the digital signage market, including SAMSUNG ELECTRONICS, LG Electronics, Panasonic, and Sony, offer SOC-compatible digital signage solutions. As a result, SOC is poised for significant growth as an integrated digital signage solution in the coming years, driving market expansion during the forecast period. 

The Digital Signage Market is thriving with the increasing number of internet users and the shift towards online advertising. Large audiences are engaged through digital signage in various sectors like retail, banking, hospitality, entertainment, healthcare, and more. Social media platforms and apps have become essential tools for targeted messaging and product promotion. Retail media, including retail stores, shopping malls, and supermarkets, leverage digital signage for an in-store customer experience. Digital signage offers eye-catching content through LED media boards, digital display panels, video walls, projectors, and multimedia content. Traditional static signs are being replaced with computerized systems that allow for dynamic content delivery, real-time updates, and targeted messaging. The 3PL market, transportation hubs, and airports are also adopting digital signage as a communication platform. Offering real-time content updates and remote management, digital signage is an effective tool for driving sales and attracting customers in the retail, banking, and hospitality industries. Digital signage solutions cater to diverse locations and offer customized offerings to meet specific business needs. 

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Market Challenges

The e-commerce industry’s robust growth over the last few years has led to an increase in the number of online retailers. These retailers have gained significant market share, reducing the reliance of consumers on traditional brick-and-mortar stores. Global retail e-commerce sales have consistently grown year-on-year, and this trend is expected to continue. However, this shift towards e-commerce could negatively impact the demand for digital signage equipment, as physical retail stores are the primary customers. Consequently, the growth rate of the digital signage market may be slightly impacted during the forecast period.The digital signage market is experiencing significant growth in various sectors like Hotels, Restaurants, Corporate offices, Transportation centers, and Education. Challenges include high cost of displays, customer experience, and power problems. Hardware and service providers face competition from traditional billboards and widescreen alternatives, as well as screenless displays. Technological developments, such as Near Field Communication and Touch Screen Technology, are driving innovation. Emerging display technologies like Micro-LED and Quantum dots are disrupting the market. Digital signage is increasingly being adopted by Government offices, the Educational sector, and Public Transports due to rapid digitalization. Large electronic giants are investing in advanced technologies like Artificial Intelligence, Machine Learning, and 5G technology to offer touchless & interactive solutions. The Retail industry is leveraging customer data and personalized content delivery through digital signage. Market consolidation, strategic expansion, partnerships, and collaborations are key trends. Digital signage providers must stay updated on these technological advancements to stay competitive in the market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This digital signage market report extensively covers market segmentation by

Application 1.1 Retail1.2 QSR and restaurants1.3 Education1.4 Healthcare1.5 OthersComponent 2.1 Hardware2.2 Software2.3 ServicesGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Retail- The Digital Signage Market is a growing industry that provides businesses with an effective way to display dynamic content on digital screens. This technology allows companies to engage customers with real-time information, promotions, and advertisements. The market is driven by the increasing demand for interactive and personalized marketing solutions. Businesses across various sectors, including retail, healthcare, and transportation, are adopting digital signage to enhance customer experience and boost sales. The market is expected to continue growing due to the flexibility and cost-effectiveness of digital signage solutions.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Digital Signage Market encompasses various technologies and components, including LED media boards, digital display panels, video walls, projectors, and multimedia content. These systems utilize computerized systems, software, and hardware to deliver real-time content updates and create engaging communication platforms. Traditional static signs are being replaced with these dynamic displays, offering improved customer experience in various sectors such as education, government offices, and retail. Cost-effective solutions like LED media boards and digital display panels are driving market growth. Technological developments, such as video walls, projectors, and emerging display technologies like Micro-LED, are expanding the market’s scope. Real-time content updates and remote management capabilities enhance the value proposition of digital signage. Traditional billboards and widescreen alternatives are being challenged by these digital displays. Power problems and screenless displays are potential challenges. Large screen displays are popular in public spaces, offering a more immersive experience. The education sector is a significant end user, while government offices and the retail industry also contribute significantly to the market’s growth.

Market Research Overview

The digital signage market is experiencing rapid digitalization, with LED media boards, digital display panels, video walls, projectors, and other multimedia technologies replacing traditional static signs. Real-time content updates, remote management, and communication platforms offer advanced capabilities for retail establishments, airports, hotels, restaurants, corporate offices, transportation centers, and other locations. Hardware and service offerings continue to evolve, with emerging display technologies like Micro-LED and quantum dots, as well as artificial intelligence, machine learning, and 5G technology driving innovation. The market is also seeing consolidation, strategic expansion, partnerships, and collaborations among digital signage providers. The retail industry is a major driver of growth, with personalized content delivery, audience analytics, and real-time data-driven decision-making becoming increasingly important. Digital signage is also being used for online advertisement and broadcast, reaching large audiences through social media platforms, apps, and retail media. The market is expected to continue growing as technological advancements and touchless & interactive solutions become more prevalent in various industries, including banking, hospitality, entertainment, healthcare, and education. The cost of displays and power problems remain challenges, but innovative solutions are being developed to address these issues.

Table of Contents:

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

ApplicationRetailQSR And RestaurantsEducationHealthcareOthersComponentHardwareSoftwareServicesGeographyNorth AmericaAPACEuropeSouth 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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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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My Date with Rural China—-VOC.com.cn Unveils Season Two of I Am in Rural China

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CHANGSHA, China, Dec. 28, 2024 /PRNewswire/ — Modern China’s rural revitalization strategy is crafting a remarkable narrative of transformation across the countryside, while progressive opening-up policies encourage foreign visitors to delve deeper into the nation’s heartland. On December 26th, VOC.com.cn premiered the second season of its acclaimed series, I Am in Rural China. The show follows Teona Kvartskhava, an international guest, as she explores the villages of Hunan Province, offering viewers a firsthand look at the dynamic implementation of comprehensive rural revitalization. This captivating series invites a global audience to witness the dawn of a new era in China’s rural landscapes, showcasing the country’s evolving countryside to viewers worldwide.

Rice field came as the first surprise. Hunan is the largest rice grower and producer in China. Hunan provides the high-quality and tasty rice. Teona Kvartskhava, a foreigner hardly feeding on rice, was tempted to have plenty of it. In Qunle Village, Lixian County, Changde, she also experienced “Double Rush”, which is a time-honored agricultural event in China. An event that used to call for the joint efforts of all family members, has now become much easier thanks to technology.

Departing from Lixian County for the moment, Teona Kvartskhava embarked on an exciting trip of tastes in Rucheng, Chenzhou, Southern Hunan. Hunan people are keen and expert on peppery food and spicy taste dominates the Hunan cuisine. Hunan is also rich in varieties of peppers. Jingpo town, a well-known town where spicy food prevails. It is a producer of red cluster pepper, officially one of the hottest peppers in China. From the crowded market, to the red and yellow pepper planting base, and then to the modern processing pepper workshop, the small cluster pepper strung up all corners of the town, so that the original ordinary mountain town has become extraordinarily lively and affluent.

Of course, the “star” of the countryside here is not only agriculture, but also culture, which has also blossomed in this ancient land. As the birthplace of papermaking, China has preserved a unique handmade papermaking technique, which is used to make some “special” papers. In Shanghong Village, Liuyang, Teona Kvartskhava was lucky to meet two Chinese masters, who showed her hands-on experiences of “Gushan Tribute Paper” and “Floral Paper”. As the process progresses, the paper took shape in her hands, as if history and culture were meeting in front of her eyes, and became the “first paper” in Teona Kvartskhava’s life.

So,What’s rural China like? It’s about hospitable peasants, about various agricultural produce, about profound history and culture, about colorful intangible cultural heritage. It’s like a book telling numerous absorbing stories. Hopefully Teona Kvartskhava’ll be luckier to visit more villages for their unique interest and charm.

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SOURCE voc.com.cn

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