Digital Signage Market, By Product Type (Kiosks, Billboards, Signboards), By Technology Type (LCD, LED, OLED), By Component Type (Hardware, Software, Service) By Application (Transportation, Retail, Education, Government) - Forecast 2022
Pune, India -- (SBWIRE) -- 03/19/2018 -- Market Highlights:
An up-to-date research has been disclosed by Market Research Future, Which highlights the worldwide Digital Signage Market. The report deep dives into the dynamics of worldwide Digital Signage Market providing helpful and distinctive insights. The Information and Figures shared in an exceedingly precise and structured manner, giving an approximated Picture of the Upcoming market movement. This Report covers the Major Key Players, pie charts and bar-graphs to provide data which can be used to derive the latest trends in the industry.
Digital Signage involves use of multiple inspection and other cameras along with the illuminators, processors and sensors. in this system, the cameras are mounted at different places and provides and 3-D snapshot to the system for the assessment. This type of system is majorly used in the automotive industry where the object is hard to access by the 2D or 1D machine visions systems and requires high level of the accuracy. Robots in the manufacturing process also takes help of Digital Signage while performing the tasks to ensure the quality of the object. One of the major application of Digital Signage system is inspection. Digital Signage system which perform crucial part in assuring the quality of the product. Use of Digital Signage for inspection also helps to detect any contaminants, size flaws, design flaws or functional flaws among others in the manufacturing industry. Inspection also helps to inspect the completeness of the product such as packaging of the medicines in pharmaceutical industry or checking of safety seals and caps on bottles in foods and beverages industry.
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Going ahead with the market drivers, Standards are emerging to simplify integration and are developed by experts to ensure high quality, faster, higher resolution systems and easier to use software. The Digital Signage standards make the technology appear more mature. Some of industry standards for machine vision systems are Camera Link standard for interfacing cameras to frame grabbers, which digitize analog video signals. This standard ensures easy integration of these devices, even ones from different manufacturers. Connectors, cables, data format, and control signals are all standardized. The standardization is increasing continuously and driving the machine vision market.
The prominent players in the digital signage market are – Cisco System Inc. (U.S.), Hewlett-Packard Company (U.S.), Samsung Corporation (South Korea), NEC Display Solutions Ltd (South Korea), Bright Sign LLC (U.S.), Panasonic Corporation (Japan), 3M Co.(U.S.), LG Display Co. Ltd. (South Korea), Ad flow Networks (Canada) and Omni Vex Corporation (Canada), among others.
The global digital signage market is dominated by the leading vendors; however, many local vendors are foraying into the market with low-cost displays, posing fierce competition to the existing providers. As a result, conventional TV panels that are lesser in price are replacing specialized custom products that differentiate the professional displays market. Therefore, established vendors are ushering in unique innovations to withstand the competition in the market.
Global Digital Signage Market is expected to grow at USD ~26.3 Billion by 2022, at ~6% of CAGR between 2016 and 2022.
The regional analysis of digital signage market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. North America is expected to dominate the digital signage market with the largest market share due to presence of large network which are owned by organization in the region. The study reveals that Asia-Pacific region is expected to show a positive growth in the Digital Signage market during the forecast period. Asia-Pacific countries like China, Japan and South Korea have a fair share in the Digital Signage market. An enhanced user experience and favorable application overview are the key factors promoting the industry growth in APAC. Growing demand for digital signage in the transportation segment is predicted to register a a substantial during the forecast period in the region.
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The digital signage (head-up display) industry is fragmented into products, technologies, components, applications, and regions.
Products - Kiosks, Billboards, Signboards, Menu Boards, and Others.
Technologies - LCDs, LEDs, OLEDs, and Front Projection.
Components - Hardware, Software, and Services.
Applications - Entertainment, Transportation, Retail, Healthcare, Banking, Education, Government, and Others.
Regions - Asia Pacific, Americas, Europe, and the Rest of the World.
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