The demand for more digital signage in public spaces and installations as well as the declining prices of panels is expected to help fuel the worldwide signage and professional display market, with growth in 2012 set to rise 12.6% from a year ago.
According to a new report from IHS iSuppli, shipments of signage and professional displays in 2012 will reach 17.3million units, up from 15.4m units last year and 13.5m units in 2010.
Deliveries in the fourth quarter of 2011 alone were said to amount to some 4.3m units, worth an estimated $3.8billion. IHS predicts that the market will continue to see solid expansion in the years to come, with total shipments predicted to hit 25.8m units by 2016.
According to the report, the top three display technologies generating the largest revenue for signage and professional displays this year will be lcd at $8.3bn, front projection at $3.6bn and led at $1.4bn.
The three main players in the market last year were said to be LG Electronics, Samsung Electronics and Panasonic.
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