As a CONTEXT analyst, I’ve had a
front-row seat to the incredible resurgence of the Large Format
Display (LFD) market this year. After a challenging 2023—marked by an
8.6% decline in sales across European distribution channels—the
industry has bounced back strongly in 2024, with a remarkable 9.8%
growth year–to–date (January to October). This revival signals not
only a recovery but also an evolution in how display technology is
being used, particularly in the signage sector, which accounts for
55-65% of market share in any given quarter.
A major driving force behind this
growth is the reimagining of the retail experience. The narrative of
the “death of the High Street” has shifted. Instead of fading into
obscurity, High Streets are transforming, becoming more integrated
into community hubs with mixed–use developments featuring affordable
housing and pedestrian-friendly environments. As a result, retail
spaces are adapting. While shops are shrinking in size, they are
expanding their capabilities—thanks, in large part, to innovative uses
of LFDs.
Take, for example, interactive
displays. These screens are no longer confined to passive advertising
or self-checkout kiosks; they are becoming integral to the retail
journey. With embedded operating systems and sophisticated software,
LFDs now enable customers to browse a store’s full inventory, place
orders, and even have products delivered directly to their homes.
Retailers can upsell by offering complementary items—a pair of shoes
might come with a suggestion for matching socks or a bag—right before
checkout. This creates an opportunity for businesses to enhance their
revenue streams without expanding physical inventory on-site.
We are also seeing a rise in
marketplaces within these smaller stores, allowing retailers to sell
third-party goods via LFDs. This flexibility is reshaping how
businesses approach physical retail, creating a hybrid model that
combines the immediacy of brick-and-mortar shopping with the vast
inventory of e-commerce.
The future of retail displays
doesn’t stop there. The integration of AI into content management
systems, paired with LFDs and point-tilt-zoom cameras, is opening
new possibilities. Imagine a scenario where an advertising display
identifies a returning customer, analyses their past purchases or
in-store behaviour, and generates personalized promotions in real
time. This level of customization could revolutionize customer
engagement, making each visit to the store more tailored and impactful.
The data backs this up: signage
displays have grown by 8.0% year-to-date, while Point of Sale displays
have surged by an impressive 27.1%. These numbers reflect the growing
recognition among retailers that investing in advanced display
technology isn’t just about aesthetics; it’s about transforming the
shopping experience.
Beyond retail, the LFD market’s
potential extends into other environments, such as stadiums, where
cutting-edge display technology is finally catching up to long-held
ambitions. The rollout of these innovations is expected to accelerate
as the technology becomes more accessible and adaptable.
As we look ahead, it’s clear that
display technology is poised to play an even greater role in reshaping
industries and consumer experiences. At CONTEXT, we’re committed to
keeping you informed with the latest market insights and trends.
For further insights and
detailed analysis of market trends, stay tuned to CONTEXT’s
weekly IT Industry Forum webinars.