Research Suggests Buyer Confidence Increasing Numbers Per Site Of Commercial Displays

April 13, 2018 by Dave Haynes

New research is suggesting confidence in the durability of commercial display products will mean the numbers of them will grow, per location, by 20 percent over the next three years.

A new report from the Audiovisual and Integrated Experience Association (AVIXA) and PMA Research says that growth will happen even though replacement cycles for displays are getting lengthier.

Worldwide Market for Large-Display Projects: How Buying Decisions Are Made looks into display buyers on a global scale, from spending patterns and technology choices to product satisfaction. The research, says the report, shows that while commercial-display purchases are shifting toward replacement-driven requirements, there is still a healthy percentage of incremental volume.

For the first stage of the study, key representatives were identified in businesses around the world in three regions: Europe, Asia, and North America. The subjects primarily serve in management roles with responsibility for approving major display projects, and they completed an online survey. The second stage was a program of open-ended interviews with North American buyers involved in large display projects.

This report revealed commercial buyers anticipate nearly half of all display purchases in the next 12 months will be for new locations, adding to their overall inventory. However, the global trend is toward reduced spending on large displays in 2018, even while the number of units is expected to hold steady or grow, as buyers continue to anticipate falling prices.

“The results of this new display market report are consistent with trends shown in AVIXA’s Industry Outlook and Trends Analysis (IOTA) report, which indicate an inflection point within the display segment,” says Sean Wargo, Senior Director of Market Intelligence at AVIXA. “New technologies and applications for large-screen displays are disrupting the market as buyers evaluate options. Overall, display revenues are expected to soften in 2018 before rebounding in 2019 and beyond.”

“This report was designed to deliver an inside look into customers’ motivation for purchasing decisions for display technology,” says Wargo. “If you understand your buyers’ intentions, you can come to the table much better prepared. It might seem obvious, but it all comes down to knowing your customer and thus the drivers of growth.”

Additional highlights from the report:

“Overall, commercial buyers expect to continue to invest in displays, upgrading current installations and adding incrementally to their fleet this year,” says Rosemary Abowd, Senior Analyst for PMA Research. “Understanding the buyers’ hot buttons and limitations is critical to capturing the sale. They’ll start by looking at technology that matches their current installation but can be influenced by a growing need for interactivity and piqued interest in new technologies like direct-view LED.” 

The full report costs $2,000 (less for AVIXA members) and is available for purchase at www.avixa.org/marketintel. For half the price of junk research from India, you get genuine intel and insights on the display industry.

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