The Corporate Professional Displays market (meeting room and breakout space displays) totalled $7.0Bn in value CY2024. This value is set decrease at a moderate rate over the next five years, as ASPs for all devices continue to fall.
IFPD and Projection face overall value declines, whilst DVLED value is set to grow over the same period, with DVLED becoming the largest sector in CY2029.
In recent years, Corporate buyers have come to better understand which displays format suits different meeting room and breakout space needs. In many cases where interactivity isn't considered a necessity, older IFPDs and Projectors are being replaced with FPDs. However, IFPD is opted for when touch controls and whiteboarding capabilities are required, and Projectors and DVLED Displays are often favoured in larger spaces.
For Projection to remain viable in the Corporate sector, it must adapt by targeting developing regional markets, serving larger meeting spaces and finding niches in the Corporate vertical that would be impractical for LCD or DVELD displays, such as immersive training and simulations.