Samsung Electronics has announced that is has been named as the top signage manufacturer for the 15th consecutive year by market research firm Omdia, achieving a 33% market share.
Omdia highlighted that Samsung has sold more than two million units in 2023, a record-breaking number for the company. The news follows predictions from the market research company that the global display signage market is poised for strengthened growth, with an expected annual increase of 8%, leading to a projected market size of 22.9 billion Euros by 2027, up from 13 billion Euros in 2020.
Hoon Chung, executive vice president of visual display business, Samsung Electronics, commented: “Achieving first place in the global display signage market for 15 consecutive years reflects our commitment to innovation and our ability to adapt to evolving market conditions and the needs of our customers.
“We will continue to provide the highest value to our customers by offering specialized devices, solutions and services that address their diverse needs.”