Market Snapshot:
Digital menu board is a display system which consist of hardware and software for displaying interactive content. In addition, it also display promotions, live TV, customer reviews etc. It is mainly used in hotels, restaurants, dining halls, tea & coffee shops, pizzerias to display available menu along with its price. Effective display impacts on the content visualization is positive manner hence, hotels & restaurants owners are more prone towards adopting digital menu boards. Further increasing demand from commercial places driving the market growth. Geographically, North America region is expected to grow with the highest market share over the forecast period followed by Europe and Asia Pacific. Presence of leading market players creating hub for market providers further impacting on market profitability in better manner.
Highlights from Digital Menu Boards Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Panasonic (Japan), Samsung Electronics Co., Ltd (South Korea), AU Optronics Corporation (Taiwan), Menu Design Group (United States), BrightSign LLC (United States), Spectra Colors (United States), BenQ Corporation (Taiwan), Hughes (United States), Coates Signco Pty Ltd (Australia), Ping HD. (United States), Daktronics, Inc. (United States), Pixel Inspiration (United Kingdom), Fastsigns International Inc. (United States), SmarterSign(United States), ComQi (United States) and Lanesquare Technology Pvt Ltd. (India). Additionally, other players that are part of this comprehensive study are NoviSign Digital Signage Inc. (Israel), Mvix Digital Signage (United States), TouchBistro Inc. (Canada) and Intuilab SAS (France).
Geographic Breakdown and Segment Analysis
The Global Digital Menu Boards market presents a comprehensive analysis of the Digital Menu Boards market by product type (Single Digital Menu Board, Dual Digital Menu Board, Triple Digital Menu Board, Quad Digital Menu Board and Others), by end-user/application (Hotels & Restaurants, Cafeterias, Pizzeria, Dispensary, Hospitality, Schools & Universities, Commercial, Hospitals and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Digital Menu Boards industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Digital Menu Boards market
Analyst at AMA have segmented the market study of Global Digital Menu Boards market by Type, Application and Region.
Influencing Trend:
Up surging Demand for Eye-Catching and Uniquely Designed Displays
Market Growth Drivers:
Rising Food Consumption at Hotels & Restaurants across the Globe, Increasing Visiting at Cafeterias & Pizzerias, Higher Focus on Hassle Less Content Management and Positive impact on the Upselling driving the demand for Digital Menu Boards
Challenges:
Lack of standardization leads to Poor Quality Display
Restraints:
Long Term Negative Impact of the Pandemic on the Hotels & Restaurants owing to Lockdown
Opportunities:
Growing Implementation of Technological Advancement & Deep Analytics for User Interactions, Augmenting Demand for Digital Menu Boards at Commercial Places and Mounting Adoption of Quick Food Service Shop Owners for Visual Content & Interactive POS
Market Developments Activities:
In October 2023, LG Electronics partners with Mvix, a digital signage software provider, to offer cloud-based digital menu board solutions for small and medium-sized businesses. This collaboration caters to the growing demand for affordable and easy-to-use digital menu board solutions, leveraging Mvix's cloud platform and LG's display technology.
In November 2023, Panasonic has launched Smart Signage Mirror. This innovative display doubles as a mirror and a digital menu board, blending seamlessly into the restaurant environment and offering interactive features.
Market players are focusing on providing Digital Menu Board with higher quality of system. They are also focusing on the numerous advanced interactive contents offerings to further process to reach a newer consumer base. The market is fragmented owing to the presence of several international providers. Besides, the industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market.
Key Target Audience
Digital Menu Board Manufacturers, Digital Menu Board Providers, Quick Service Restaurants Owners, Hospitality Industrialist, Commercial Space Owners, Third Party Investors, Third Party Payable Providers and New Entrants/Investors