Team Collaboration Displays Market Moving Skywards, on Track for 14% Volume Growth this Year

The collaboration displays market is back on a strong growth curve and gearing up for prolonged expansion, according to a new report from Futuresource Consulting. That’s after a dismal year in 2020, which saw team collaboration display (TCD) volumes drop by 13% worldwide, due to a rash of COVID-related challenges.

Future Growth Locked in, Despite Ongoing Challenges

“Since 2020, the TCD market has been licking its wounds, recuperating and laying the groundwork for future growth,” says Jeremy Wills, Principal Analyst, Futuresource Consulting. “Last year volume was up 19%, and we expect another 14% rise in 2022, although sales are being hampered in North America and EMEA due to ongoing semiconductor supply and shipping issues.

“We’re also seeing businesses place more emphasis on connectivity in small lower-cost meeting rooms and breakout spaces. End users are equipping offices with non-touch FPDs, or even TVs for post-COVID hybrid working. But this trend is not going to cause the TCD market any major duress.”

China Leads the Pack

In the regions, APAC dominates the landscape, accounting for more than 80% of sales in 2021 according to Futuresource. China leads the way, and this will continue through the forecast period out to 2026.

Due to their popularity in China as alternatives to video conferencing and wireless presentation solutions, conferencing end point TCDs led the global TCD market across Q2 2021 through to Q1 2022. These solutions accounted for 85% of all TCDs sold globally, stealing a march on unified collaboration displays and network connected displays.

Positive Growth Signs Throughout the Forecast Period

“All this market positivity shows no signs of stalling,” says Wills. “From 2023, we expect sales volume growth to accelerate at an even higher pace than this year, as end-users gain a clearer picture of how their hybrid working environments will be optimised. From next year, market prospects are looking very buoyant indeed, with our forecasts showing a volume CAGR of 18% for 2021 to 2026.”

For further information on Futuresource Consulting’s TCD market report for H1 2022, or to make a purchase, please contact ben.thrussell@futuresource-hq.com

About the author

Jeremy Wills

Jeremy joined Futuresource Consulting in 2001. He holds a degree in French from Kings College, University of London. Jeremy is a member of the Professional AV team. He focuses on Signal Distribution, Meeting Room Control, AV Managed Services, Interactive Displays, Professional Lighting and Esports.

In previous Futuresource roles, Jeremy was part of the Imaging team covering consumer camera and photo output markets and, prior to this, a member of the Home Entertainment team, tracking the global pre-recorded media manufacturing and storage media sectors. Jeremy has managed two research and analysis teams during his years with Futuresource, as well a wide variety of syndicated and custom research projects.