Outdoor LED Display Market Overview Worldwide Business Growth and Consumption Status, Segmentation and Drivers, Industry Survey and Trend To 2024
Category: #Technology  By Ronak Bora  Date: 2021-03-24
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Outdoor LED Display Market Overview Worldwide Business Growth and Consumption Status, Segmentation and Drivers, Industry Survey and Trend To 2024

The global outdoor LED display market has come to be recognized as a highly significant vertical in itself, as the product has helped businesses to market themselves, efficiently and creatively. Outdoor LED display allures potential customers as it has tremendous luminous power and adapts easily to changing environment.

Strategically placed billboards, for instance, are perceived as an exceptional method for delivering high-quality information and promotional messages to potential consumers. In stark contrast to standard billboards, electronic or digital billboards use significantly efficient light emitting diodes (LEDs) to showcase full-color high quality broadcast graphics, videos and animations.

Sustained demand for advanced applications such as video walls, advertising boards, stadium screens is expected to have positive influence in the expansion of outdoor LED display market outlook. Outdoor LED displays are highly sought-after among business stalwarts for they are smart, yet cost-effective. Besides, demand growth for outdoor LED display has been palpable among end-users, including government, banking, retail, automotive, healthcare and hospitality, among others.

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The introduction of these sophisticated LED display screens could generate tough competition for conventional display systems in the coming years. While the development of LCD technologies and projectors could hamper its demand, on the other hand, the escalating preference for energy-efficient, cost-effective and evolving screen dynamics of these devices would trigger the adoption outdoor LED display screens.

Additionally, the growing demand for establishing high-tech infrastructure for sports and other large events will generate high revenue opportunities for LED display producers. The surface mounted outdoor LED industry is poised to rise at 26.5% CAGR up to 2024 owing to the growing demand for high consistency in color brightness.

The growing trend of outdoor and indoor events such as sports, cultural, advertisement, seminars, business gathering, trade exhibitions, conferences, and others will lead to a notable demand for LED display screens. For instance, as per Oxford Economics and Events Industry Council, conferences and trade shows are the most common type of meeting activity in North America, which held a share of 23% in 2018 on account of the growing popularity.

Conferences and trade shows in Europe holds nearly 20% of the even industry, whereas in the Asia Pacific it accounts for nearly 17% and 10% in Central/South America. These statistics indicate tremendous possibilities for outdoor display providers worldwide.

List of the Key Companies that are Operating in the Outdoor LED Display Market. They are as follows:

Barco NV, Daktronics, Data Display Co Ltd, Buchi Labortechnik AG, Electronic Displays, Leyard Opto Electronic Co, LG Electronics, Lighthouse Technologies, Panasonic, Shenzhen Dicolor Optoelectronics Ltd, Sony Corporation, Toshiba

The digitalization of advertisement billboards has created momentous demand for outdoor LED display panels. Digital billboards display multiple messages along with electronic signs in quick time and these advertisement messages could be changed either through onsite programming or remotely.

The advanced display devices are usually used to communicate a large audience in an outdoor location. Also, video walls, scoreboards, stadium screens, perimeter boards, and advertising boards are poised to observe substantial growth on account of the surging number of large events.

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Table Of Content:

Chapter 4.     Outdoor LED Display Technology Insights

4.1.     Outdoor LED display market share by technology, 2015 & 2024

4.2.     Individually Mounted

4.2.1.    Market estimates and forecasts by region, 2013 - 2024

4.3.     Surface Mounted

4.3.1.    Market estimates and forecasts by region, 2013 - 2024

Chapter 5.     Outdoor LED Display Application Insights

5.1.     Outdoor LED display market share by application, 2015 & 2024

5.2.     LED Billboards

5.2.1.    Market estimates and forecasts by region, 2013 - 2024

5.3.     Perimeter LED boards

5.3.1.    Market estimates and forecasts by region, 2013 – 2024

5.4.     LED Mobile Panel

5.4.1.    Market estimates and forecasts by region, 2013 - 2024

5.5.     LED Traffic Lights

5.5.1.    Market estimates and forecasts by region, 2013 - 2024

5.6.     LED Video walls

5.6.1.    Market estimates and forecasts by region, 2013 – 2024

5.7.     Other LED Matrix Boards

5.7.1.    Market estimates and forecasts by region, 2013 – 2024

Chapter 6    Outdoor LED Display Color Display Insights

6.1.     Outdoor LED display market share by technology, 2015 & 2024

6.2.     Monochrome Display

6.2.1.    Market estimates and forecasts by region, 2013 - 2024

6.3.     Tri-Color Display

6.3.1.    Market estimates and forecasts by region, 2013 – 2024

6.4.     Full Color Display

6.4.1.    Market estimates and forecasts by region, 2013 - 2024

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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