The global outdoor LED display market is poised to grow excruciatingly in the coming decade. Artificial Intelligence is expected to have an indelible impact on day-to-day functionality. It has already targeted voice and image recognition, smartphone personal assistants, navigation apps, ride-sharing apps, and the like. This would also help generate more employment opportunities. This would be the scenario with the ICT vertical in the forecast period.
The size of the global outdoor LED display market is likely to grow vigorously in the coming period. The market would show a bias towards privacy-enhancing computing over the time period. Many privacy protection techniques are likely to be used to allow value to be extracted from data. This would be the scenario with vertical ICT in the next 10 years.
According to the latest market report published by Persistence Market Research, titled “Global Outdoor LED Display Market Study: Asia Pacific to Witness the Highest Growth by 2022 in Installed and Rental Market”, it is estimated that the installed display market Outdoor LED will be valued at US$6,477.1 Mn by the end of 2015 and is forecast to expand at a CAGR of 15.9% from 2015 to 2024, to represent US$15,705.7 Mn by 2024. The report on the Global outdoor LED display market covers installed and rental market.
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Currently, the global market for Outdoor LED Displays is mainly driven by the improved features offered by LED Displays compared to conventional displays, including energy efficiency, durability, and lower maintenance cost. In addition, the rise of promotional activities in various industries is also fueling the growth of outdoor LED display products such as video walls, LED billboards, and LED mobile screens. However, factors such as high initial costs for fixed installation and the increasing trend towards online advertising are expected to restrain market growth.
key players. Main Players:
The report has profiled some of the major players prevailing in the world such as : Barco NV, Daktronics Inc., EKTA Ltd., Electronic Displays Inc., Leyard Opto-Electronic Company Ltd., LG Electronics Inc., Lighthouse Technologies Ltd., Panasonic Corporation, Shenzhen Dicolor Optoelectronics Co. Ltd., Sony Corporation, Toshiba Corporation and Galaxia Electronics Co. Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, brokers, customers, historical growth and future prospects of Outdoor LED Display.
Based on the application, the outdoor LED display market is segmented as LED billboards, LED mobile screens and LED video walls, LED traffic lights and other LED matrix displays. The LED billboard segment is expected to account for about 46% of the global outdoor LED (installed) market by the end of 2022 and is expected to witness a CAGR of 16.7% in value terms over the period. forecast (2015-2022). The LED Video Wall segment represents a 14.5% share of the 2014 installed market and is expected to rise at a CAGR of 16.8% in value terms over the forecast period .
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On the basis of color display, the outdoor LED display market size is segmented as monochrome display, tricolor display, and full color display. market in 2014. However, in the rental market, the segment of full color screens accounted for 58.8% in 2014. An increasing demand for high resolution LED screens for advertising and promotional events in shopping malls, stores is expected. retail, sports arenas, exhibitions and entertainment events. to drive the growth of the installed and rental market during the forecast period.
The report provides detailed information on various trends driving each segment, and offers insight and analysis on the opportunities for the Outdoor LED Display market in specific regions. The Outdoor LED Displays Market provides market estimates across all major geographies. In the installed market, North America is expected to dominate the market, accounting for a 31.6% market share in value terms by the end of 2022. Growth is expected to be driven primarily by increased adoption of LED displays for outside by advertising agencies for promotional activities.
The growth of LED video walls in the North American region is also fueled by the increasing demand for video walls at events and concerts, and perimeter boards and LED screens for installation in stadiums. The Outdoor LED Display Installed Market in APAC market is expected to witness the highest CAGR followed by MEA, during the forecast period. Growth in the APAC region is mainly due to increased infrastructure development and lifestyle projects, including shopping malls and multiplexes.
Regional coverage (regional production, demand and forecast by country, etc.):
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina, etc.)
Middle East and Africa (Saudi Araia, South Africa, etc.)
Outdoor LED Display Market Size Manufacturers Outdoor LED Display Market Size
Outdoor LED Display Market Size Sub-Component Manufacturers
Industry Association Downstream
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