According to the latest report by IMARC Group, titled “Outdoor LED Display Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global outdoor LED display market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global outdoor LED display market reached a value of US$ 7.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.5 Billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027.
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Outdoor light-emitting diode (LED) displays are large billboards widely used to advertise products, services, or brands. They are a cost-effective investment as they rely on power-saving technology that leads to significant cost savings. They offer numerous benefits such as high brightness, excellent return on investment (ROI), low power consumption, and longer shelf life. As a result, outdoor LED displays find extensive applications in advertising boards installed in retail, sports arenas, shopping malls, transportation hubs, corporate campuses, and stadiums.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, color display, application and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for outdoor LED display market
- Strategies of major players and product offerings
The global outdoor LED display market is primarily driven by the increasing use of brand advertisements and promotional campaigns due to rising business competition and the growing need to strengthen the market position. Moreover, there has been surging adoption of outdoor LED displays due to their durability and ability to withstand extreme environmental conditions, such as rain, heat, snow, and wind, and deliver content clearly under direct sunlight. In line with this, the increasing government funding for sports tournaments and events and the growing consumer expenditure on outdoor activities have augmented the product demand.
Apart from this, the surging popularity of outdoor LED displays across educational institutions to improve the learning experience and school environments and make announcements is positively influencing the market growth. Furthermore, the growing emphasis on digitized product and service promotion to engage audiences and extract maximum effectiveness from marketing messages is contributing to market growth. Other factors, including the launch of innovative outdoor LED displays, rising digitization, inflating electricity costs, and increasing outdoor events, are also anticipated to propel market growth.
Key Players Included in Global Research Report:
- ClearLED Ltd.
- Daktronics Inc.
- Delta Electronics Inc.
- Electronic Displays Inc.
- Galaxia Electronics Co. Ltd.
- Leyard Optoelectronic Co. Ltd.
- LG Electronics Inc.
- Lighthouse Technologies Limited
- Panasonic Corporation
- Samsung Electronics Co. Ltd.
- Toshiba Corporation.
Do you know more information, Contact to our analyst at– https://www.imarcgroup.com/outdoor-led-display-market
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Type:
- Surface Mounted
- Individually Mounted
Breakup by Color Display:
- Monochrome Display
- Tri-Color Display
- Full Color Display
Breakup by Application:
- Mobile LED Display
- Perimeter Board
- Traffic Lights
- Video Wall
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Outdoor LED Display Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Outdoor LED Display Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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