Outdoor LED Display Market 2024: In-Depth Analysis of Regional Statistics and Growth Forecast
Date: 2020-03-03   Author: Ronak Bora  Category: #news

Outdoor LED Display Market 2024: In-Depth Analysis of Regional Statistics and Growth Forecast

Asia Pacific outdoor LED display market will grow at a CAGR of 25% over by 2024. Having been valued for around USD 1 billion in 2015, this regional market has also been experiencing an exponential growth in the infrastructural sector, which will lead to widespread product demand in the years to come. China and India will be the key revenue pockets driving APAC outdoor LED display industry.

Individually mounted LED displays will be increasingly adopted by commercial builders in the near future driven by the high demand for large screens and excellent viewability. Having held more than 55% of the overall revenue in 2015, individually mounted outdoor LED display market will grow substantially by 2024, powered by the product’s bright display feature, longer shelf life, and less heat generating capacity. Surface mounted outdoor LED display industry, on the other hand, is expected to grow at a CAGR of 26.5% by 2024.

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LED screens incorporating interactive visualization technology are forecast to be deployed increasingly across bus stops and train stations, owing to growing trend of utilizing high tech 3D powered interactive imaging. This trend is predicted to contribute heavily toward outdoor LED display market growth.

LED displays are a thing of the present and the future, and the demand for outdoor LED displays will continue to rise, owing to various corporate brands opting for high resolution display advertising. With the number of sporting events increasing across the globe and the growing demand for these products in digital advertising, outdoor LED display market is all set to reach greater heights over the coming seven years.

The remarkable growth of digital advertising will propel the demand for outdoor LED display industry. LED billboards, though expensive, are deemed to be highly effective as opposed to printed outdoor ads, with single ads displayed for a duration of 8 seconds. Extensive utilization of these billboards will augment outdoor LED display market in the next few years.

Recognizing the potential of LED displays and the impact they have on the audience, companies operating in global outdoor LED display industry are striving to develop innovative products that depict the features of longer shelf life and improved capacity. Key companies include Electronic Displays, Panasonic, Barco NV, LG Electronics, Shenzhen Dicolor, Leyard Optoelectronic, Toshiba, Sony, Optoelectronics, Panasonic, Daktronics, and Lighthouse Technologies.  Apart from novel product development, outdoor LED display market players are focusing on investing heavily in research & development activities and diversifying their product portfolio. Additionally, to cut down on the operational costs, companies have begun to rely on automation to update outdoor displays instead of technical personnel making tedious on-site visits.

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Glimpse of Table of Content (ToC):  -

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.     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

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/outdoor-LED-market



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for algosonline 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 sport.

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