Outdoor LED Display Market size to grow at over 20% CAGR to reach $22.4bn by 2024: Global Market Insights Inc.
“Key industry participants are Sony, Panasonic, LG Electronics, and Toshiba. Other prominent playres include Sharp, Samsung Display, Qingdao Haier, Koninklijke Philips, Innolux, Hisense Group, AU Optronics, and BOE Technology Group.”
“Outdoor LED Display Market Size By Application (Perimeter Boards, Billboards, Mobile Panels, Video Walls, Traffic Lights, LED Matrix Boards), By Technology (Surface Mounted, Individually Mounted), By Color Display (Tri-Color, Monochrome, Full Color), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”
Global Outdoor LED Display Market size contribution was higher than $2.6 billion for 2015 and is projected to record CAGR of more than 20.1% during forecast timeline. Key installation advantages include modern features like power efficacy, high definition resolution, portability, brightness, longevity and good pixel. All these factors are predicted to boost industry demand.
Rising demandfor modern applications like perimeter boards, video walls and advertising boards is predicted to promote outdoor LED display industry trends during forecast timeline. Rising demand for wireless connections for billboards and high resolutionsigns ideal for customized contents as well as heavy pedestrian traffic regions are predicted to play main part in the expansion of LED (light emitting diode) display technology.
Mobile outdoor commercialis projected to play an important part in this LED technology. In addition to this, benches, phone kiosk ads and new racks applications are projected to display heavy demand for LED display technology. All these factors are anticipated to boost global outdoor LED display industry growth. Technological breakthroughs are predicted to lead to positive outdoor LED display market price trends in future.
Global outdoor LED display industry is segmented into video walls, perimeter boards, LED matrix boards, traffic lights, mobile panels and billboards.
Billboards segmented contributed more than 40.1% of revenue for 2015 and is predicted to record CAGR of 24.9% in future. Segment expansion is credited to many features provided by the technology like unbelievableprominence, price effectivity and dynamic contents.
Traffic lights segment is projected to register CAGR of more than 19.1% during forecast timeframe.
Asia Pacific outdoor LED display market size, by application, 2013-2024 (USD Million)
Global outdoor LED displaymarket is segmented into individually mounted technology and surface mounted technology.
Individual mounted technology contributed more than 55.1% of the global outdoor LED display market share for 2015. Growing demand for big screens with high observingdistance is projected to inspiredealers and builders to acceptthe technology. Further, it produces less heat and offers long life spanas compared to traditional equipments. Also, it offers bright illuminated display predicted to provide higher readability as compared to traditional signs and billboards. All these factors have added to the segment growth.
Surface mounted technology segment is projected to display significant development prospects and is predicted to provide tough competition to individual mounted technology segment in future.
Color Display Insights
Global outdoor LED displayindustry is segmented full color display, tri-color display, interactive visualization display, interactive floor display and monochrome display.
Growing acceptance of full color prototypes due to its capability to display high quality videos, images and animations is predicted to drive full color display segment expansion.
Tri color display segment is predicted to record CAGR of 22.4% during forecast timeline. The segment growth can be credited to growing acceptance of this projection technique in scoreboards and digital signage.
Interactive visualization technology showsdataby using interactive pictures. Screens using this display technology are predicted to be installed at many public locations like bus stops and railway stations during forecast timeline. Increasing trendtowards interactive media supporting three-dimensional format can favorably affect expansion.
Interactive floor displays are particularly used in entertainment industry and are also available in malls, sports halls, theme parks and hotels. All these factors are predicted to significantly enhance the demand for the segment.
Read full market research report “Outdoor LED Display Market Size By Application (Perimeter Boards, Billboards, Mobile Panels, Video Walls, Traffic Lights, LED Matrix Boards), By Technology (Surface Mounted, Individually Mounted), By Color Display (Tri-Color, Monochrome, Full Color), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, China, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, please click on the link below:
Global outdoor LED displaymarket is segmented into geographical locations like APAC, North America, MEA, LATAM and Europe.
APAC outdoor LED display industry size contributed greater than $1.1 billion for 2015 and is projected to register CAGR of about 25.1% during forecast timeline. The growth of the region can be attributed to increasing amount of sports activities coupled with infrastructural growth across developing nations like China and India.
U.S. outdoor LED display market share contributed higher than half of the regional revenue for 2015 and is predicted to be evaluated more than $2.6 billion by end of forecast timeline. The regional industry expansion is credited to increasing demand for customized services coupled with rising use of technology in streets of New York and Times square.
Key industry players profiled in the report include Leyard Optoelectronic, Daktronics, LG Electronics, Electronic Displays, Sony,Toshiba, Shenzhen Dicolor, Optoelectronics, Lighthouse Technologies and Barco NV.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.