The global outdoor LED display market reached a value of US$ 7.08 billion in 2021. Looking forward, the market is projected to reach a value of US$ 11.5 billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Outdoor light-emitting diode (LED) displays are reliable large billboards used to display advertisements about products, services, or any information related to a corporation. They rely on unique power-saving technology, thereby making them a cost-effective investment that leads to significant cost savings. As they require low power and offer high brightness, longer shelf life, and high return on investment (ROI), outdoor LED displays are widely installed in stadiums, retail, transportation, sports arenas, and corporate campuses.
With high luminance delivering content clearly under direct sunlight and the durability to withstand extreme environmental conditions like rain, heat, snow, and wind, outdoor LED displays are gaining widespread adoption in delivering advertisement effectively during games. This can also be attributed to growing consumer spending on outdoor activities and increasing government funding for sports tournaments and events. Moreover, as outdoor LED displays are waterproof and offer heat dissipation functions, they can be installed at clinics or health centers located in busy areas to organize a health-related or an awareness-raising event, a fund-raising campaign for research, and a charity concert. Apart from this, outdoor LED displays are gaining traction in higher educational institutions to announce school activities, events, and information and improve the learning experience and school environment. Furthermore, the rising focus on the digitized promotion of products and services to engage audiences and extract maximum effectiveness in marketing messages is providing lucrative growth opportunities to the market. Besides this, market players are introducing premium versions of outdoor LED displays in various formats for different stadiums and outdoor venue applications. These displays provide robust performance with exceptional image quality, which is anticipated to influence the market positively.
This report provides an analysis of the key trends in each sub-segment of the global outdoor LED display market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, color display and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being ClearLED Ltd., Daktronics Inc., Delta Electronics Inc., Electronic Displays Inc., Galaxia Electronics Co. Ltd., Leyard Optoelectronic Co. Ltd., LG Electronics Inc., Lighthouse Technologies Limited, LIGHTVU, Panasonic Corporation, Samsung Electronics Co. Ltd. and Toshiba Corporation.
Outdoor light-emitting diode (LED) displays are reliable large billboards used to display advertisements about products, services, or any information related to a corporation. They rely on unique power-saving technology, thereby making them a cost-effective investment that leads to significant cost savings. As they require low power and offer high brightness, longer shelf life, and high return on investment (ROI), outdoor LED displays are widely installed in stadiums, retail, transportation, sports arenas, and corporate campuses.
Outdoor LED Display Market Trends
With high luminance delivering content clearly under direct sunlight and the durability to withstand extreme environmental conditions like rain, heat, snow, and wind, outdoor LED displays are gaining widespread adoption in delivering advertisement effectively during games. This can also be attributed to growing consumer spending on outdoor activities and increasing government funding for sports tournaments and events. Moreover, as outdoor LED displays are waterproof and offer heat dissipation functions, they can be installed at clinics or health centers located in busy areas to organize a health-related or an awareness-raising event, a fund-raising campaign for research, and a charity concert. Apart from this, outdoor LED displays are gaining traction in higher educational institutions to announce school activities, events, and information and improve the learning experience and school environment. Furthermore, the rising focus on the digitized promotion of products and services to engage audiences and extract maximum effectiveness in marketing messages is providing lucrative growth opportunities to the market. Besides this, market players are introducing premium versions of outdoor LED displays in various formats for different stadiums and outdoor venue applications. These displays provide robust performance with exceptional image quality, which is anticipated to influence the market positively.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global outdoor LED display market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, color display and application.
Breakup by Type:
- Surface Mounted
- Individually Mounted
Breakup by Color Display:
- Monochrome Display
- Tri-Color Display
- Full Color Display
Breakup by Application:
- Billboards
- Mobile LED Display
- Perimeter Board
- Traffic Lights
- Video Wall
- Others
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
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being ClearLED Ltd., Daktronics Inc., Delta Electronics Inc., Electronic Displays Inc., Galaxia Electronics Co. Ltd., Leyard Optoelectronic Co. Ltd., LG Electronics Inc., Lighthouse Technologies Limited, LIGHTVU, Panasonic Corporation, Samsung Electronics Co. Ltd. and Toshiba Corporation.
Key Questions Answered in This Report
- How has the global outdoor LED display market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global outdoor LED display market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the color display?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global outdoor LED display market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Outdoor LED Display Market
What is the estimated value of the Global Outdoor LED Display Market?
What is the growth rate of the Global Outdoor LED Display Market?
What is the forecasted size of the Global Outdoor LED Display Market?
Who are the key companies in the Global Outdoor LED Display Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 7.08 Billion |
| Forecasted Market Value ( USD | $ 11.5 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Outdoor LED Display Market
6 Market Breakup by Type
7 Market Breakup by Color Display
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ClearLED Ltd.
- Daktronics Inc.
- Delta Electronics Inc.
- Electronic Displays Inc.
- Galaxia Electronics Co. Ltd.
- Leyard Optoelectronic Co. Ltd.
- LG Electronics Inc.
- Lighthouse Technologies Limited
- LIGHTVU
- Panasonic Corporation
- Samsung Electronics Co. Ltd.
- Toshiba Corporation
Methodology
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