The global outdoor LED display market size reached US$ 7.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.73% during 2023-2028.
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.
2. What is the expected growth rate of the global outdoor LED display market during 2023-2028?
3. What are the key factors driving the global outdoor LED display market?
4. What has been the impact of COVID-19 on the global outdoor LED display market?
5. What is the breakup of the global outdoor LED display market based on the type?
6. What is the breakup of the global outdoor LED display market based on the application?
7. What are the key regions in the global outdoor LED display market?
8. Who are the key players/companies in the global outdoor LED display market?
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:
The publisher provides an analysis of the key trends in each sub-segment of the global outdoor LED display market report, along with forecasts at the global, regional and country level from 2023-2028. Our 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 CorporationKey Questions Answered in This Report
1. What was the size of the global outdoor LED display market in 2022?2. What is the expected growth rate of the global outdoor LED display market during 2023-2028?
3. What are the key factors driving the global outdoor LED display market?
4. What has been the impact of COVID-19 on the global outdoor LED display market?
5. What is the breakup of the global outdoor LED display market based on the type?
6. What is the breakup of the global outdoor LED display market based on the application?
7. What are the key regions in the global outdoor LED display market?
8. Who are the key players/companies in the global outdoor LED display market?
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
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 7.8 Billion |
| Forecasted Market Value ( USD | $ 12.4 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
