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Outdoor LED Display Market

Published Date : Jun 2024 | Forecast Year : 2019

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Outdoor LED Display Market Size, Analysis, By Type (Surface Mounted, Individually Mounted), Color Display (Monochrome Display, Tri-Color Display, Full Color Display), Application (Billboards, Mobile LED Display, Perimeter Board, Traffic Lights, Video Wall, and Others) Trends Regional Outlook, and Forecast 2024-2032

Report ID: AG862

Published : Jun 2024

Pages : 126

Format : Outdoor LED Display Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 15.9 Billion
MARKET SIZE (2024)USD 8.5 Billion
CAGR (2023-2029)7.2%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPESurface Mounted
Individually Mounted
Breakup
BY APPLICATIONBillboards
Mobile LED Display
Perimeter Board
Traffic Lights
Video Wall
Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSDaktronics, Samsung, Unilumin, Leyard, Absen, LianTronics, Shenzhen Lightking Tech Group Co., Ltd., Lighthouse Technologies Limited, Sansi, Yaham Electronics, Ledman Optoelectronic Co., Ltd., Shenzhen Mary Photoelectricity Co.Ltd (MRLED), Lopu, Shenzhen AOTO Electronics Co., Ltd., Chipshow, Shenzhen CLT, INFiLED, Retop LED Display Co., LTD., QSTECH Co., Ltd., Shenzhen Teeho Optoelectronic Co., Ltd .

The Global Outdoor LED Display Market size was estimated to be valued at USD 8.5 Billion in 2023 and is expected to reach at USD 15.9 Billion by 2032, exhibiting at a CAGR of 7.2 % during the forecast period. This report provides a deep insight into the Outdoor LED Display Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Market Segmentation Analysis:

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Outdoor LED Display Market

Size, by Product, - (USD Billion)

Surface Mounted

Individually Mounted

Breakup

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

7.2%

The Forecast Market

Size for in USD:

$15.9 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Key Profiles:

Daktronics, Samsung, Unilumin, Leyard, Absen, LianTronics, Shenzhen Lightking Tech Group Co., Ltd., Lighthouse Technologies Limited, Sansi, Yaham Electronics, Ledman Optoelectronic Co., Ltd., Shenzhen Mary Photoelectricity Co.Ltd (MRLED), Lopu, Shenzhen AOTO Electronics Co., Ltd., Chipshow, Shenzhen CLT, INFiLED, Retop LED Display Co., LTD., QSTECH Co., Ltd., Shenzhen Teeho Optoelectronic Co., Ltd 

Outdoor LED Display Market Segments:

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 

Regional Analysis

  • North America: Large economies like the United States and Canada are covered in this region.
  • Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.
  • Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.
  • Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.
  • Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.
  • Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Outdoor LED Display Market

Share, by end user, (USD Billion)

Analytica Global 8.5 Billion %

Billboards

Mobile LED Display

Perimeter Board

Traffic Lights

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

15.9 Billion

Total Market Size

USD (Billion),

7.2%

CAGR

-

Market Overview:

  • LED refers to light-emitting diodes, and LED screens consist of a flat screen that uses multiple light-emitting diodes to display videos.
  • In addition, the LED display offers high brightness and therefore finds many applications in outdoor displays, such as digital name tags on shop signs, vehicles and billboards. 
  • These products have both a light and a visual display. In addition, it is used for various decorative purposes, including stage lighting.

Growth Factors of Outdoor LED Display Market:

  • With high brightness to display content clearly in direct sunlight and durability to withstand extreme environmental conditions such as rain, heat, snow and wind, outdoor LED screens are widely used to effectively display advertisements during frequent games. 
  • This may also be due to the increasing consumer spending on outdoor activities and the increase in government funding for organizing sports tournaments and events.
  •  In addition, because outdoor LED screens are waterproof and provide heat dissipation function, they can be installed in clinics or health centers located in high traffic areas for health or educational events, research campaigns and charity concerts. 
  • Beside this, LED outdoor displays are gaining momentum in colleges to convey school activities, events and information, and improve the learning experience and school environment. In addition, the increasing focus on digitized advertising of products and services to engage the public and maximize the effectiveness of marketing messages offers the market lucrative growth opportunities.
  •  In addition, market participants are introducing superior versions of LED outdoor screens in different formats for different stadiums and outdoor conditions. These displays offer good performance and exceptional image quality, which is expected to positively impact the market.

COVID-19 Impact on The Outdoor LED Display Market

  • The COVID-19 pandemic has significantly affected the outdoor LED display market in several ways. Initially, a significant downturn was experienced as global supply chains were disrupted, resulting in delays in the manufacturing and delivery of display components. Many projects have been delayed or canceled due to global uncertainty and corporate financial constraints.
  • However, as the pandemic progressed, LED outdoor displays gained new importance in communication strategies. Due to restrictions on physical meetings, businesses and governments have turned to digital platforms for public information, promotions and virtual events. This change has increased the demand for outdoor LED screens that can effectively deliver dynamic content outdoors
  • Additionally, as the economy began to recover and adjust to the new normal, outdoor advertising and digital signage were invested even more to reach audiences in public spaces where traditional media may not be as effective. This trend has further boosted the LED display market and encouraged innovation in display technology and content delivery systems.
  • Overall, while COVID-19 initially challenged the outdoor LED display market, it also accelerated digital transformation trends and highlighted the industry's flexibility and adaptability to meet evolving communication needs in a post-pandemic world.

    Outdoor LED Display Market

    Size, by Product, - (USD Billion)

    APAC $ 24

    The Market will Grow

    At the CAGR of:

    7.2%

    The Forecast Market

    Size for in USD:

    $15.9 Billion B

    b0d51e3055fd6f23ff6a384a6e091406.svg

Restraints Factors:

  • The upfront investment required for outdoor LED screens, including installation, maintenance and content management systems, can be significant. This cost can deter potential buyers and limit entry, especially for small businesses or organizations with constraints.
  • Outdoor LED screens are exposed to harsh environmental conditions such as extreme temperatures, humidity, dust and sunlight. These factors can affect the performance and longevity of displays, resulting in higher maintenance costs and reduced lifespan.
  • Installation of outdoor LED screens often requires compliance with local ordinances and zoning laws, which can vary greatly from area to area. Compliance with these regulations adds complexity and can delay the project schedule.
  • Outdoor LED displays involve complex technology integration, including hardware, software and connectivity solutions. Managing and troubleshooting these systems can be complex and require specialized skills and technical knowledge.

LED Display Market: Obstacles

  • The use of LEDs has harmed human health and this may hinder the growth of the global industry
  • The dangerous effects of LEDs on human health may hinder the growth of the global LED market display industry. In addition, LED bulbs and LED tubes use a short wave, and constant exposure to it can cause chronic diseases in people, which prevents the industry from expanding globally.

    Outdoor LED Display Market TO (USD BN)

    Outdoor LED Display Market

    CAGR OF

    7.2%

    Outdoor LED Display Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 15.9 Billion %

Growing desire for personalized Usage:

  • Personalized content allows businesses to tailor messages based on audience demographics, behaviors and preferences. This targeted approach improves relevance and increases the likelihood of engaging and engaging viewers.
  • Personalized displays can create a more memorable and positive customer experience. Whether showing relevant introductions, greetings or interactive content, personalized messages make customers feel valued and understood, which strengthens brand loyalty.
  • Advances in technology enable the collection and analysis of data to better understand audience behavior and preferences. This data can inform customized content strategies and ensure that displays deliver the right message at the right time and place.
  • Outdoor LED screens with digital signage software offer the flexibility to update content in real time. This flexibility allows businesses to quickly respond to changing market conditions, seasonal trends or local events with personalized messages that resonate with their audiences.
  • Personal LED outdoor displays can be integrated with other digital channels such as mobile apps, social media and websites. This seamless integration creates a unified omni-channel experience that strengthens brand communication across multiple touch points. 

Frequently Asked Questions (FAQs)

How big is the Outdoor LED Display Market?

Ans: The Outdoor LED Display Market size valued at USD 15.9 Billion in and grow at a CAGR of 7.2 % 

What is the current Outdoor LED Display Market size?

ANS: The Outdoor LED Display Market size is expected to be USD 8.5 Billion.

Who are the key players in Outdoor LED Display Market

Ans: Daktronics, Samsung, Unilumin, Leyard, Absen, LianTronics, Shenzhen Lightking Tech Group Co., Ltd., Lighthouse Technologies Limited, Sansi, Yaham Electronics, Ledman Optoelectronic Co., Ltd.,

Which is the fastest growing region in Outdoor LED Display Market?

Ans: North America is estimated to grow at the highest CAGR over the forecast.

Outdoor LED Display Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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