Outdoor led display market

Outdoor LED Display Market, by Mounted Technology (Individually Mounted, Surface Mounted), by Display Color (Monochrome, Tri-color, and Full Color), by Application (LED Billboards, Perimeter LED Boards, LED Mobile Screen, 1 to 30 sq. m., 31 to 60 sq. m., 61 and above sq. m., LED Traffic Lights, LED Video Walls, Indoor Modular Screens, Outdoor Modular Screens, Other LED Matrix Displays), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Aug 2022
CMI956
140 Pages
Excel & Pdf
Consumer Electronics

Summary

Outdoor light-emitting diode (LED) displays are electric and electronic products that include LED billboards, mobile LED screens, LED video walls, perimeter LED displays, LED matrix displays. Outdoor LED displays are available in different sizes, color display technologies, and resolutions as user requirements. Outdoor LED displays use a number of LEDs to display computer-programmed text and images that can easily be changed and updated through suitable software. Furthermore, outdoor LED displays to find major applications at airports, TV studios, aboard trains, bus stations, sports stadiums & arenas, retail stores and shopping centers, music concerts and live events, streets, building facades, etc.

Recent Developments:

In January 2021, LG Business Solutions, a company that provides commercial electronic solution launched outdoor LED displays with pixel ranging from 3.9 mm to 16 millimeters. The display has models named GSCA Versatile Series, GSCC Essential Series and GSCD Ultra-Light Series.

Restraint:

Growing preference of consumer towards online advertisement is expected hinder the global outdoor LED displays market growth over the forecast period. Online advertising through various social media platforms such as Facebook offers greater reach among target audience for the product. It is far more convenient and effective than outdoor LED displays. Moreover, unlike outdoor LED displays, online advertisement does not require significant amount of investment and is affordable for smalls-sized sellers. Therefore, these products are expected to hamper the global outdoor LED displays market growth in the near future.

Outdoor LED Display Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 14,134.88 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	15.9 %	2030 Value Projection:	US$ 52,404.14 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Mounted Technology: Individually Mounted, Surface Mounted By Display Color: Monochrome, Tri-color, Full Color By Application: LED Billboards, Perimeter LED Boards, LED Mobile Screen, 1 to 30 sq. m., 31 to 60 sq. m., 61 and above sq. m., LED Traffic Lights, LED Video Walls, Indoor Modular Screens, Outdoor Modular Screens, Other LED Matrix Displays
Companies covered:	LG Electronics Inc. Barco N.V., Galaxia Electronics, Daktronics Inc., Toshiba Corporation, Data Display Co. Ltd., Sony Corporation, EKTA Ltd., Electronic Displays Inc., Panasonic Corporation, Leyard Opto-Electronic Company Ltd., Lighthouse Technologies Ltd., Shenzhen Dicolor Optoelectronics Co. Ltd.
Growth Drivers:	Increasing number of sports and music concerts worldwide Lucrative benefits provided by LED displays such as efficiency, environment friendly, and durability
Restraints & Challenges:	Rising adoption of displays and online advertising methods

Global Outdoor Led Display Market - Impact of Coronavirus (Covid-19) Pandemic :

The COVID-19 pandemic has affected company activity, personal living, and economic growth across the globe. Several enterprises that were prospering prior to the pandemic have faced major revenue losses and seen a slow growth rate. International assignments like Tokyo Olympics, Euro Cup 2020 and Internal Band concerts were postponed and demand for outdoor LED displays declined as social gatherings were banned by the governments of several countries across the globe. Corporate events, musical concerts, and weddings were canceled as LED display and LED walls are used for live streaming the events. As a result, companies manufacturing outdoor LED displays faced major challenges and revenue declined tremendously. Thus, COVID-19 had a severe impact on the global outdoor LED displays market and hence witnessed slow growth.

North America held a dominant position in the global outdoor LED displays market in 2021

Statistics:

North America held a dominant position in the global outdoor LED displays market in 2021, accounting for 31.0% share in terms of market share, followed by Asia Pacific,

Figure 1: Global Outdoor LED Displays Market Share (%), By Region, 2021

North America is expected to account for the largest market share for the outdoor LED displays market during the forecast period. Market players are investing heavily in technological expansions, research and development, and integration of technologies. For instance, outdoor LEDs with a touchscreen interface can be installed at retail stores and public places, in order to allow customers to explore information displayed on screen.

Asia Pacific is expected to emerge as the fastest-growing region for the outdoor LED displays market during the forecast years. The use of outdoor LED displays by various sectors such as retail sector, entertainment industry for advertising and promoting the products and content is driving the growth of the outdoor LED displays market in Asia Pacific region.

Monochrome segment is expected to drive the Global Outdoor LED Displays Market growth during the forecast period.

Monochrome LED displays to have several advantages over the full color-out LED displays. They consume low power, are low cost, and small form factor. They also provide flicker-free images and better quality pictures, hence the popularity of monochrome led displays is growing tremendously.

Figure 2: Global Outdoor LED Displays Market (US$ Mn) Analysis and Forecast, 2022 - 2030

Global outdoor LED displays market was valued at US$ 14,134.88 Mn in 2021 and is expected to reach US$ 52,404.14 Mn by 2030, growing at a CAGR of 15.9% between 2022 and 2030.

Major players operating in the global outdoor LED display market include LG Electronics Inc. Barco N.V., Galaxia Electronics, Daktronics Inc., Toshiba Corporation, Data Display Co. Ltd., Sony Corporation, EKTA Ltd., Electronic Displays Inc., Panasonic Corporation, Leyard Opto-Electronic Company Ltd., Lighthouse Technologies Ltd., and Shenzhen Dicolor Optoelectronics Co. Ltd.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Outdoor LED Display Market- Global forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the expected market size of the global outdoor LED displays market in 2030?

Global outdoor LED displays market is expected to reach US$ 52,404.14 million by 2030.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 15.9 % during the forecast period (2022-2030).

What is the primary factor contributing to growth of the market?

Increasing number of sports and music concerts worldwide is expected to drive growth of the market.

Based on display color, which segment held the largest market share in the market in 2021?

Among display color, the monochrome segment held the largest market share in 2021.

Which region held the largest market share in the market in 2021?

North America held the largest share in the market in 2021.

Who are the key players operating in the market?

Key players operating in the market include LG Electronics Inc. Barco N.V., Galaxia Electronics, Daktronics Inc., Toshiba Corporation, Data Display Co. Ltd., Sony Corporation, EKTA Ltd., Electronic Displays Inc., Panasonic Corporation, Leyard Opto-Electronic Company Ltd., Lighthouse Technologies Ltd., and Shenzhen Dicolor Optoelectronics Co. Ltd.