Market Overview 2022-2027
The latest research study “Outdoor LED Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global outdoor LED display market reached a value of US$ 7.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.5 Billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Outdoor light-emitting diode (LED) displays refer to the large billboards used to display advertisements pertaining to products, services, or any public information. They rely on unique power-saving technologies, thereby making them a cost-effective marketing option. As they require less power and offer enhanced brightness, longer shelf life, high return on investment (ROI), etc., outdoor LED displays are widely installed in stadiums, retail establishments, transportation hubs, sports arenas, corporate campuses, etc., across the globe.
Global Outdoor LED Display Market Trends and Drivers:
The increasing need for high-luminance advertising options that can display content clearly even under direct sunlight and extreme environmental conditions is primarily driving the outdoor LED display market. Moreover, the growing product usage during outdoor games and tournaments is further catalyzing the market growth. Besides this, as outdoor LED displays are waterproof and provide advanced heat dissipation functions, they are extensively utilized by clinics or health centers in busy areas to organize health-related or awareness-raising events and fundraisers, which is acting as another significant growth-inducing factor. Furthermore, the inflating product requirement in higher educational institutions to announce school events, activities, and general information is also augmenting the global market. In addition to this, market players are launching premium product variants in various formats for numerous stadiums and outdoor venue applications with improved performance and image quality, which is anticipated to fuel the outdoor LED display market in the coming years.
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|Outdoor LED Display Market Report Scope|
|Market size value in 2021||US$ 7.08 Billion|
|Market forecast in 2027||US$ 11.5 Billion|
|Growth Rate||CAGR of 8.10% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Color Display, Application and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||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.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Type:
- Surface Mounted
- Individually Mounted
Breakup by Color Display:
- Monochrome Display
- Tri-Color Display
- Full Color Display
Breakup by Application:
- Mobile LED Display
- Perimeter Board
- Traffic Lights
- Video Wall
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are 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.
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