Press release
Outdoor LED Display Market Trends Growth Forecast Research 2018-2024
Global Market Insights, Inc.
Outdoor LED Display Market is expected to grow at a CAGR of over 20% during the forecast timeline. Emerging demand for wireless information connections for high resolution 10 mm symbols, billboards which are appropriate for high pedestrian traffic sectors and customizable content are anticipated to witness growth in the outdoor LED display market.
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Customized content can be altered and programmed based on scheduled events, expected audience, weather conditions and inventory flow to influence the target audience based on the demographic and location. Mobile outdoor advertisement will play a vital role in this technology growth. Advertisements on taxicabs interconnected by billboards is projected to deliver players an opportunity to reach their customers. News racks, Phone kiosk advertising benches and other customized applications will witness a high demand.
The LED displays are usually high in price which is affecting the adoption rate in the outdoor LED display market. The price per lumen and high initial capital cost will negatively impact the industry. LEDs are much more expensive than the traditional lighting technologies. They must be provided with the correct current and voltage supply., This needs some electronics skill to design the electronic drivers.
Based on applications, Billboards will witness a significant rise estimated to increase at over 20% CAGR over the next seven years. Growth in the segment can be accredited to several features offered such as dynamic content, far-fetched visibility and cost-effectiveness. Traffic lights segment is estimated to increase at over 18% from 2017 to 2024.
By color display, full color outdoor LEDs will have a considerable growth owing to the increasing adoption of complete color models due to its aptitude to offer high quality animations, videos, and images will drive full-color market.
China outdoor LED display market is expected to grow at a significant rate over the forecast timeline. Rising demand for structured light scanners and high adoption across several application areas will drive the regional demand. Latin America is expected to become the most attractive region and is projected to cross USD 750 million by 2022.
Key players in the outdoor LED display market include Sony, LG Electronics, Panasonic, Daktronics, Toshiba, Shenzhen Dicolor and Electronic Displays. Other industry participants in the industry include Optoelectronics, Barco NV, Lighthouse Technologies and Leyard Optoelectronic.
Browse key industry insights spread across 100 pages with 64 market data tables & 56 figures & charts from the report, “Outdoor LED Display Market Size By Application (Perimeter Boards, Billboards, Mobile Panels, Video Walls, Traffic Lights, LED Matrix Boards), By Technology (Surface Mounted, Individually Mounted), By Color Display (Tri-Color, Monochrome, Full Color), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, China, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/outdoor-LED-market
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
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https://www.gminsights.com/pressrelease/barcode-printers-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Phone: 1-302-846-7766
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