Press release
Sony, Panasonic, Profiled in Outdoor LED Display Market Forecast 2024 | Top Key Player LG Electronics, Toshiba, Sharp, Samsung Display, Qingdao Haier, Innolux, Hisense Group, AU Optronics
Market Study Report adds 2017-2024 Global Outdoor LED Display market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.Increased demand for sophisticated applications such as advertising boards, video walls, stadium screens, perimeter boards and scoreboards is anticipated to propel outdoor LED display market size from 2016 to 2024. Corporate brands opt for these devices owing to various benefits such as brightness, HD resolution, pitch, good pixel, durability, portability and energy efficiency. Outdoor LED Display Market size is forecast to exceed USD 22.4 billion by 2024; according to a new research report.
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Surface mounted technology is projected to grow with 220% CAGR from 2016 to 2024. Rising prominence of these devices may offer tough competition to conventional systems in the coming years. Advent of projector as well as LCD technology is anticipated to negatively impact demand. However, rising preference for energy efficient device, evolving screen dynamics and low operating costs may fuel outdoor LED display market share for various advertisement and sports events.
Electronic signs used in billboards display multiple messages, and these messages can be changed either remotely or by programming the display on the site. Growing demand for electronic billboards over printed billboards with rising number of advertisements will be responsible for driving outdoor LED display market size. As the cost of billboards continues to decrease, growth in developing economies could boost sales significantly.
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Key insights from the report include:
Features such as high cost-effectiveness, incredible visibility and dynamic content will drive growth in the billboards segment. Traffic lights accounted for more than 11.5% of the global outdoor LED display market share and is forecast to be valued over USD 1.95 billion by 2024. Growth in the segment can be dedicated to attributes such as ability to readily adopt to power supply changes, high energy efficiency and low maintenance cost.
Individually mounted technology was valued at USD 1.46 billion in 2015. Brighter illuminated display, minimal heat generation, and longer life is forecast to encourage retailers as well as commercial builders to adopt this technology.
China outdoor LED display market size will drive revenue in Asia Pacific, which was estimated at USD 1.18 billion as of 2015. Regional growth can be credited to swift infrastructural development and increasing sports activities across emerging economies such as China and India.
Key industry participants are Sony, Panasonic, LG Electronics, and Toshiba. Other prominent playres include Sharp, Samsung Display, Qingdao Haier, Koninklijke Philips, Innolux, Hisense Group, AU Optronics, and BOE Technology Group.
Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3. Outdoor LED Display Industry Insights
Chapter 4. Outdoor LED Display Technology Insights
Chapter 5. Outdoor LED Display Application Insights
Chapter 6 Outdoor LED Display Color Display Insights
Chapter 7. Outdoor LED Display Regional Insights
Chapter 8. Outdoor LED Display Market Company Profiles
For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/outdoor-led-display-market/?utm_source=OPR-SP
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