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Outdoor LED Display Market Growing at CAGR of 20% by 2024, Key players include BÜCHI Labortechnik AG, Daktronics, LG Electronics, Panasonic, Sony, Toshiba and Epistar

12-20-2018 04:20 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
Outdoor LED Display Market

Outdoor LED Display Market

Outdoor LED Display Market size is forecast to exceed USD 22.4 billion by 2024. 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.

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The Major Players Operating in The Outdoor LED Display Market-

1. BARCO NV
2. Daktronics
3. Data Display Systems, LLC
4. BÜCHI Labortechnik AG
5. Electronic Displays Inc
6. Leyard Optoelectronic Co., Ltd.
7. LG Electronics
8. Lighthouse Technologies
9. Panasonic
10. Shenzhen Dicolor Optoelectronics Co.,Ltd
11. Sony
12. Toshiba
13. Epistar

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.

Surface mounted technology is projected to grow with 26.5% 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.

Outdoor LED Display Application Analysis (Revenue, USD Million, 2013 - 2024)
• LED Billboards
• Perimeter LED boards
• LED Mobile Panel
• LED Traffic Lights
• LED Video walls
• Other LED Matrix Boards

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.

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Asia Pacific outdoor LED display market size was valued at over USD 1 billion in 2015. It is predicted to grow at nearly 25% CAGR from 2016 to 2024, owing to growing number of sports activities along with infrastructural development across emerging nations such as India and China. U.S. outdoor LED display market share accounted for more than 50% of the regional revenue in 2015 and is likely to be valued over USD 2.5 billion by 2024. Growth in the region can be dedicated to rising demand for customized solutions along with increasing technology usage in numerous prominent streets including New York, Times square and The Boardwalk in Atlantic City.

In 2015, North America accounted for over 19% of the revenue generated. Rising technology implementation in various locations including The Boardwalk and Times Squar is anticipated to propel demand through 2024. Bus stops and train stations are set to witness high deployment of interactive screens.

Browse Complete Report Summary: https://www.gminsights.com/industry-analysis/outdoor-LED-market

The outdoor LED display market supply chain includes raw material/component suppliers, manufacturers, distributors/sales team, and end-use areas. Raw materials used in manufacturing include data collectors, back covers, driver chips, PCBs, LED lights, cabinets, and LED tiles. The industry comprises a large number of raw material providers include Osram Opto Semiconductors, Abacus LED, Epistar Corp., Aixtron AG, Universal Display Corporation, and Lighthouse Technologies Ltd.

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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