Press release
Outdoor LED Display Market 2019-2026: Comprehensive Study Explores Huge Growth in Future | Worldwide Key Players - Philips Lighting Holding B.V., General Electric Company, Osram Licht AG, Cree, Eaton Corporation PLC
Outdoor LED Display
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Market Dynamics
Growing demand for LED displays in outdoor advertisement and broadcasting live events due to improved features of LED displays, rising number of sports events, live concerts, and corporate exhibitions worldwide, are increasing the demand for outdoor LED display, mainly in advertising and sports industries. Additionally, the companies in this market have started providing end-to-end solutions to their customers, including manufacturing the displays to installing them on site and offering after-sale services.
Market Taxonomy
This report segments the global Outdoor LED Display market on the basis of development type, by application type, by end-use industries, by mounted technology, by color display, and by geography. On the basis of development type, the global Outdoor LED Display market is classified into two types which include Installed and Rental. Application type of Outdoor LED Display include LED Billboards, Perimeter LED Boards, LED Mobile Screen, LED Traffic Lights, LED Video Walls, and Other LED Matrix Displays. LED Mobile Screen segment is further divided into three types of screen sizes including 1 to 30 sq.m., 31 to 60 sq.m., and 61 sq.m. and above. LED Video Walls application segment includes two types of screens including Indoor Modular Screens and Outdoor Modular Screens. Mounted Technology segment include Individually Mounted Outdoor LED Displays and Surface-Mounted Outdoor LED Displays. Display Color of Outdoor LED Display System include Monochrome Outdoor LED Displays, Tri-color Outdoor LED Displays, and Full Color Outdoor LED Displays. On the basis of geography, Outdoor LED Display market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East.
North America accounted for the largest market share
In 2016, North America accounted for the largest share in global outdoor LED display market due to development in semiconductor industry. Bus stops and train stations are expected to observe high deployment of interactive screens due to its energy efficiency, good intensity, good pixel, HD resolution, and longer life span.
Asia Pacific outdoor LED display market is projected to exhibit the highest CAGR during forecast period, because of increasing number of sports activities along with infrastructural development across emerging countries such as India and China. Introduction of new sport events such as Indian Premier League (Cricket), Hockey India League, Indian Badminton League, Pro Kabaddi League, and Indian Super League (Football) are indeed boosting the growth rate of Indian LED display market.
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Key companies covered as a part of this study include Philips Lighting Holding B.V., General Electric Company, Osram Licht AG, Cree, Inc., Eaton Corporation PLC, Hubbell Incorporated, Dialight PLC, Zumtobel Group AG, Syska LED, and Virtual Extension.
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