Press release
Outdoor LED Display Market is Most Likely to Reflect A Staggering Growth Through The Forecast Period 2018-2025
The Global Outdoor LED Display market was valued at US$ 16.43 billion in 2016 and is expected to witness a CAGR of 17.1% from 2017 to 2025. Rising consumer requirement for energy-efficient lighting systems, technological innovation, HD resolution, good pixel quality, and brightness are some of the factors augmenting the outdoor LED display market growth.Inquire Here Before Purchase of Research Report @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/956
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.
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.
LED Billboard segment holds the highest market share
Among application type, the LED Billboard segment is estimated to be the leading market in the global Outdoor LED Display Market, due to various features offered such as cost-effectiveness, dynamic content as well as incredible visibility. LED Video wall market is expected to exhibit the highest CAGR during forecast period.
Individually mounted technology segment holds a dominant position
Individually mounted technology segment accounted major market share of the outdoor LED display market in 2016. Growing demand for large screens with high broadcasting distance is expected to boost the growth of this technology. It generates less heat and provides longer life when compared to conventional devices. Additionally, it offers brighter illuminated lighting that is expected to offer better readability compared to conventional billboards.
Full Color Outdoor LED Display Segment is Expected to be the Fastest Growing Segment
In 2016, full color outdoor LED display segment was the leading segment in the market and is expected to lead during the forecast period with the highest CAGR. The beneficial features of full color outdoor LED displays are HD resolutions, high quality pixel, good quality animations and videos, and others. High demand due to its popularity are letting manufacturers to develop innovative full color outdoor LED displays using surface mounted LED display technology. These displays are widely used in various advertising brands from different industries such as automobile, FMCG, food and beverages, textile, and sports and entertainment. Monochrome and tri-color outdoor LED displays are expected to attract market due to its wide usage in applications such as digital signage and scoreboards.
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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.
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.
Detail Outdoor LED Display Market Segmentation:
Global Outdoor LED Display Market, By Deployment Type:
◦ Installed
◦ Rental
Global Outdoor LED Display Market, By Application Type:
◦ LED Billboards
◦ Perimeter LED Boards
◦ LED Mobile Screen
▪ 1 to 30 sq.m.
▪ 31 to 60 sq.m.
▪ 61 sq.m. and above.
◦ LED Traffic Lights
◦ LED Video Walls
▪ Indoor Modular Screens
▪ Outdoor Modular Screens
◦ Other LED Matrix Displays
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