Press release
Outdoor Led Display Market Competitive Insights and Demand Forecast to 2024 - LG Electronics, Sony, Panasonic, Toshiba, Daktronics, Shenzhen Dicolor and Electronic Displays
Outdoor Led Display Market
Sustained demand for advanced applications such as video walls, advertising boards, stadium screens is expected to have positive influence in the expansion of outdoor LED display market outlook. Outdoor LED displays are highly sought-after among business stalwarts for they are smart, yet cost-effective. Besides, demand growth for outdoor LED display has been palpable among end-users, including government, banking, retail, automotive, healthcare and hospitality, among others.
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In a bid to break the clutter of traditional advertising mediums, LED displays are mounted on vehicles to propel portability. For instance, mounted on vans LED displays provide HD resolution and high brightness. Manufacturers are vying to revolutionize outdoor LED display market by introducing optimum quality products that would fuel the purchase decision. Assessing a host of factors, Global Market Insights, Inc. predicts outdoor LED display indusry size to surpass US$ 22.4 bn by 2024.
Outdoor LEDs come in a variety of color displays, namely tri-color, full color, and monochrome models. Undoubtedly, the full color model encompasses the best features and has the ability to depict colorful animations, images, and videos, subject to which full color outdoor LED display market will grow at a significant pace over 2016-2024. Even the tri-color display model is gaining remarkable prominence, pertaining to its rising adoption in scoreboards, digital signage, and perimeter boards. On account of the rapid development of digital signage market, tri-color outdoor LED display industry is expected to register a CAGR of 22.3% over 2016-2024.
LED screens incorporating interactive visualization technology are forecast to be deployed increasingly across bus stops and train stations, owing to growing trend of utilizing high tech 3D powered interactive imaging. This trend is predicted to contribute heavily toward outdoor LED display market growth.
The remarkable growth of digital advertising will propel the demand for outdoor LED display industry. LED billboards, though expensive, are deemed to be highly effective as opposed to printed outdoor ads, with single ads displayed for a duration of 8 seconds. Extensive utilization of these billboards will augment outdoor LED display market in the next few years.
Countries forming a part of the APAC region have lately been organizing sporting events on a large scale, pertaining to which Asia Pacific outdoor LED display market will grow at a CAGR of 25% over 2016-2024. Having been valued for around USD 1 billion in 2015, this regional market has also been experiencing an exponential growth in the infrastructural sector, which will lead to widespread product demand in the years to come. China and India will be the key revenue pockets driving APAC outdoor LED display industry.
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Partial Chapter of the Table of Content
Chapter 4. Outdoor LED Display Technology Insights
4.1. Outdoor LED display market share by technology, 2015 & 2024
4.2. Individually Mounted
4.2.1. Market estimates and forecasts by region, 2013 - 2024
4.3. Surface Mounted
4.3.1. Market estimates and forecasts by region, 2013 - 2024
Chapter 5. Outdoor LED Display Application Insights
5.1. Market share by application, 2015 & 2024
5.2. LED Billboards
5.2.1. Market estimates and forecasts by region, 2013 - 2024
5.3. Perimeter LED boards
5.3.1. Market estimates and forecasts by region, 2013 – 2024
5.4. LED Mobile Panel
5.4.1. Market estimates and forecasts by region, 2013 - 2024
5.5. LED Traffic Lights
5.5.1. Market estimates and forecasts by region, 2013 - 2024
5.6. LED Video walls
5.6.1. Market estimates and forecasts by region, 2013 – 2024
5.7. Other LED Matrix Boards
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/outdoor-LED-market
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
About Global Market Insights:
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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