Press release
Exclusive Report on Global Outdoor LED Display Industry: Post-COVID Growth Opportunity Analysis, Key Players | Barco, Daktronics, and Electronic Displays Inc.
Technically, outdoor LED screen manufacturing is the process of fabricating LED lights of different colors on printed circuit boards. The packaging type may be either dual-inline-packaging (DIP) or surface mounting device (SMD) - which are then combined into a custom screen that will be used in many outdoor applications like sports events or other types of entertainment. Due to the ease with which the information can be displayed using this medium, growing popularity in advertising using these screens is giving way for an increase in size and types of displays used for this purpose.
However, high adoption by sponsors in the entertainment shows, sports events, and exhibitions while boosting the growth factor also brings about other concerns regarding comparatively higher costs for production along with unstable demand - which may affect sales figures adversely.
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Key Players
Some of the major Outdoor LED Display players holding high market share include Barco, Daktronics, and Electronic Displays Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
● Barco
● Daktronics
● Electronic Displays Inc
● Galaxia Electronics
● Leyard
● LG Electronics
● Lighthouse Technologies Limited
● Panasonic Corporation
● Sony Corporation
● Toshiba Tec Corporation
The recently published research report on Global Outdoor LED Display Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Outdoor LED Display market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.
In terms of COVID 19 impact, the Outdoor LED Display market report also includes the following data points:
● COVID19 Impact on Outdoor LED Display market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Outdoor LED Display market
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Outdoor LED Display Market:
o Surface Mounted
o Individually Mounted
Market Segment By Application with the focus on market share, consumption trend, and growth rate of Outdoor LED Display Market:
o Billboards
o Mobile LED Displays
o Perimeter Boards
o Others
For more information: https://evolvebi.com/product/outdoor-led-display-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)
The growth of the outdoor LED displays market in Europe is likely to be influenced by the rising number of sports events. In addition, integration of advanced technologies along with a wealthy population is expected to drive the demand for the product in Asia Pacific. The outdoor LED displays market in Asia Pacific is driven by a billion dollar advertising business and an increasing consumer spending capacity. In addition, there are many opportunities for companies to enter into new markets as well as expand into established markets.
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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