LED Billboard Market Is Booming Worldwide by 2027|Daktronics, Unilumin, Absen, Liantronics, Barco, Watchfire, Leyard, Lighthouse, Sansitech

LED Billboard Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

In 2020, the global LED Billboard market size was US$ 3594 million and it is expected to reach US$ 5962.6 million by the end of 2027, with a CAGR of 7.5% during 2021-2027.

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Markets Segmentation:

Top leading Companies Profiled in LED Billboard Market Report are Daktronics, Unilumin, Absen, Liantronics, Barco, Watchfire, Leyard, Lighthouse, Sansitech, AOTO, Ledman, Lopu, Yaham, Optec Display, Szretop, Mary, QSTech, Teeho

News and Updates

SPACEX LAUNCHING SATELLITE TO DISPLAY BILLBOARD ADS IN SPACE- Samuel Reid, CEO and co-founder of Geometric Energy Corporation (GEC), said that his company is partnering with SpaceX to launch a small advertisement satellite into space, according to Insider. The satellite will have a screen on one side where people and companies can bid to have their logos and advertisements displayed, along with a “selfie stick” that’ll snap photos of the ads with the Earth in the background. Thankfully, the system won’t be visible from the ground — though others have pondered a system like that.

PRODUCT LAUNCH STRATEGIES WITH DIGITAL MOBILE BILLBOARD ADS- Mobile billboard advertising offers an effective product launch strategy for businesses looking to get the word out about their new products and services. Compared to more static types of product advertising, such as highway billboards or display signage on street corners, digital billboards on trucks and city transit bus lines help you cover more ground, delivering news and creating familiarity about your products directly into the hands of potential customers.

Amscreen launch the first SMART DOOH® LED Billboard- Europe’s largest digital signage provider, Amscreen, have just launched the first-ever SMART DOOH® LED Billboard with unique individual level LED monitoring integrated into their tried and tested RDM® remote device monitoring system allowing media owners to remain at the forefront of cutting edge DOOH advertising solutions.

Market Overview

LED Billboard is a flat panel display, which uses an array of light-emitting diodes as a video display. An LED panel is a small display, or a component of a larger display. They are typically used outdoors in store signs and billboards.

The billboard, a mainstay of outdoor advertising has entered the realm of high-tech in the form of an LED billboard media format. When viewed, the electronic LED billboards appear similar to a print (or static) billboard except for one small detail: every six to eight seconds the sign face changes to display a brand new advertising message.

The main manufacturers of the global LED billboard market are Daktronics, Unilumin, ABSEN and so on. The first three manufacturers account for about 20% of the market share.

Asia Pacific is the largest LED billboard market with a market share of about 45 percent, followed by North America with about 25 percent.

Market Segmented By Types

Single Base Color LED Billboard

Double Base Color LED Billboard

Full Color LED Billboard

Market Segmented By Applications

Indoor

Outdoor

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from LED Billboard Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the LED Billboard market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – LED Billboard market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the LED Billboard

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In conclusion, the LED Billboard market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the LED Billboard Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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