Press release
Outdoor Led Display Market is anticipated to expand at a CAGR of 15.9% to account for US$ 15,705.7 Mn by 2024
Outdoor Led Display Market 2022
According to the latest market report published by Persistence Market Research, titled "Global Market Study on Outdoor LED Displays: Asia Pacific to Witness Highest Growth by 2022 in Installed As Well As Rental Market.", the Outdoor LED Displays installed market is estimated to be valued at US$ 6,477.1 Mn by the end of 2015 and is anticipated to expand at a CAGR of 15.9% from 2015 to 2024, to account for US$ 15,705.7 Mn by 2024. The report on Global Outdoor LED Displays market covers installed and rental market.
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Currently, the global Outdoor LED Displays market is primarily driven by enhance features offered by LED Displays as compared to conventional displays including energy efficiency, durability and less maintains cost. Moreover, rising promotional activities across several industries is also encouraging the growth of Outdoor LED Display products such as video walls, LED billboards and LED mobile screens. However, factors such as high initial costs for fixed installation and growing trend towards the inclination of online advertising are expected to constrain the growth of the market.
Key Players:
The report has profiled some of the Important players prevalent in the global like - Barco N.V., Daktronics Inc., EKTA Ltd., Electronic Displays Inc., Leyard Opto-Electronic Company Ltd., LG Electronics Inc., Lighthouse Technologies Ltd., Panasonic Corporation, Shenzhen Dicolor Optoelectronics Co. Ltd., Sony Corporation, Toshiba Corporation and Galaxia Electronics Co. Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Outdoor LED Display.
On the basis of application, the Outdoor LED Displays market is segmented as LED billboards, LED mobile screens, and LED video walls, LED traffic lights and other LED matrix displays. The LED billboards segment is expected to account around 46% share of the global outdoor LED (installed) market by 2022 end and is expected to witness as CAGR of 16.7% in terms of value over the forecast period (2015-2022). LED video walls segment is accounted for 14.5% share in 2014 in the .installed market and is expected to increase at a CAGR 16.8% in terms of value during the forecast period.
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On the basis of color display, the Outdoor LED Display Market Size is segmented as a monochrome display, tri-color display, and full-color display, Full-color display segment accounted for 59.9% share of the global Outdoor LED Displays in the installed market in 2014.
However, in the rental market full-color display segment accounted for 58.8% in 2014. Increasing demand for high resolution LED displays for advertisement and promotional events at shopping malls, retail stores, sports stadiums, exhibitions and entertainment events is expected to drive the installed and rental market growth during the forecast period.
The report provides detailed information about various trends driving each segment and offers insights and analysis about the opportunities of the Outdoor LED Displays market in specific regions. The Outdoor LED Displays market provides market estimates across major geographies. In the installed market, North America is expected to dominate the market representing 31.6% market share in terms of value by the end of 2022.
The growth is expected to mainly drive by increasing adoption of Outdoor LED Displays by advertising agencies for promotional activities. The growth of LED video walls in North America region is also driven by increasing demand for video walls at events and concerts, and perimeter boards and LED screens for installation at stadiums.
The installed market for Outdoor LED Displays in the APAC market is expected to witness highest CAGR followed by MEA, during the forecast period. Growth in the APAC region is primarily driven by increasing infrastructural development and lifestyle projects including shopping malls and multiplexes.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Outdoor LED Display Market Size Manufacturers
Outdoor LED Display Market Size Distributors/Traders/Wholesalers
Outdoor LED Display Market Size Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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