Press release
Outdoor LED Display Market Size Growing at 8.10% CAGR through 2027 | ClearLED Ltd., Daktronics Inc., Delta Electronics Inc.
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Outdoor light-emitting diode (LED) displays are efficient and dependable advertising tools that showcase information about a business, products, or services. They are cost-effective due to their unique power-saving technology, resulting in significant business cost savings. They also offer high brightness, longer shelf life, and a high return on investment (ROI) with low power requirements. As a result, outdoor LED displays find extensive applications in stadiums, retail establishments, transportation hubs, sports arenas, and corporate campuses across the globe.
Market Trends:
The global outdoor LED display market is primarily driven by the rising adoption of brand advertisements due to growing business competition and the surging need for promotional campaigns to strengthen market position. Moreover, increasing investments in aggressive marketing strategies by key players are positively influencing market growth. Additionally, several favorable initiatives by governments of numerous countries to promote energy-efficient solutions have accelerated the product adoption rate.
Furthermore, heavy investments in smart city development programs by private and public agencies are contributing to market growth. Apart from this, the rising use of outdoor LED displays in educational institutions to improve the learning experience and school environments and make announcements is propelling market growth. Other factors, including ongoing research and development (R&D) activities, rising electricity costs, product innovations, and rapid urbanization and digitization, are also anticipated to propel the market growth.
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Outdoor LED Display Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global outdoor LED display market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• ClearLED Ltd.
• Daktronics Inc.
• Leyard Optoelectronic Co. Ltd.
• LG Electronics Inc.
• Lighthouse Technologies Limited
• Delta Electronics Inc.
• Electronic Displays Inc.
• Galaxia Electronics Co. Ltd.
• LIGHTVU
• Panasonic Corporation
• Samsung Electronics Co. Ltd.
• Toshiba Corporation.
Key Market Segmentation:
The report has segmented the global outdoor LED display market based on type, color display, application and region.
Breakup by Type:
• Surface Mounted
• Individually Mounted
Breakup by Color Display:
• Monochrome Display
• Tri-Color Display
• Full Color Display
Breakup by Application:
• Billboards
• Mobile LED Display
• Perimeter Board
• Traffic Lights
• Video Wall
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Key Questions Answered in This Report
1. What was the size of the global outdoor LED display market in 2021?
2. What is the expected growth rate of the global outdoor LED display market during 2022- 2027?
3. What are the key factors driving the global outdoor LED display market?
4. What has been the impact of COVID-19 on the global outdoor LED display market?
5. What is the breakup of the global outdoor LED display market based on the type?
6. What is the breakup of the global outdoor LED display market based on the application?
7. What are the key regions in the global outdoor LED display market?
8. Who are the key players/companies in the global outdoor LED display market?
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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