Outdoor LED Display Market To Reach USD 23,381.5Mn By 2030
Outdoor LED Display Market Growth & Trends
The
global outdoor
LED display market size is expected to reach USD 23,381.5 million
by 2030, registering a CAGR of 15.9% from 2023 to 2030, according to a new
report by Grand View Research, Inc. The increasing demand for digital
advertising and the rising popularity of large-scale events drive market
growth. The expansion of exhibitions and sports events, ceremonies, seminars,
and other similar events are the key factors for the market for outdoor
displays. Sponsors can more efficiently present information about their
company's products and services and reach a larger audience at a lower cost
using displays at popular events to advertise and display their offerings to
potential consumers.
The
increased use of advanced technology tools and devices in human lives in recent
years has resulted in a strong demand for electronics worldwide. Digital
displays have grown increasingly important in a digital society, with
tremendous improvements in display technology during the last decade and the
introduction of interactive displays that can take user commands via touch,
stylus, or other peripheral devices. Interactive LED displays are widely used
in various sectors for a wide range of applications and their demand is
expected to increase in the near future, thanks to a growing set of
applications, increased investments in R&D, increased gamification, growing
digitization, rising internet penetration, and changing consumer preference for
technologies. The increasing use of touchscreen tables in the hospitality industry
is also likely to drive the demand for interactive LED displays.
Advancements
in LED technology have enabled vendors to offer high-quality displays that are
bright, energy-efficient, and have a long lifespan. The proliferation of smart
city solutions has increased in North America as several countries are
implementing digital signage to provide real-time information to citizens.
Outdoor LED displays are widely used in transportation hubs such as airports
and train stations to inform passengers of flight schedules, arrivals and
departures, and other important updates.
Request a free sample copy: https://www.grandviewresearch.com/industry-analysis/outdoor-led-display-market
Outdoor LED Display Market Report Highlights
·
In February 2023, Daktronics Inc., a provider of visual
communication and dynamic audio systems, partnered with Drexel University, in
Pennsylvania, U.S. to manufacture and install an indoor audio system and
twenty-two new LED displays at the university campus at the Daskalakis Athletic
Center in Philadelphia, Pennsylvania. The installation features a five-display
center-hung design completed ahead of the 2022 winter sports season.
·
The individually mounted segment is expected to hold the largest
market share and expand at a CAGR of 16.7% from 2023 to 2030. The growing need
for huge displays with long viewing distances is projected to push commercial
builders and retailers to use this technology
·
The full color display segment is projected to exhibit the highest
CAGR in the forecast period. The benefit of a full-color display is that it can
create realistic, high-quality images, which makes it perfect for use in
settings where visibility is crucial, including indirect sunlight
·
India, China and Japan are the main source market for outdoor LED
displays. The demand for digital signage solutions is growing in the retail and
tourism industries with the growing popularity of outdoor entertainment
Outdoor LED Display Market Segmentation
Grand
View Research has bifurcated the global outdoor LED market based on technology,
color display, application, and region.
Outdoor LED Display Technology Outlook (Revenue, USD Million; 2017
- 2030)
·
Individually Mounted
·
Surface Mounted
Outdoor LED Display Color Display Outlook (Revenue, USD Million;
2017 - 2030)
·
Monochrome Display
·
Tri-Color Display
·
Full Color Display
Outdoor LED Display Application Outlook (Revenue, USD Million;
2017 - 2030)
·
LED Billboards
·
Perimeter LED Boards
·
LED Mobile Panel
·
LED Traffic Lights
·
LED Video Walls
·
Other LED Matrix Boards
Outdoor LED Display Regional Outlook (Revenue, USD Million; 2017 -
2030)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o U.K.
o France
·
Asia-Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
List of Key Players of the Outdoor LED Display Market
·
Barco
·
Daktronics Inc.
·
Electronic Displays Inc.
·
LG Electronics
·
Panasonic Holdings Corporation
·
Sony Corporation
·
Toshiba Corporation
·
LEYARD
·
Lighthouse Technologies Limited
·
Shenzhen Dicolor
·
Optoelectronics Co. Ltd
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/outdoor-led-display-market
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