Outdoor LED Display Market Size, Share, Growth, Trend Analysis and Industry Research Report
by Susan Hill Business ConsultantThe global outdoor LED display market is expected to reach USD
12.43 billion by 2022, according to a new report by Grand View Research, Inc.
Growing demand for wireless data connections for billboards which are ideal for
high-volume pedestrian traffic zones, and customizable content availability are
expected to revolutionize the digital display industry over the next seven
years.
Rising trend towards interactive media with 3D
format support is also expected to positively impact growth over the forecast
period. Interactive visualization technology presents data using interactive
images. Interactive screens are expected to be deployed at various public
places such as train stations and bus stops over the forecast period.
Electronic signage has completely energized static
displays and its counterparts. Technology used in sign programming has become
customizable with different demographics such as weather conditions, inventory
data and calendar events, which are being marketed over these displays. Hence,
the development of high resolution signboards is expected to drive demand over
the forecast period.
Further
key findings from the report suggest:
- LED mobile panel market is expected to witness robust demand by
2022. These can be easily setup or tear downed along with a ready to use
control room; it also minimizes cabling and display. With the rising
number of events such as live concerts, exhibitions, brand promotion
activities, and sports events on the rise, the LED mobile panels segment
is expected to show high growth over the forecast period.
- Billboards segment accounted for over 40% of the revenue in 2014 and
is anticipated to exhibit high growth over the next seven years. Growing
demand for electronic billboards with decline in prices is expected to
drive demand. Billboards are mainly used for weather updates, scores and
streaming live news, however, there are possibilities for LED billboards
to go beyond advertising over the next few years.
- Asia Pacific dominated the outdoor LED display market in 2014, and
is expected to grow at a CAGR of over 25% from 2015 to 2022. The industry
is majorly driven by the presence of several key distributors and manufacturers
in China, Japan, and Korea. Increasing demand for cost effective tri-color
and monochrome solutions on streets, pedestrian walks and public places is
expected to boost sales in the region.
- Outdoor LED display market share is occupied by companies such as
Daktronics, Shenzhen Dicolor Optoelectronics Co Ltd, Electronic Displays,
Sony, LG Electronics, and Barco NV. Companies such as Toshiba Corporation,
LG Electronics, Panasonic, and Sony Corporation partake in strong
networking and enjoy high degree of brand recall.
Access
full research report on global outdoor LED display market:
www.grandviewresearch.com/industry-analysis/outdoor-led-display-market
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Created on Jan 22nd 2020 01:13. Viewed 374 times.