Outdoor LED Display Market 2022-2027, Industry Analysis, Share, Size, Trends and Forecast

According to the global outdoor LED display market report by IMARC Group, finds that the market reached a value of US$ 7.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.5 Billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027.

What is Outdoor LED Display? How Big is Outdoor LED Display Market?

Outdoor light-emitting diode (LED) displays are large billboards widely used to advertise products, services, or brands. They are a cost-effective investment as they rely on power-saving technology that leads to significant cost savings. They offer numerous benefits such as high brightness, excellent return on investment (ROI), low power consumption, and longer shelf life. As a result, outdoor LED displays find extensive applications in advertising boards installed in retail, sports arenas, shopping malls, transportation hubs, corporate campuses, and stadiums.

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COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Outdoor LED Display Market Trends and Drivers:

The global outdoor LED display market is primarily driven by the increasing use of brand advertisements and promotional campaigns due to rising business competition and the growing need to strengthen the market position. Moreover, there has been surging adoption of outdoor LED displays due to their durability and ability to withstand extreme environmental conditions, such as rain, heat, snow, and wind, and deliver content clearly under direct sunlight. In line with this, the increasing government funding for sports tournaments and events and the growing consumer expenditure on outdoor activities have augmented the product demand.

Apart from this, the surging popularity of outdoor LED displays across educational institutions to improve the learning experience and school environments and make announcements is positively influencing the market growth. Furthermore, the growing emphasis on digitized product and service promotion to engage audiences and extract maximum effectiveness from marketing messages is contributing to market growth. Other factors, including the launch of innovative outdoor LED displays, rising digitization, inflating electricity costs, and increasing outdoor events, are also anticipated to propel market growth.

Global Outdoor LED Display Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

• ClearLED Ltd.
• Daktronics Inc.
• Delta Electronics Inc.
• Electronic Displays Inc.
• Galaxia Electronics Co. Ltd.
• Leyard Optoelectronic Co. Ltd.
• LG Electronics Inc.
• Lighthouse Technologies Limited
• LIGHTVU
• Panasonic Corporation
• Samsung Electronics Co. Ltd.
• Toshiba Corporation.

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The report has segmented the market on the basis of region, type, color display and application.

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: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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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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