Global Outdoor LED Display Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Outdoor LED Display Market Introduction: 

“The global Outdoor LED Display Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

LED displays are utilized for company advertisements, promotions, scoreboards, and traffic signs. In addition, these displays are fixed on buildings, highways, stadiums, and in entertainment shows to increase their reach to large amount population.

Market Dynamics: 

Rising trend towards interactive media in developing and developed countries to increase consumer awareness is a major factor expected to drive revenue growth of the outdoor LED display market over the forecast period. Moreover, growing demand for outdoor LED displays for promotional activities of corporate brands to advertise their products is expected to support revenue growth of the target market.

Technology Insights:

On the basis of technology, the surface mounted outdoor LED display segment is expected to grow at the higher growth rate in terms of revenue over the forecast period. Growing demand for large screens with large distance viewing, coupled with advantages of surface mounted technology over other technologies such as longer lifespan and less heat generation are major factors expected to drive revenue growth of this segment over the forecast period.

Application Insights:

On the basis of application, the billboards segment is expected to account major share in terms of revenue in the target market. Growing advertising campaigns by companies from various industry to increase their brand awareness is expected to drive revenue growth of this segment over the forecast period. Perimeter board segment is expected to grow at a steady growth rate over the forecast period.

Regional Insights:

Asia Pacific market is expected to account major revenue share in the global outdoor LED display market. The increasing number of promotional activities by major companies to create awareness among people is major factor expected to drive revenue growth of Asia Pacific outdoor LED display market over the forecast period.

Moreover, the increasing number of sports activities in the region coupled with rising infrastructural activates are others factors expected to support revenue growth of the outdoor LED display market in the Asia Pacific. Asia Pacific accounts for the major revenue share of the global outdoor LED display market, followed by markets in North America, Europe, Latin America, and Middle East & Africa respectively.

The outdoor LED display market in North America is expected to grow at a higher growth rate in terms of revenue over the forecast period. Increasing adoption of interactive boards at train stations and bus stops in the region is expected to drive revenue growth of North America outdoor LED display market.

Market Segmentation and Key Players Operating in the Global Outdoor LED Display Market:

By Color Display:

• Monochrome Display
• Tri-color Display
• Full-color Displays

By Technology:

• Individually Mounted Outdoor LED Displays
• Surface Mounted Outdoor LED Displays

By Application:

• Billboards
• Perimeter Boards
• Mobile Panel
• Traffic Lights
• Video Walls
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa