Outdoor LED Displays Market Set To Surge: Key Trends And Forecast 2021-2030

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Outdoor LED Display Market

Outdoor LED Display Market Expected to Reach $14,522.40 Million by 2030 - Allied Market Research

High adoption by sponsors in entertainment shows, sports events, and exhibitions.” - Allied Market ResearchWILMINGTON, DE, UNITED STATES, November 27, 2024 /EINPresswire / -- Allied Market Research, titled,“Outdoor LED Display Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030”. The outdoor LED display market size was valued at $6,398.30 million in 2020 and is projected to reach $14,522.40 million by 2030, registering a CAGR of 9.10%.

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The outdoor LED signs/ LED display screen for advertising outdoors, install LED screens in the exterior environment. Asia-Pacific is expected to be the leading contributor to the global outdoor LED display Industry forecast period, followed by North America and Europe.

The Outdoor LED display market includes the type of LED displays in the market and their applications such as billboards, mobile LED displays, traffic lights, perimeter boards, video walls, and others. An in-depth outdoor LED display market analysis of their revenue across North America, Europe, Asia-Pacific, and LAMEA has also been included in the report.

The outdoor LED screen involves the presentation of videos, images, and digits on an array of LEDs, which act as pixels. High digital sponsorships & information displays, power efficiency features, and a surge in digital advertisements are some of the factors that drive the outdoor LED display market growth. Conversely, the rise in alternate LED advertisement designs and the rise in sports events are some of the factors expected to provide lucrative opportunities for the outdoor LED display market in the upcoming years.

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The outdoor LED display market is segmented into type, application, and region. By type, it is bifurcated into surface-mounted and individually mounted. By application, it is classified into Pro AV, Digital Signage, Smart Building AV, Billboards, and Others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Region-wise, the outdoor LED display market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a significant share of the global market in 2020. The increase in the adoption of billboards, the rise in the trend of phone booth display advertising, and the need for high-definition displays in sports events are some of the major outdoor LED display market opportunities in the region. Furthermore, the implementation of outdoor LED displays in the transportation industry, advertising, and display applications fuels the market growth. In addition, North America is one of the fastest growing regions owing to the lucrative & multi-design platform provided by outdoor LED displays.

Competitive Analysis:

The Outdoor LED Display industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Some of the major key players in the global Outdoor LED Display Market include,

SHENZHEN DICOLOR OPTOELECTRONICS CO., LTD.
DAKTRONICS, INC.
LEYARD
GALAXIA ELECTRONICS
PANASONIC CORPORATION
LG ELECTRONICS
TOSHIBA CORPORATION
BARCO
LIGHTHOUSE TECHNOLOGIES LIMITED.
ELECTRONIC DISPLAYS INC.

COVID-19 Impact Analysis

The COVID-19 pandemic has adversely impacted the outdoor LED display industry as the huge workforce of enterprises across the globe are working from home. This has LED to a decline in advertising expenditure, which, in turn, reduced demand for outdoor LED displays. Although the COVID-19 pandemic has forced field work of several major projects to pause temporarily, the market is expected to remain robust with a cumulative number of shipments being marginally unaffected in the next three-year period from 2020.

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Key Findings of The Study

- The Individually Mounted segment is projected to be the dominant type segment during the outdoor LED display market forecast period followed by Surface Mounted.
- Asia-Pacific and North America collectively accounted for more than 62% of the outdoor LED display market share in 2020.
- The Smart Building AV segment is anticipated to witness the highest growth rate during the forecast period.
- China was the major shareholder in the Asia-Pacific outdoor LED display industry, accounting for approximately 30.88% share in 2020.

About Us:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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