The latest research study “Outdoor LED Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global outdoor LED display 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.
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.
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Outdoor light-emitting diode (LED) displays refer to the large billboards used to display advertisements pertaining to products, services, or any public information. They rely on unique power-saving technologies, thereby making them a cost-effective marketing option. As they require less power and offer enhanced brightness, longer shelf life, high return on investment (ROI), etc., outdoor LED displays are widely installed in stadiums, retail establishments, transportation hubs, sports arenas, corporate campuses, etc., across the globe.
Global Outdoor LED Display Market Trends and Drivers:
The increasing need for high-luminance advertising options that can display content clearly even under direct sunlight and extreme environmental conditions is primarily driving the outdoor LED display market. Moreover, the growing product usage during outdoor games and tournaments is further catalyzing the market growth. Besides this, as outdoor LED displays are waterproof and provide advanced heat dissipation functions, they are extensively utilized by clinics or health centers in busy areas to organize health-related or awareness-raising events and fundraisers, which is acting as another significant growth-inducing factor. Furthermore, the inflating product requirement in higher educational institutions to announce school events, activities, and general information is also augmenting the global market. In addition to this, market players are launching premium product variants in various formats for numerous stadiums and outdoor venue applications with improved performance and image quality, which is anticipated to fuel the outdoor LED display market in the coming years.
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The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are 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. and Toshiba Corporation.
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