Outdoor LED Display Market Is Poised To Reach Around $12.43 Billion By 2022: Grand View Research, Inc.

April 17 14:10 2019
Outdoor LED Display Market Is Poised To Reach Around $12.43 Billion By 2022: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
According to report published by Grand View Research, 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.

According to a report, “Outdoor LED Display Market Analysis By Application (Billboards, Perimeter Boards, Mobile Panels, Traffic Lights, Video Walls, LED Matrix Boards), By Technology (Individual Mounted, Surface Mounted), By Color Display (Monochrome, Tri-Color, Full Color) And Segment Forecasts To 2022”, published by Grand View Research, Inc., The global outdoor LED display market is expected to reach USD 12.43 billion by 2022. LED mobile panel market is expected to witness robust demand by 2022. These can be easily setup or teardowned 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.

Key Takeaways from the report:

  • 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.

Europe outdoor LED display market, by application, 2012-2022, (USD Million)

Europe outdoor LED display market, by application, 2012-2022, (USD Million)

 

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.

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Electronic signage has completely energized static displays and its counterparts. Technology used in sign programming has become customizable with different demographics such as weather conditons, 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. 

Grand View Research has segmented the outdoor LED display market on the basis of application, technology, color display and region:

Outdoor LED display Application Outlook (Revenue, USD Million, 2012 – 2022)

  • LED Billboards

  • Perimeter LED Boards

  • LED Mobile Panel

  • LED Traffic Lights

  • LED Video Walls

  • Other LED Matrix Boards

Outdoor LED display Technology Outlook (Revenue, USD Million, 2012 – 2022)

  • Individual Mounted

  • Surface Mounted

Outdoor LED display Color Display Outlook (Revenue, USD Million, 2012 – 2022)

  • Monochrome Displays

  • Tri-Color Displays

  • Full Color Displays

Outdoor LED display Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America

  • Europe

  • Asia Pacific

  • RoW

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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