LED display is a flat panel display, which uses an array of light-emitting diodes as pixels for a video display. Their brightness allows them to be used outdoors where they are visible in the sun for store signs and billboards, and in recent years they have also become commonly used in destination signs on public transport vehicles, as well as variable-message signs on highways. LED displays are capable of providing general illumination in addition to visual display, as when used for stage lighting or other decorative (as opposed to informational) purposes.
Market Analysis and Insights: Global Outdoor LED Displays Market
Due to the COVID-19 pandemic, the global Outdoor LED Displays market size is estimated to be worth US$ 12290 million in 2022 and is forecast to a readjusted size of US$ 19290 million by 2028 with a CAGR of 7.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Surface Mounted accounting for % of the Outdoor LED Displays global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial segment is altered to an % CAGR throughout this forecast period.
Outdoor LED displays have been gaining popularity in the recent years, owing to significant technological advancements such as automated LED displays, wireless control systems, better picture quality, and high brightness.
Global Outdoor LED Displays Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Outdoor LED Displays Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Surface Mounted
Individually Mounted
Segment by Application
Commercial
Municipal & Utilities
Others
By Company
LG Electronics
Sony
Toshiba
Panasonic
Barco
Daktronics
EKTA
Electronic Displays
Leyard Opto-Electronic
Shenzhen Dicolor Optoelectronics
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina