Loading...

Outdoor LED Display Market Expected to Reach $17.4 Billion by 2027

 
 

quote The billboard segment is expected to attain significant growth in the upcoming years, owing to increased preferences of several digital advertisement hoardings such as skyscrapers LED boards, outdoor shopping mall displays, building site displays, stock exchange ribbon displays, and others, which offer wide area advertisement at lower costs. quote

Pramod Borasi
Research Analyst, Semiconductor and Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Outdoor LED Display Market by Type and Application: Opportunity Analysis and Industry Forecast, 2020-2027,” the global market was valued at $7.4 billion in 2019, and the outdoor LED display market size is projected to reach $17.4 billion by 2027, growing at a CAGR of 11.4% from 2020 to 2027.

Outdoor LED displays use LEDs in display screens installed in the exterior environment. These involve fabrication of LEDs of different color wavelengths on printed circuit boards (PCBs). The packaging type may be either dual-inline-packaging (DIP) or surface mounting device (SMD). These screens are robust & resistant to damages caused by sunlight, pollution, and moisture. High adoption by sponsors in the entertainment shows, sports events, and exhibitions owing to increase in preference of LED display advertising over paper or poster-based advertising boosts the outdoor LED display market growth. However, high initial investments and unstable demand are some of the factors that hamper the market growth. 

On the basis of type, the individually mounted segment dominated the outdoor LED display industry in 2019 and is projected to maintain its dominance during the forecast period. The individually mounted LED display provides serval features such as better ultraviolet (UV) protection function, waterproof, higher brightness, better moisture protection, and quality performance of LEDs. This, as result becomes a major growth factor and is expected to grow at a significant CAGR during the forecast period. 

By application, the billboards outdoor LED display segment dominated the outdoor LED market in 2019 and is projected to maintain its dominance during the forecast period, as it provides cost-effective designs & advance features for advertisement on outdoor LED displays in the market. Furthermore, the mobile LED displays segment is expected to grow at a significant CAGR during the forecast period. These displays provide a viable option for inexpensive, efficient, and door-to-door advertisement services, thus catering to the increase in demand for portable advertising medium in the market. 

By region, the outdoor LED display market was dominated by Asia-Pacific in 2019 and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region are large investments for production & consumption of outdoor LED displays and semiconductors, and increased preferences of digital advertisements in the emerging economies. 

Key Findings Of The Study

  • By type, the individually mounted segment led the outdoor LED display market size in terms of revenue in 2019.

  • By application, the billboard segment accounted for the highest outdoor LED display market share in 2019.

  • By region, Asia-Pacific generated the highest revenue in 2019.

The key players profiled in the global outdoor LED display market analysis include Barco, Daktronics, Inc., Electronic Displays Inc., Galaxia Electronics, Leyard, LG Electronics, Lighthouse Technologies Limited, Panasonic Corporation, Sony Corporation, and Toshiba Tec Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the outdoor LED display industry.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Outdoor LED Display Market by Type (Surface Mounted and Individually Mounted), and Application (Billboards, Mobile LED Displays, Perimeter Boards, Traffic Lights, Video Walls, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Outdoor LED Display Market"
Purchase Enquiry