Allied Market Research

Outdoor LED Display Market Expected to Reach $11.86 Billion by 2027-Allied Market Research


Report Code : A02022

quote the global outdoor LED display market analysis is estimated to witness steady growth during the forecast period owing to substantial investments in digital advertising. Moreover, development of smart cities is anticipated to create lucrative opportunities for the global outdoor LED display market during the forecast period. quote

Ruchal Humbare
Lead Analyst, Semiconductor and Electronics

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

According to a new report published by Allied Market Research, titled, “Outdoor LED Display Market by Type, and Application: Opportunity Analysis and Industry Forecast, 2019–2027,” the global outdoor LED display market size was valued at $7.42 billion in 2019, and is projected to reach at $11.86 billion by 2027, growing at a CAGR of 9.20% from 2019 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.

Increased digital advertisements majorly drives growth of the global outdoor LED display market, as it enhances customer engagement with an advance pixel displays, mobile integration by using QR codes and others. Moreover, high digital sponsorships and information displays, and power efficiency of these displays are some of the outdoor LED display market trends that is expected to boost the market growth.

Furthermore, alternate LED advertisement designs are expected to provide lucrative growth opportunities for the market. However, high installation and capital cost are expected to hinder the global outdoor LED display 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 screen 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

The global outdoor LED display market has been impacted by the COVID-19 outbreak. New projects throughout the world have been stalled, which, in turn, have affected demand in several industries including manufacturing, industrial, and retail. Although market players faced minimal impact on procuring raw materials, time and shipping costs was still a major concern. Moreover, rise in investments in development of smart cities have gained importance during the pandemic, subsequently, the demand for outdoor LED displays is anticipated to gain momentum post-pandemic.

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

  • In 2019, the individually mounted segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 8.9% during the forecast period.
  • Traffic lights segment of the global outdoor LED display market is projected to growth at a CAGR of 11.4% during the forecast period.
  • The billboards and mobile LED displays segment together accounted for around 50.0 % of the global outdoor LED display market share in 2019.
  • Asia-Pacific region contributed major share in global outdoor LED display market, accounting for more than 35.0% share in 2019.

The key players profiled in the report include Barco, Daktronics, Inc., Electronic Displays Inc., Galaxia Electronics, Leyard, LG Electronics., Lighthouse Technologies Limited, Panasonic Corporation, Shenzhen Dicolor Optoelectronics Co., Ltd, and Toshiba Tec Corporation. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the outdoor LED display market.

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



For Media Inquiries, Please Contact

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


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, 2019–2027 quote

View Report
Avenue Video Loading...

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


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