The 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
The global outdoor LED display market is
expected to reach USD 12.43 billion by 2022, according to a new report by Grand
View Research, Inc. 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.
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.
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.
Access Research Report of Outdoor
LED Display Market @ www.grandviewresearch.com/industry-analysis/outdoor-led-display-market
Further key findings from the report suggest:
· 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.
· 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.
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
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
