13th February 2020 – According to new research study available with Million Insights, market
report on Outdoor LED Display is foretold to provide a robust
support for industry players to lay a solid foundation for their business
growth. It includes a comprehensive evaluation of the market’s growth status
and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
The global Outdoor LED Display Market is
expected to value at USD 12.43 billion by 2022. The market is subject to
witness a substantial growth due to the increasing need for wireless data
connections for billboards that are ideal for high-volume pedestrian traffic
zones, and customizable content availability. In addition, increasing
adaptability of LED displays for advertisement and promotional content are
expected to favor market growth in the near future. LED display offer
advantages such as low power consumption, compact size, reduced weight,
portability and superior performance.
These factors are expected to dive
market growth in the upcoming years. However, growing competition in the
market, complexity involved during manufacturing processes, and introduction of
other technologies such as Low Temperature Poly-Silicon (LTPS) and Digital
Light Processing (DLP) are restraining market growth to a certain extent.
Globally, the outdoor LED display industry is predicted to grow at higher CAGR
in the forecast period, providing numerous opportunities for market players to
invest for research and development in the market.
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a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/outdoor-led-display-market/request-sample
The recent technological advancement in
the electronic manufacturing sector coupled with development of novel products
& techniques such as compact LED glass substrates with reduced thickness
are expected to fuel market demand of outdoor LED displays in the upcoming
years. Increasing investment by industry participants for research & development
of outdoor LED display modules to gain competitive edge over their counterparts
is propelling market growth further.
Adoption of higher image-quality
transistor, in which each transistor is assigned to a pixel, is expected to
favor market demand as well. This illuminates the display by allowing an easy
view within the bright surroundings. These transistors are manufactured by
using variety of semiconductor materials. These factors are predicted to foster
the expansion of outdoor LED display market in the near future.
The outdoor LED display industry is
broadly categorized into five major segments based on the application type such
as LED billboards, perimeter LED boards, LED mobile panel, LED traffic lights,
and LED video walls. The LED billboards is considered as one of the fastest
growing segment in the outdoor LED display market with substantial revenue
generation in the last few years. Growing popularity of the LED billboards
segment is attributed to the substantial increase in the advertising campaigns
by varied corporate brands. The perimeter LED boards segment has also witnessed
substantial growth owing to the higher market penetration.
The outdoor LED display industry is
divided by region as North America, Europe, Asia-Pacific, Latin America and Africa.
North America has shown major growth in recent years owing to the rise in the
implementation of latest technologies, increase in the number of research &
development activities in the region in electronic manufacturing sector,
shifting trend towards cost effective advertisement solutions, and existence of
well-established industrial infrastructure in the region.
Asia-Pacific region is predicted to hold
major market share in the outdoor LED display market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with rapid industrialization, vast consumer base, strong
economic growth, increasing per capita income, and significant investment by
leading industry players considering potential growth opportunities in the
region.
The key players in the outdoor LED
display industry are Sony Co., LG Electronics Co., Toshiba, Inc., Panasonic
Co., Daktronics, Inc., Electronic Displays, Inc., Shenzhen Dicolor
Optoelectronics Co., Ltd., Barco N.V., Leyard Optoelectronic Co., Ltd.,
Lighthouse Technologies Ltd., and Barco N.V.
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