LED Advertising Board Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The rising trend towards interactive media across various industry. The advanced technology permits the end-users to carry out uninterrupted advertising, therefore, mounting deployment in real estate offices, retail outlets, shopping malls, and car showrooms. The key features such as durability, environmental friendliness, energy efficiency, and impact resistance, which is creating lucrative opportunities for the LED Advertising Board market in the forecast period.
MARKET DYNAMICS
The growing number of sports activities combined with increasing promotional activities of corporate brands have encouraged promoters to advertise their applications is driving the growth of the LED Advertising Board market. However, higher cost as compared to traditional lights and lack of availability of raw materials may restrain the growth of the LED Advertising Board market. Furthermore, the usage of LED streetlights for local civic bodies and municipalities for parks, roads, and parking areas is anticipated to create market opportunities for the LED Advertising Board market during the forecast period.
MARKET SCOPE
The "Global LED Advertising Board market Analysis to 2028" is a specialized and in-depth study of the LED Advertising Board market with a special focus on the global market trend analysis. The report aims to provide an overview of LED Advertising Board market with detailed market segmentation by type, application, and geography. The global LED Advertising Board market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading LED Advertising Board market players and offers key trends and opportunities in the LED Advertising Board market.
MARKET SEGMENTATION
The global LED Advertising Board market is segmented on the basis of type, and application. Based on type the market is fragmented into single base color, double based color, and full color. Similarly, on the basis of application the market is fragmented into indoor and outdoor.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global LED Advertising Board market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The LED Advertising Board market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting LED Advertising Board market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the LED Advertising Board market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global LED Advertising Board market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The LED Advertising Board market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting LED Advertising Board market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the LED Advertising Board market in these regions.
MARKET PLAYERS
The reports cover key developments in the LED Advertising Board market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from LED Advertising Board market are anticipated to lucrative growth opportunities in the future with the rising demand for LED Advertising Board market. Below mentioned is the list of few companies engaged in the LED Advertising Board market.
The report also includes the profiles of key LED Advertising Board market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Bel Power solution
- BRUSA Elektronik AG
- Current Ways Inc.
- Delphi Technologies
- Eaton Corporation
- Infineon Technologies AG
- Innoelectric GmbH
- Stercom Power Solutions GmbH
- Toyota Industries Corporation
- Xepics Italia SRL
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 LED Advertising Board Market - By Type
1.3.2 LED Advertising Board Market - By Application
1.3.3 LED Advertising Board Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LED ADVERTISING BOARD MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. LED ADVERTISING BOARD MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LED ADVERTISING BOARD MARKET - GLOBAL MARKET ANALYSIS
6.1. LED ADVERTISING BOARD - GLOBAL MARKET OVERVIEW
6.2. LED ADVERTISING BOARD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LED ADVERTISING BOARD MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE BASE COLOR
7.3.1. Overview
7.3.2. Single Base Color Market Forecast and Analysis
7.4. DOUBLE BASE COLOR
7.4.1. Overview
7.4.2. Double Base Color Market Forecast and Analysis
7.5. FULL COLOR
7.5.1. Overview
7.5.2. Full Color Market Forecast and Analysis
8. LED ADVERTISING BOARD MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INDOOR
8.3.1. Overview
8.3.2. Indoor Market Forecast and Analysis
8.4. OUTDOOR
8.4.1. Overview
8.4.2. Outdoor Market Forecast and Analysis
9. LED ADVERTISING BOARD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America LED Advertising Board Market Overview
9.1.2 North America LED Advertising Board Market Forecasts and Analysis
9.1.3 North America LED Advertising Board Market Forecasts and Analysis - By Type
9.1.4 North America LED Advertising Board Market Forecasts and Analysis - By Application
9.1.5 North America LED Advertising Board Market Forecasts and Analysis - By Countries
9.1.5.1 United States LED Advertising Board Market
9.1.5.1.1 United States LED Advertising Board Market by Type
9.1.5.1.2 United States LED Advertising Board Market by Application
9.1.5.2 Canada LED Advertising Board Market
9.1.5.2.1 Canada LED Advertising Board Market by Type
9.1.5.2.2 Canada LED Advertising Board Market by Application
9.1.5.3 Mexico LED Advertising Board Market
9.1.5.3.1 Mexico LED Advertising Board Market by Type
9.1.5.3.2 Mexico LED Advertising Board Market by Application
9.2. EUROPE
9.2.1 Europe LED Advertising Board Market Overview
9.2.2 Europe LED Advertising Board Market Forecasts and Analysis
9.2.3 Europe LED Advertising Board Market Forecasts and Analysis - By Type
9.2.4 Europe LED Advertising Board Market Forecasts and Analysis - By Application
9.2.5 Europe LED Advertising Board Market Forecasts and Analysis - By Countries
9.2.5.1 Germany LED Advertising Board Market
9.2.5.1.1 Germany LED Advertising Board Market by Type
9.2.5.1.2 Germany LED Advertising Board Market by Application
9.2.5.2 France LED Advertising Board Market
9.2.5.2.1 France LED Advertising Board Market by Type
9.2.5.2.2 France LED Advertising Board Market by Application
9.2.5.3 Italy LED Advertising Board Market
9.2.5.3.1 Italy LED Advertising Board Market by Type
9.2.5.3.2 Italy LED Advertising Board Market by Application
9.2.5.4 United Kingdom LED Advertising Board Market
9.2.5.4.1 United Kingdom LED Advertising Board Market by Type
9.2.5.4.2 United Kingdom LED Advertising Board Market by Application
9.2.5.5 Russia LED Advertising Board Market
9.2.5.5.1 Russia LED Advertising Board Market by Type
9.2.5.5.2 Russia LED Advertising Board Market by Application
9.2.5.6 Rest of Europe LED Advertising Board Market
9.2.5.6.1 Rest of Europe LED Advertising Board Market by Type
9.2.5.6.2 Rest of Europe LED Advertising Board Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific LED Advertising Board Market Overview
9.3.2 Asia-Pacific LED Advertising Board Market Forecasts and Analysis
9.3.3 Asia-Pacific LED Advertising Board Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific LED Advertising Board Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific LED Advertising Board Market Forecasts and Analysis - By Countries
9.3.5.1 Australia LED Advertising Board Market
9.3.5.1.1 Australia LED Advertising Board Market by Type
9.3.5.1.2 Australia LED Advertising Board Market by Application
9.3.5.2 China LED Advertising Board Market
9.3.5.2.1 China LED Advertising Board Market by Type
9.3.5.2.2 China LED Advertising Board Market by Application
9.3.5.3 India LED Advertising Board Market
9.3.5.3.1 India LED Advertising Board Market by Type
9.3.5.3.2 India LED Advertising Board Market by Application
9.3.5.4 Japan LED Advertising Board Market
9.3.5.4.1 Japan LED Advertising Board Market by Type
9.3.5.4.2 Japan LED Advertising Board Market by Application
9.3.5.5 South Korea LED Advertising Board Market
9.3.5.5.1 South Korea LED Advertising Board Market by Type
9.3.5.5.2 South Korea LED Advertising Board Market by Application
9.3.5.6 Rest of Asia-Pacific LED Advertising Board Market
9.3.5.6.1 Rest of Asia-Pacific LED Advertising Board Market by Type
9.3.5.6.2 Rest of Asia-Pacific LED Advertising Board Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa LED Advertising Board Market Overview
9.4.2 Middle East and Africa LED Advertising Board Market Forecasts and Analysis
9.4.3 Middle East and Africa LED Advertising Board Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa LED Advertising Board Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa LED Advertising Board Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa LED Advertising Board Market
9.4.5.1.1 South Africa LED Advertising Board Market by Type
9.4.5.1.2 South Africa LED Advertising Board Market by Application
9.4.5.2 Saudi Arabia LED Advertising Board Market
9.4.5.2.1 Saudi Arabia LED Advertising Board Market by Type
9.4.5.2.2 Saudi Arabia LED Advertising Board Market by Application
9.4.5.3 U.A.E LED Advertising Board Market
9.4.5.3.1 U.A.E LED Advertising Board Market by Type
9.4.5.3.2 U.A.E LED Advertising Board Market by Application
9.4.5.4 Rest of Middle East and Africa LED Advertising Board Market
9.4.5.4.1 Rest of Middle East and Africa LED Advertising Board Market by Type
9.4.5.4.2 Rest of Middle East and Africa LED Advertising Board Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America LED Advertising Board Market Overview
9.5.2 South and Central America LED Advertising Board Market Forecasts and Analysis
9.5.3 South and Central America LED Advertising Board Market Forecasts and Analysis - By Type
9.5.4 South and Central America LED Advertising Board Market Forecasts and Analysis - By Application
9.5.5 South and Central America LED Advertising Board Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil LED Advertising Board Market
9.5.5.1.1 Brazil LED Advertising Board Market by Type
9.5.5.1.2 Brazil LED Advertising Board Market by Application
9.5.5.2 Argentina LED Advertising Board Market
9.5.5.2.1 Argentina LED Advertising Board Market by Type
9.5.5.2.2 Argentina LED Advertising Board Market by Application
9.5.5.3 Rest of South and Central America LED Advertising Board Market
9.5.5.3.1 Rest of South and Central America LED Advertising Board Market by Type
9.5.5.3.2 Rest of South and Central America LED Advertising Board Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LED ADVERTISING BOARD MARKET, KEY COMPANY PROFILES
11.1. ABSEN
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BARCO
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DAKTRONICS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FORMETCO
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LEYARD OPTOELECTRONIC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OPTEC DISPLAYS, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PRISMVIEW - A SAMSUNG ELECTRONICS COMPANY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHENZHEN LIANTRONICS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. UNILUMIN GROUP CO.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WATCHFIRE SIGNS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Absen
2. Barco
3. Daktronics
4. FORMETCO
5. Leyard Optoelectronic
6. Optec Displays, Inc.
7. Prismview - A Samsung Electronics Company
8. Shenzhen Liantronics
9. Unilumin Group Co.
10. Watchfire Signs
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.