Outdoor LED Display Market Strategies, Trends, and Forecast by 2031
The Outdoor LED Display Market is expected to register a CAGR of 9.7% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The Outdoor LED Display Market report covers analysis by Type and Application.The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Outdoor LED Display Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Outdoor LED Display Market Segmentation
Type- Individual Mounted
- Surface Mounted
- Billboards
- Mobile Panels
- Perimeter Boards
- Traffic Lights
- Video Walls
Strategic Insights
Outdoor LED Display Market Growth Drivers- Outdoor LED Displays in Advertising: Outdoor LED displays find huge applications in advertising due to their high poise, vibrant, and all-weather visibility display. This driver enhances the Outdoor LED Display Market size as more and more businesses are investing in digital displays for branding and promotion. All market reports and competitive analysis show that demand from advertising agencies has continuously risen, therefore giving much growth to the market. According to the PEST analysis, this trend supports global Outdoor LED Display Market expansion, especially in urban regions that set a good priority on impactful visual communication.
- Technological Innovations Driving Growth: Global market analysis further verifies this assertion by showing how continuous technological innovations influence competitive advantage and make the choice of LED displays desirable.
- Smart Cities Driving LED Use: The new generation of smart cities has increased the use of outdoor LED displays in knowledge sharing for better infrastructure development and enhancement of city affairs. Market research shows that it accelerates market growth, with municipalities using LED technology in public safety, navigation, and advertising. This can be more evidently seen in North America and Asia, where rapid urbanization and digitization have created a demand for better, faster public communication solutions in real time to drive the global market.
- Energy-Efficient Outdoor LED Displays: Firms are in the pursuit of turning themselves into more 'green'; this involves energy efficiency and is probably one of the very many reasons energy-efficient outdoor LED displays are getting popular. Key companies have started investing in low-power LEDs that decrease operational costs while retaining brightness and durability. The market dynamics indicate that energy efficiency is something expected by both the regulations and the consumers, as recently reflected in various SWOT analyses. The forecast shows that demand for sustainable solutions shapes the course of strategies and eco-friendly products shall hold a big share in the market.
- 3D and Interactive Outdoor Displays: Outdoor LED displays in 3D and interactive formats have formed the trends to revolutionize consumer engagement as companies try taking the shift toward immersive visuals to effectively advertise. Indeed, the critical Outdoor LED Display Market players in the space are working on 3D technology integrations into their strategies as a means to capture consumer attention. This has been noted as a differentiator for competitive advantage in SWOT analysis, and market forecasts indicate that 3D and interactive displays will be in demand and will modify Outdoor LED Display Market dynamics across the global LED display sector.
- Smart Displays and Connected Solutions: Key players adopt this technology to ease operations, as evidentially noted in Outdoor LED Display Market strategies. Forecast data indicates that smart displays will become furthered through the growing need for adaptive and connected solutions both in urban and commercial environments.
- Growth Prospects in Developing Regions: A snapshot of the industry trend represents very good prospects for the regions, and the Outdoor LED Display Market overview data are indicative of the fact that growth prospects are very encouraging as digital signage gains momentum in developing regions.
- LED Displays in Sports Arenas: Outdoor LED displays are gaining fast acceptance in sports arenas and event venues for boosting the spectator experience and overall participation. Their demand is relatively high in North America and Europe, thereby supporting market share and initiating growth in the industry landscape. As reports on the overview of markets suggest, sports arenas continue to invest in large LED displays, hence promising growth prospects for those manufacturing companies that offer high-resolution display units with endurance for outdoor conditions.
- LED Displays in Public Transportation: Airports, bus centers, and railways are increasingly using outdoor LED displays in their communication and way-finding. The growth of this category is being seen most significantly in North America as cities upgrade infrastructure to support access to public information. This represents a growth opportunity with the trajectory of the industry landscape in digital transformation across public spaces. The Outdoor LED Display Market share of this category has expanded; hence, opportunities open up for weather-resistant, high-visibility LED display providers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Outdoor LED Display Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Outdoor LED Display Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Outdoor LED Display Market is expected to register a CAGR of 9.7% from 2023-2031.
The major factors impacting the Outdoor LED Display Market are: Increasing Adoption in Advertising and Promotions, Technological Advancements in LED Displays, and Rising Demand for Digital Signage in Smart Cities
Key future trends in this market are - Growth in digital advertising, Increased demand in public spaces, Advancements in display technology
Key companies in this market are: Barco NV, Daktronics, Delta Electronics Inc, LG Electronics, Lighthouse Technologies Limited, Panasonic Corporation, Samsung, Shenzhen Leyard Opto Electronic co Ltd, Sony Corporation
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Outdoor LED Display Market - By Type
1.3.2Outdoor LED Display Market - By Application
1.3.3Outdoor LED Display Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.OUTDOOR LED DISPLAY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.OUTDOOR LED DISPLAY 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.OUTDOOR LED DISPLAY MARKET - GLOBAL MARKET ANALYSIS
6.1.OUTDOOR LED DISPLAY - GLOBAL MARKET OVERVIEW
6.2.OUTDOOR LED DISPLAY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.OUTDOOR LED DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.INDIVIDUAL MOUNTED
7.3.1.Overview
7.3.2.Individual Mounted Market Forecast and Analysis
7.4.SURFACE MOUNTED
7.4.1.Overview
7.4.2.Surface Mounted Market Forecast and Analysis
8.OUTDOOR LED DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.BILLBOARDS
8.3.1.Overview
8.3.2.Billboards Market Forecast and Analysis
8.4.MOBILE PANELS
8.4.1.Overview
8.4.2.Mobile Panels Market Forecast and Analysis
8.5.PERIMETER BOARDS
8.5.1.Overview
8.5.2.Perimeter Boards Market Forecast and Analysis
8.6.TRAFFIC LIGHTS
8.6.1.Overview
8.6.2.Traffic Lights Market Forecast and Analysis
8.7.VIDEO WALLS
8.7.1.Overview
8.7.2.Video Walls Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.OUTDOOR LED DISPLAY MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Outdoor LED Display Market Overview
9.1.2North America Outdoor LED Display Market Forecasts and Analysis
9.1.3North America Outdoor LED Display Market Forecasts and Analysis - By Type
9.1.4North America Outdoor LED Display Market Forecasts and Analysis - By Application
9.1.5North America Outdoor LED Display Market Forecasts and Analysis - By Countries
9.1.5.1United States Outdoor LED Display Market
9.1.5.1.1United States Outdoor LED Display Market by Type
9.1.5.1.2United States Outdoor LED Display Market by Application
9.1.5.2Canada Outdoor LED Display Market
9.1.5.2.1Canada Outdoor LED Display Market by Type
9.1.5.2.2Canada Outdoor LED Display Market by Application
9.1.5.3Mexico Outdoor LED Display Market
9.1.5.3.1Mexico Outdoor LED Display Market by Type
9.1.5.3.2Mexico Outdoor LED Display Market by Application
9.2.EUROPE
9.2.1Europe Outdoor LED Display Market Overview
9.2.2Europe Outdoor LED Display Market Forecasts and Analysis
9.2.3Europe Outdoor LED Display Market Forecasts and Analysis - By Type
9.2.4Europe Outdoor LED Display Market Forecasts and Analysis - By Application
9.2.5Europe Outdoor LED Display Market Forecasts and Analysis - By Countries
9.2.5.1Germany Outdoor LED Display Market
9.2.5.1.1Germany Outdoor LED Display Market by Type
9.2.5.1.2Germany Outdoor LED Display Market by Application
9.2.5.2France Outdoor LED Display Market
9.2.5.2.1France Outdoor LED Display Market by Type
9.2.5.2.2France Outdoor LED Display Market by Application
9.2.5.3Italy Outdoor LED Display Market
9.2.5.3.1Italy Outdoor LED Display Market by Type
9.2.5.3.2Italy Outdoor LED Display Market by Application
9.2.5.4United Kingdom Outdoor LED Display Market
9.2.5.4.1United Kingdom Outdoor LED Display Market by Type
9.2.5.4.2United Kingdom Outdoor LED Display Market by Application
9.2.5.5Russia Outdoor LED Display Market
9.2.5.5.1Russia Outdoor LED Display Market by Type
9.2.5.5.2Russia Outdoor LED Display Market by Application
9.2.5.6Rest of Europe Outdoor LED Display Market
9.2.5.6.1Rest of Europe Outdoor LED Display Market by Type
9.2.5.6.2Rest of Europe Outdoor LED Display Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Outdoor LED Display Market Overview
9.3.2Asia-Pacific Outdoor LED Display Market Forecasts and Analysis
9.3.3Asia-Pacific Outdoor LED Display Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Outdoor LED Display Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Outdoor LED Display Market Forecasts and Analysis - By Countries
9.3.5.1Australia Outdoor LED Display Market
9.3.5.1.1Australia Outdoor LED Display Market by Type
9.3.5.1.2Australia Outdoor LED Display Market by Application
9.3.5.2China Outdoor LED Display Market
9.3.5.2.1China Outdoor LED Display Market by Type
9.3.5.2.2China Outdoor LED Display Market by Application
9.3.5.3India Outdoor LED Display Market
9.3.5.3.1India Outdoor LED Display Market by Type
9.3.5.3.2India Outdoor LED Display Market by Application
9.3.5.4Japan Outdoor LED Display Market
9.3.5.4.1Japan Outdoor LED Display Market by Type
9.3.5.4.2Japan Outdoor LED Display Market by Application
9.3.5.5South Korea Outdoor LED Display Market
9.3.5.5.1South Korea Outdoor LED Display Market by Type
9.3.5.5.2South Korea Outdoor LED Display Market by Application
9.3.5.6Rest of Asia-Pacific Outdoor LED Display Market
9.3.5.6.1Rest of Asia-Pacific Outdoor LED Display Market by Type
9.3.5.6.2Rest of Asia-Pacific Outdoor LED Display Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Outdoor LED Display Market Overview
9.4.2Middle East and Africa Outdoor LED Display Market Forecasts and Analysis
9.4.3Middle East and Africa Outdoor LED Display Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Outdoor LED Display Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Outdoor LED Display Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Outdoor LED Display Market
9.4.5.1.1South Africa Outdoor LED Display Market by Type
9.4.5.1.2South Africa Outdoor LED Display Market by Application
9.4.5.2Saudi Arabia Outdoor LED Display Market
9.4.5.2.1Saudi Arabia Outdoor LED Display Market by Type
9.4.5.2.2Saudi Arabia Outdoor LED Display Market by Application
9.4.5.3U.A.E Outdoor LED Display Market
9.4.5.3.1U.A.E Outdoor LED Display Market by Type
9.4.5.3.2U.A.E Outdoor LED Display Market by Application
9.4.5.4Rest of Middle East and Africa Outdoor LED Display Market
9.4.5.4.1Rest of Middle East and Africa Outdoor LED Display Market by Type
9.4.5.4.2Rest of Middle East and Africa Outdoor LED Display Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Outdoor LED Display Market Overview
9.5.2South and Central America Outdoor LED Display Market Forecasts and Analysis
9.5.3South and Central America Outdoor LED Display Market Forecasts and Analysis - By Type
9.5.4South and Central America Outdoor LED Display Market Forecasts and Analysis - By Application
9.5.5South and Central America Outdoor LED Display Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Outdoor LED Display Market
9.5.5.1.1Brazil Outdoor LED Display Market by Type
9.5.5.1.2Brazil Outdoor LED Display Market by Application
9.5.5.2Argentina Outdoor LED Display Market
9.5.5.2.1Argentina Outdoor LED Display Market by Type
9.5.5.2.2Argentina Outdoor LED Display Market by Application
9.5.5.3Rest of South and Central America Outdoor LED Display Market
9.5.5.3.1Rest of South and Central America Outdoor LED Display Market by Type
9.5.5.3.2Rest of South and Central America Outdoor LED Display 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.OUTDOOR LED DISPLAY MARKET, KEY COMPANY PROFILES
11.1.BARCO NV
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.DAKTRONICS
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.DELTA ELECTRONICS, INC.
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.LG ELECTRONICS
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.LIGHTHOUSE TECHNOLOGIES LIMITED
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.PANASONIC CORPORATION
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.SAMSUNG
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.SHENZHENÂ LEYARD OPTO-ELECTRONIC CO,LTD
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.SONY CORPORATION
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.TOSHIBA CORPORATION
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. Barco NV
2. Daktronics
3. Delta Electronics, Inc.
4. LG Electronics
5. Lighthouse Technologies Limited
6. Panasonic Corporation
7. Samsung
8. Shenzhen Leyard Opto-Electronic co,Ltd
9. Sony Corporation
10. Toshiba Corporation
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.
Get Free Sample For