Outdoor LED Display Market Introduction
Outdoor LED displays incorporate various LED display products such as mobile LED screens, LED billboards, perimeter LED display, LED video walls (for both outdoor and indoor applications), and LED matrix displays. Outdoor LED displays find their application in public & private transit systems, retail stores, stadiums, shopping centers, and building facades among others.
The growth of the outdoor LED display market is being increasingly driven by special features such as longer lifespan, eco-friendliness, and energy efficiency. Also, government regulations in China, Japan and GCC nations regarding adoption of energy-efficient lighting systems are increasing the penetration of LEDs in outdoor displays. In addition, rising number of musical and sports events across the globe, increasing number of smart construction projects such as shopping malls and multiples are some of the major factors that are projected to fuel the overall outdoor LED display market growth during the forecast period.
Adoption of LED displays such as LED scoreboards and perimeters boards have been increased at a rapid pace especially in stadiums and live events. In addition, outdoor LED displays are increasing their popularity as a mean of advertisements and promotional activities at streets due to various characteristics of these products such as high-definition resolution, high pixel pitch, brightness, and durability among others. Moreover, prominent players operating in the outdoor LED display market are focused towards launching more energy- and cost-efficient outdoor LED display products for diverse applications to gain competitive advantages and expand market share.
Industrial and commercial LED lighting market has been segmented into application, mounted technology, and color display. On the basis of application, the overall outdoor LED display market has been segmented into LED mobile screen, LED billboard, LED traffic light, perimeter LED board, LED video walls, and other LED matrix displays. Mounted technology has been segmented into surface-mounted and individually mounted. Based on color display, the outdoor LED display market has been segmented into monochrome, tri-color and full color.
Key regions covered in the outdoor LED display market are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa (MEA). Of these regions, North America dominated the market with the largest revenue share of the overall outdoor LED display market revenue, followed by Western Europe in 2014. However, the outdoor LED display market in Asia Pacific is expected to grow at a considerable CAGR over the forecast period.
Outdoor LED Display Market Competitive Landscape
Key players operating in the global outdoor LED display market concentrates on introducing innovative outdoor LED display products such as LED imaging devices and digital display technologies through heavy investment in research and development to increase their customer base and outperform competitors. Major players in the global outdoor LED display market include Galaxia Electronics Co. Ltd., Toshiba Corporation, Sony Corporation, Shenzhen Dicolor Optoelectronics Co. Ltd., Panasonic Corporation, Lighthouse Technologies Ltd., LG Electronics Inc., Leyard Opto-Electronic Company Ltd., Ekta Ltd., Data Display Co. Ltd., Daktronics Inc., Barco N.V., and Electronic Displays Inc.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on outdoor LED display market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.