Overview:

The global outdoor LED displays market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Outdoor LED displays are electronic devices which are used to display information at various commercial and private places such as bus stand, railway station, airports, events, and others.

This light-emitting diode display comes in various screen or display size and resolution. Also, outdoor LED display are able to show text and images which can be changed by using software.

Market Dynamics:

Major factors driving growth of the global outdoor LED displays market include growing number of applications, increasing demand owing to its features, and growing market competition. The outdoor LED display offers various beneficial features that make them useful for outdoor applications. These features include, clear text or image quality, high reliability, tough enough to stand in harsh environment conditions, high brightness, and many more.

Also, rapid technological advancements in display systems and introduction of innovative solutions from players are other factors expected to propel growth of the target market during the forecast period. In addition, growing number of sport events and rising number of audience at various events are among the others factors supporting target market growth across the globe.

Key Trends:

Increasing strategic merger and acquisition activities by major players in order to increase the business presence is a key trend witnessed in the global outdoor LED displays market. For example, in February 2018, NEC Display Solutions a manufacturer of computer monitors and large-screen public-information displays has acquired S[quadrat] GmbH. This acquisition is expected to support the company for market expansion.

Regional Analysis:

For detailed understanding of market dynamics, the global outdoor LED displays market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe is accounted for the highest revenue share in 2019 followed by the North America. This is owing to strong presence of large number of players and growing number of various sports and other events in countries in the region.

However, target market in Asia Pacific region is expected to witness strong growth over the forecast period. Growing number of market players, rising market competition, growing number of airports, railway stations, and rising public place infrastructure renovation projects in countries such as India are key factors expected to augment growth of the target market.

Scope of the Report:

Detailed Segmentation:

Global Outdoor LED Displays Market, By Mounting Type:

• Surface Mounted
• Individually Mounted

Global Outdoor LED Displays Market, By Display Color:

• Monochrome Display
• Tri-color Display
• Full Color Display

Global Outdoor LED Displays Market, By Application:

• Billboards
• Mobile LED Displays
• Perimeter Boards
• Video Walls
• Others

Key Players Covered:

Key players operating in the global outdoor LED displays market includes LG Electronics Inc., Toshiba Corporation, Panasonic Corporation, Daktronics Inc., Sony Corporation, Shenzhen Dicolor Optoelectronics Co. Ltd., Barco N.V., Leyard Opto-electronic Co. Ltd., Lighthouse Technologies Ltd., and Data Display Co. Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Outdoor LED Displays Market by mounting type, display color, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global outdoor LED displays market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.