Outdoor LED Display Market Size, Share, Trends, Growth and Forecast 2032

Outdoor LED Display Market

Outdoor LED Display Market - by Technology (Individually Mounted and Surface Mounted) By Color Display (Monochrome, Tri-color and Full Color): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032

Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-1542 Published Date: Oct-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 7.26 Billion USD 33.06 Billion 16.4% 2023

Global Outdoor LED Display Market Insights

Zion Market Research has published a report on the global Outdoor LED Display Market, estimating its value at USD 7.26 Billion in 2023, with projections indicating that it will reach USD 33.06 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 16.4% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Outdoor LED Display industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Outdoor LED Display Market: Overview

A flat panel display that comprises a number of light-emitting diodes as the prime element of the video display is known as a light emitting diode (LED) display. LED displays distinguish themselves by the remarkable brightness and illumination, dynamic display of content, and high-definition resolution. The clear illumination and the exclusive display of an array of colors allow them to be used for a range of decorative and informational purposes.

Global Outdoor LED Display Market: Segmentation

The outdoor LED display market is globally segmented into its application, technology, color display, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of application, the global market is segregated into billboards, video walls, LED matrix boards, perimeter boards, mobile panels, and traffic lights.

Based on the technology, the market is categorized into individually mounted and surface mounted.

Depending on the color display, the market is divided into monochrome, tri-color, and full-color. The diversification of the outdoor LED display market includes North America, Asia Pacific, Europe, and Rest of the World.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Global Outdoor LED Display Market: Growth Factors

The factors that drive the outdoor LED display market is the high demand for visualization technology that is interactive for innumerable applications including scoreboards, video walls, perimeter boards, advertising boards, and stadium screens. The technological advancements that are made in video displays have led to the expansion of high-resolution signboards, which are being adopted extensively on various occasions for interactive displays. The increasing number of events such as brand promotion activities, live concerts, and sports events in various regions has triggered the demand for outdoor LED display technology. Besides, the outdoor LED display is also adopted in applications such as weather updates, match scores, and streaming live news.

The interactive screens are installed at different public places such as railway stations and bus stops thus opening many opportunities for the market players. With the advancements that are made in the electronics sector, the vendors are offering high-resolution signboards that are used in events such as live concerts, exhibitions, and brand promotional activities. The outdoor LED display technology has a strong competition from the LCD and projector technology segments.

Outdoor LED Display Market: Report Scope

Report Attributes Report Details
Report Name Outdoor LED Display Market
Market Size in 2023 USD 7.26 Billion
Market Forecast in 2032 USD 33.06 Billion
Growth Rate CAGR of 16.4%
Number of Pages 110
Key Companies Covered Electronic Displays, LG Electronics, Panasonic, Daktronics, Shenzhen Dicolor Optoelectronics Co Ltd., Toshiba Corporation, and Sony Corporation
Segments Covered By Application, By Technology, By Color Display And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Outdoor LED Display Market: Regional Analysis

Asia Pacific is a dominant market for the outdoor LED display market and is anticipated to develop even better in the coming years. The factor that contributes to the regional market growth is the presence of different regional and global manufacturers and distributors in emerging countries such as Japan, China, and Korea. The other factor that has affected the market growth is the growing demand for energy-efficient and cost-effective monochrome and tricolor solutions that can be used in various public places. The other potential market is the North America for outdoor LED displays. The technological advancements that are made in the sensor technologies and the improved adoption of the services that are cloud based expect to unlock beneficial opportunities for the market players. 

Outdoor LED Display Market: Competitive Players

Some of the key market players that are involved in the outdoor LED display market include -

  • Electronic Displays
  • LG Electronics
  • Panasonic
  • Daktronics
  • Shenzhen Dicolor Optoelectronics Co Ltd.
  • Toshiba Corporation
  • Sony Corporation.

This report segments the Global LED Display Market as follows:

Global LED Display Market: On The Basis Of Application Analysis

  • Billboards
  • Video Walls
  • LED Matrix Boards
  • Perimeter Boards
  • Mobile Panels
  • Traffic Lights

Global LED Display Market: Based On The Technology Analysis

  • Mounted 
  • Surface Mounted

Global LED Display Market: On The Color Display Analysis

  • Monochrome
  • Tri-color
  • Full-color

Outdoor LED Display Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

Methodology

FrequentlyAsked Questions

global Outdoor LED Display Market, estimating its value at USD 7.26 Billion in 2023, with projections indicating that it will reach USD 33.06 Billion by 2032.

The market is expected to expand at a compound annual growth rate (CAGR) of 16.4% over the forecast period 2024-2032.

The largest share of the Outdoor LED Display Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.

Electronic Displays, LG Electronics, Panasonic, Daktronics, Shenzhen Dicolor Optoelectronics Co Ltd., Toshiba Corporation, and Sony Corporation

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