Global Outdoor LED Display Market share to reach $22.4bn by 2024 - PowerPoint PPT Presentation

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Global Outdoor LED Display Market share to reach $22.4bn by 2024

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Request Sample of Report @ Rising adoption of full color models owing to its ability to exhibit high quality videos, animations as well as images will drive full color outdoor LED display market size. Tri-color projection technology is forecast to grow at 22.3% CAGR from 2016 to 2024. This can be attributed to its increasing adoption in digital signage market and scoreboards. – PowerPoint PPT presentation

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Title: Global Outdoor LED Display Market share to reach $22.4bn by 2024


1
Global Outdoor LED Display Market to hit 22.4bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Outdoor LED Display Market
  • Outdoor LED display market share forecast to
    exceed USD 22.4 billion by 2024 according to a
    new research report by Global Market Insights,
    Inc.
  • Growing inclination of established corporate
    brands to advertise products with LED displays
    will positively boost outdoor LED displays market
    size. Rising demand for billboards with wireless
    connections (for regularly changing content) and
    high resolution displays for scoreboards,
    hoardings, stadium screens, etc., will fuel the
    industry trends. Market players often engage in
    product innovation to be able to cater to
    corporate demands. For instance, Panasonic, which
    is already an official partner of the Rio 2016
    Olympics and the Rio 2016 Paralympics, recently
    announced that the company will supply large
    outdoor LED displays systems to the Live Site, an
    outdoor entertainment area in Rio de Janeiro, to
    enhance the audience experience of viewing the
    Games.

3
Continued...
  • LED displays are manufactured with the help of
    PCBs, PBBs, LED tiles, LED lights, data
    collectors, driver chips, cabinets, and back
    covers. With advertising gaining high ground for
    company expansion, corporations are vying with
    one another to advertise their product offerings
    in the best ways. This leads to high demand for
    OLEDs for stadiums, traffic signals, weather
    forecast, corporate events, cabs, and video
    walls.
  • Technologically, OLEDs can be either individually
    mounted or surface mounted. Surface mounted
    outdoor LED displays industry is anticipated to
    increase at a CAGR of 26.5 over the period of
    2016-2024. This technology is gaining popularity
    over its counterpart due to high density and
    enhanced mechanical performance, and is slated to
    exhibit remarkable growth prospects in the coming
    years.
  • Individually mounted technology contributed to
    more than 55 of the overall outdoor LED displays
    market share in 2015. This technology provides
    the benefits of bright displays, clarity, reduced
    heat generation, and longer lifespan, owing to
    which individually mounted outdoor LED displays
    industry will exhibit outstanding growth over
    2016-2024. High adoption by retailers and
    builders will further propel this market, which
    was worth USD 1.46 billion in 2015.

4
Asia Pacific outdoor LED display market size, by
application, 2013-2024 (USD Million)

5
Continued...
  • OLEDs are gaining prominence globally due to
    their increased application scope. North America
    covered more than 19 of the overall revenue
    share in 2015, with U.S. being the key
    contributor, having covered more than 50 of the
    regional industry share.
  • U.S. outdoor LED displays market will be valued
    for more than USD 2.5 billion by 2024, driven by
    growing implementation of LEDs across prime
    locations (Times Square and the Broadwalk). The
    deployment of interactive screens embedded with
    3D technology at bus and train stations and the
    demand for custom-made solutions will also fuel
    industry growth over 2016-2024.
  • High infrastructural development coupled with the
    increased number of sporting events will act as
    the key drivers for China outdoor LED displays
    market, which registered a revenue of USD 1.18
    billion in 2015. India is emerging as a global
    sports hub, which will prompt the usage of
    outdoor LEDs for sporting events, stadiums,
    mobile panels, and billboard advertising. This,
    in turn will impel India outdoor LED displays
    industry growth over the years to come. Supported
    by India and China, APAC outdoor LED displays
    market, having recorded a revenue of more than
    USD 1 billion in 2015, will grow at a CAGR of 25
    over 2016-2024.

6

Browse Full Market Research Report of Outdoor
LED Display Market _at_ http//bit.ly/2m1BRv4 Req
uest for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/7
17
7
Continued...
  • Global outdoor LED displays industry is fiercely
    competitive and leading providers are
    continuously engaged in imperative strategies to
    gain an edge over one another. Increasing RD
    investments remain a prime growth tactic to
    enhance displays efficiency and readability. In
    addition, companies are striving to innovate
    products by increasing their longevity, internal
    capacity, and color displays.
  • Speaking of color displays, outdoor LEDs can be
    segmented into tri-color, monochrome, and full
    color displays. Tri-color outdoor LED displays
    market is projected to increase at an annual
    growth rate of 22.3 over 2016-2024, driven by
    the high product deployment in scoreboards and
    perimeter boards. The full-color displays model
    depicts animated content, high quality images,
    and high quality videos. Powered by these
    excellent features, these models are being
    increasingly implemented across myriad sectors,
    thereby fueling full color outdoor LED displays
    industry size.
  • OLEDs find extensive usage across numerous
    applications and advertising methodologies.
    Traffic lights contributed to more than 11.5 of
    the overall outdoor LED displays market share in
    2015. Driven by enhanced efficiency and low
    maintenance charges, outdoor LED displays
    industry from traffic lights is set to grow at a
    CAGR of 19 over 2016-2024, and will hit a
    revenue of more than USD 1.95 billion by 2024.

8
Continued...
  • Key players operating in outdoor LED displays
    market include Shenzhen Dicolor Optoelectronics,
    Leyard Optoelectronic, LG Electronics, Lighthouse
    Technologies, Barco NV, Sony, Toshiba, Electronic
    Displays Inc., Panasonic, Optoelectronics Inc.,
    and Daktronics.
  • It is predicted that these conglomerates will
    also offer solutions for every stage of the
    process, right from designing to manufacturing to
    installation, and then the advertising to
    after-sales services. This strategy is likely to
    strengthen their global presence and diversify
    the service offering.

9
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