Global Outdoor LED Display Market to hit $22.4bn by 2024

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U.S. Outdoor LED Display Market to exceed USD 2.5
billion by 2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Outdoor LED Display Market

• An outlook on outdoor LED display market growth
  is presented in this latest research report that
  reviews industry growth drivers, trends, regional
  factors companies as well as provides forecasts
  for next few years. On account of companies
  aiming to use attractive, eye-catchy, bright
  advertising displays billboards, outdoor LED
  display market is set to generate highly
  lucrative business in the next few years. With an
  aim to attract the audience and stay on top of
  the competition, companies are increasingly
  turning toward LED powered advertising boards,
  perimeter boards, and scoreboards for marketing
  themselves and their products and services. The
  exponentially rising demand for wireless
  connections for high resolution signs and
  billboards will also help impel outdoor LED
  display market, which was worth more than USD 2.5
  billion in 2015.
• Recognizing the potential of LED displays and the
  impact they have on the audience, companies
  operating in global outdoor LED display industry
  are striving to develop innovative products that
  depict the features of longer shelf life and
  improved capacity. Key companies include
  Electronic Displays, Panasonic, Barco NV, LG
  Electronics, Shenzhen Dicolor, Leyard
  Optoelectronic, Toshiba, Sony, Optoelectronics,
  Panasonic, Daktronics, and Lighthouse
  Technologies.

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Continued

• Apart from novel product development, outdoor LED
  display market players are focusing on investing
  heavily in research development activities and
  diversifying their product portfolio.
  Additionally, to cut down on the operational
  costs, companies have begun to rely on automation
  to update outdoor displays instead of technical
  personnel making tedious on-site visits. Outdoor
  LEDs come in a variety of color displays, namely
  tri-color, full color, and monochrome models.
  Undoubtedly, the full color model encompasses the
  best features and has the ability to depict
  colorful animations, images, and videos, subject
  to which full color outdoor LED display market
  will grow at a significant pace over 2016-2024.
• Even the tri-color display model is gaining
  remarkable prominence, pertaining to its rising
  adoption in scoreboards, digital signage, and
  perimeter boards. On account of the rapid
  development of digital signage market, tri-color
  outdoor LED display industry is expected to
  register a CAGR of 22.3 over 2016-2024. LED
  screens incorporating interactive visualization
  technology are forecast to be deployed
  increasingly across bus stops and train stations,
  owing to growing trend of utilizing high tech 3D
  powered interactive imaging. This trend is
  predicted to contribute heavily toward outdoor
  LED display market growth.

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Continued

• Outdoor LEDs are used across billboards, matrix
  boards, perimeter boards, video walls, mobile
  panels, and traffic signals. Traffic light
  applications held more than 11.5 of outdoor LED
  display industry in 2015 and are predicted to be
  worth more than USD 1.95 billion by 2024, with a
  CAGR estimation of 19 over 2016-2025. This
  growth can be primarily attributed to factors
  such as high energy efficiency, adaptability to
  varied power supply, and reduced maintenance
  expenses.
• Outdoor LEDs that depict stupendous visibility
  and cost-efficiency are used by companies to
  advertise their products and services on
  billboards and hoardings. On these grounds,
  outdoor LED market from billboards is projected
  to grow at a rate of 24.8 over 2016-2024, having
  accounted for more than 40 of the overall
  revenue in 2015. The remarkable growth of digital
  advertising will propel the demand for outdoor
  LED display industry. LED billboards, though
  expensive, are deemed to be highly effective as
  opposed to printed outdoor ads, with single ads
  displayed for a duration of 8 seconds. Extensive
  utilization of these billboards will augment
  outdoor LED display market in the next few years.

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

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Continued

• LED displays are now being increasingly deployed
  across the globe for sporting events, in stadiums
  and playground arenas, for advertising big-shot
  events and products, taxi ads, and even kiosk
  advertisements. With customer expectations
  reaching an all-time high, companies are using
  LEDs to brand themselves across myriad regions.
  For instance, U.S. outdoor LED display market is
  anticipated to be worth USD 2.5 billion by 2024,
  subject to the increasing deployment of LED
  technology for outdoor advertising in commercial
  zones such as the Boardwalk and the Times Square.
  Having held more than 50 of the regional outdoor
  LED display industry in 2015, this market is
  expected to grow significantly owing to the huge
  demand for personalized advertising solutions.
• The entertainment sector, in the past few years,
  has been thriving solely by virtue of outdoor
  LEDs. These devices are being used for
  applications such as interactive floor displays
  and video walls for sports halls, multiplexes,
  gaming arenas, casinos, hotels, theme parks, and
  malls. The increasing usage of LED advertising
  for such popular commercial entertainment zones
  will impel outdoor LED display industry globally.

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Continued

• Countries forming a part of the APAC region have
  lately been organizing sporting events on a large
  scale, pertaining to which Asia Pacific outdoor
  LED display market will grow at a CAGR of 25
  over 2016-2024. Having been valued for around USD
  1 billion in 2015, this regional market has also
  been experiencing an exponential growth in the
  infrastructural sector, which will lead to
  widespread product demand in the years to come.
  China and India will be the key revenue pockets
  driving APAC outdoor LED display industry.
• Individually mounted LED displays will be
  increasingly adopted by commercial builders in
  the near future driven by the high demand for
  large screens and excellent viewability. Having
  held more than 55 of the overall revenue in
  2015, individually mounted outdoor LED display
  market will grow substantially over 2016-2024,
  powered by the products bright display feature,
  longer shelf life, and less heat generating
  capacity. Surface mounted outdoor LED display
  market, on the other hand, is expected to grow at
  a CAGR of 26.5 over 2016-2024.

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