Market Overview 2024-2032:
The global LED modular display market size reached US$ 7.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.0 Billion by 2032, exhibiting a growth rate (CAGR) of 12.5% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 7.1 Billion |
Market Forecast in 2032
|
US$ 21.0 Billion |
Market Growth Rate 2024-2032 |
12.5% |
LED modular displays comprise a combination of cabinets or small independent units available in a variety of sizes, shapes and pixel patches. These displays are installed in indoor or outdoor applications like shopping centres, entertainment, weddings, concerts and sports events as they can be configured onsite according to user requirements. Moreover, they offer durability, efficiency, scalability, seamless images, optimal viewing angles, high-impact visual quality, fast lead times and design flexibility. As a result, they are also being used in airports, exhibitions, auditoriums, and railway stations.
A significant rise in the number of outdoor events, along with the emergence of digital-out-of-home (DOOH) advertising, represents one of the key factors bolstering the growth of the LED modular display market. Additionally, due to their thin, lightweight and easy-to-install nature, these displays are gaining popularity in the corporate sector to display products and essential information. Apart from this, LED modular displays can withstand extreme weather conditions and adjust brightness accordingly, which is increasing their installation in theme amusement parks across the globe. Furthermore, as they offer aesthetic and realistic options, the growing trend of smart homes is influencing their demand positively. Besides this, the leading market players are focusing on the introduction of micro-LED modular displays that are energy-efficient and produce true-to-life colors. Retail clothing stores worldwide are also adopting the technology to enable virtual dressing rooms, which is anticipated to provide ample lucrative opportunities to leading manufacturers for expanding their existing market reach and overall sales.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global LED modular display market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on display type and application.
Breakup by Display Type:
- Outdoor Modular Screens
- Indoor Modular Screens
Breakup by Application:
- Retail
- Entertainment
- Media and Advertising
- Transportation
- Healthcare
- Others
Breakup by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- North America
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Barco, NEC Display Solutions Ltd. (Sharp Corporation), PixelFLEX, Planar Systems Inc. (Leyard Optoelectronic Co. Ltd), Prismaflex International, Pro Display, Samsung Electronics Co. Ltd., Shenzhen Absen Optoelectronic Co. Ltd., Sony Corporation and Yaham Optoelectronics Co. Ltd.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Display Type, Application, Region |
Region Covered |
Europe, Asia Pacific, North America, Latin America, Middle East and Africa |
Countries Covered |
United Kingdom, Germany, France, Spain, Italy, Russia, China, Japan, India, South Korea, Australia, Indonesia, United States, Canada, Brazil, Mexico |
Companies Covered |
Barco, NEC Display Solutions Ltd. (Sharp Corporation), PixelFLEX, Planar Systems Inc. (Leyard Optoelectronic Co. Ltd), Prismaflex International, Pro Display, Samsung Electronics Co. Ltd., Shenzhen Absen Optoelectronic Co. Ltd., Sony Corporation and Yaham Optoelectronics Co. Ltd. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global LED modular display market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global LED modular display market?
- What are the key regional markets?
- What is the breakup of the market based on the display type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global LED modular display market and who are the key players?
- What is the degree of competition in the industry?