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Outdoor LED Display Market Report by Type (Surface Mounted, Individually Mounted), Color Display (Monochrome Display, Tri-Color Display, Full Color Display), Application (Billboards, Mobile LED Display, Perimeter Board, Traffic Lights, Video Wall, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A5319
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Global Outdoor LED Display Market:
The global outdoor LED display market size reached US$ 8.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032. The increasing focus of key players on delivering advertisement effectively during games is bolstering the market.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 8.4 Billion |
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Market Forecast in 2032
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US$ 15.6 Billion |
| Market Growth Rate 2024-2032 | 7% |
Outdoor LED Display Market Analysis:
- Major Market Drivers: The growing emphasis on digitally promoting products and services to engage audiences and maximize effectiveness is propelling the market.
- Key Market Trends: The increasing usage of outdoor LED displays in educational facilities used to broadcast school activities, events, and information is acting as a significant growth-inducing factor.
- Competitive Landscape: Some of the prominent players in the market include ClearLED Ltd., Daktronics Inc., Delta Electronics Inc., Electronic Displays Inc., Galaxia Electronics Co. Ltd., Leyard Optoelectronic Co. Ltd., LG Electronics Inc., Lighthouse Technologies Limited, LIGHTVU, Panasonic Corporation, Samsung Electronics Co. Ltd., and Toshiba Corporation, among many others.
- Geographical Trends: Asia-Pacific leads the market, owing to the rapid growth in smart cities and infrastructure development activities.
- Challenges and Opportunities: The high initial investment impedes the market. However, improvements in technology that lower manufacturing costs and enhance energy efficiency will continue to drive the market during the forecast period.
Outdoor LED Display Market Trends:
Development of Weather-Resistant Displays
Outdoor LED displays are evolving to survive extreme climatic conditions, with manufacturers introducing weather-resistant designs that provide longevity, suitability for a variety of climates, and improved long-term performance. In May 2024, Planar, a well-known name in display technology, released the Planar Luminate Ultra W Series, a new line of outdoor LED displays. With an IP65 rating, they are designed to withstand dust, water, and UV rays, ensuring durability in harsh weather conditions.
Expansion of Large-Scale LED Installations
Large-scale LED installations in public spaces, such as city squares, transportation hubs, and malls, are becoming increasingly popular as governments and businesses invest in digital infrastructure for advertising, public information, and entertainment. In January 2024, PDS, the exclusive global provider of Philips professional displays, announced its expansion into the outdoor display market with the launch of the new 10,000 nit, Ultra High Bright, Philips Urban LED 6000 Series at ISE 2024 in Barcelona.
Increased Adoption in Sports and Entertainment
Outdoor LED displays are rapidly being used in sports stadiums and entertainment venues for live event broadcasting, interactive fan participation, and advertising, making them an essential component of modern event experiences. In August 2024, Adele's much-anticipated residency in Munich, Germany, set new standards for live entertainment. Solotech served as the official video supplier for the GUINNESS WORLD RECORDS achievement of the largest continuous outdoor LED screen, marking a major milestone in live event production.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Global Outdoor LED Display Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with the market forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, color display, and application.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Surface Mounted
- Individually Mounted
Currently, individually mounted holds the largest demand in the outdoor LED display market
The report has provided a detailed breakup and analysis of the market based on the type. This includes surface mounted and individually mounted. According to the report, individually mounted represented the largest market segmentation.
Individually mounted LED displays lead the market due to their flexibility and ease of maintenance. These displays are made up of discrete LED modules that can be placed in numerous configurations to form screens of various shapes and sizes, making them ideal for unique installations in public places and commercial settings.
Breakup by Color Display:
- Monochrome Display
- Tri-Color Display
- Full Color Display
The report has provided a detailed breakup and analysis of the market based on the color display. This includes monochrome display, tri-color display, and full color display.
The monochrome display is designed to show simple text-based information, such as traffic alerts. The tri-color display, which combines red, green, and yellow, allows simple graphics and announcements. Full color display provides brilliant graphics, which are great for dynamic advertising and large-scale events.
Breakup by Application:
- Billboards
- Mobile LED Display
- Perimeter Board
- Traffic Lights
- Video Wall
- Others
Currently, billboards hold the largest demand in the outdoor LED display market
The report has provided a detailed breakup and analysis of the market based on the application. This includes billboards, mobile LED display, perimeter board, traffic lights, video wall, and others. According to the report, billboards represented the largest market segmentation.
Billboards are gaining popularity due to their superior picture quality, brightness, and energy efficiency, making them a viable option for advertisers seeking exciting and visually appealing ways to reach massive audiences.
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Asia-Pacific currently dominates the market
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share.
The market in the Asia-Pacific region is rapidly expanding, driven by growing urbanization, increased infrastructural development, and rising demand for digital advertising solutions. Furthermore, the region is pioneering the deployment of LED displays in public places, commercial areas, and transportation hubs due to their brilliant images, energy efficiency, and long life.
Competitive Landscape:
The research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:
- ClearLED Ltd.
- Daktronics Inc.
- Delta Electronics Inc.
- Electronic Displays Inc.
- Galaxia Electronics Co. Ltd.
- Leyard Optoelectronic Co. Ltd.
- LG Electronics Inc.
- Lighthouse Technologies Limited
- LIGHTVU
- Panasonic Corporation
- Samsung Electronics Co. Ltd.
- Toshiba Corporation
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Outdoor LED Display Market Recent Developments:
- August 2024: Adele's much-anticipated residency in Munich, Germany set new standards for live entertainment. Solotech served as the official video supplier for the GUINNESS WORLD RECORDS achievement of the largest continuous outdoor LED screen (temporary), marking a major milestone in live event production.
- May 2024: Planar, a well-known name in display technology, released the Planar Luminate Ultra W Series, a new line of outdoor LED displays. With an IP65 rating, they are designed to withstand dust, water, and UV rays, ensuring durability in harsh weather conditions.
- January 2024: PDS, the exclusive global provider of Philips professional displays, announced its expansion into the outdoor display market with the launch of the new 10,000 nit, Ultra High Bright, Philips Urban LED 6000 Series at ISE 2024 in Barcelona.
Outdoor LED Display Market Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Types Covered | Surface Mounted, Individually Mounted |
| Color Displays Covered | Monochrome Display, Tri-Color Display, Full Color Display |
| Applications Covered | Billboards, Mobile LED Display, Perimeter Board, Traffic Lights, Video Wall, Others |
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | ClearLED Ltd., Daktronics Inc., Delta Electronics Inc., Electronic Displays Inc., Galaxia Electronics Co. Ltd., Leyard Optoelectronic Co. Ltd., LG Electronics Inc., Lighthouse Technologies Limited, LIGHTVU, Panasonic Corporation, Samsung Electronics Co. Ltd., Toshiba Corporation, etc. |
| 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 Benefits for Stakeholders:
- IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the outdoor LED display market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global outdoor LED display market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the outdoor LED display industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.
The global outdoor LED display market was valued at US$ 8.4 Billion in 2023.
We expect the global outdoor LED display market to exhibit a CAGR of 7% during 2024-2032.
The growing applications of outdoor LED displays in stadiums, sports arenas, corporate campuses, etc., for ensuring efficient digitized promotion of products and services to engage audiences are primarily driving the global outdoor LED display market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units and a halt in installation activities of outdoor LED displays.
Based on the type, the global outdoor LED display market has been segmented into surface mounted and individually mounted. Currently, individually mounted represents the largest market share.
Based on the application, the global outdoor LED display market can be bifurcated into billboards, mobile LED display, perimeter board, traffic lights, video wall, and others. Among these, billboards currently account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global outdoor LED display market include ClearLED Ltd., Daktronics Inc., Delta Electronics Inc., Electronic Displays Inc., Galaxia Electronics Co. Ltd., Leyard Optoelectronic Co. Ltd., LG Electronics Inc., Lighthouse Technologies Limited, LIGHTVU, Panasonic Corporation, Samsung Electronics Co. Ltd., and Toshiba Corporation.
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