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The global LED modular display market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 16% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global LED modular display market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on display type and application.
Breakup by Display Type:
Breakup by Application:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|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|
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|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)|
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