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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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Market Overview:
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.
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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 light-emitting diode (LED) displays are reliable large billboards used to display advertisements about products, services, or any information related to a corporation. They rely on unique power-saving technology, thereby making them a cost-effective investment that leads to significant cost savings. As they require low power and offer high brightness, longer shelf life, and high return on investment (ROI), outdoor LED displays are widely installed in stadiums, retail, transportation, sports arenas, and corporate campuses.
Outdoor LED Display Market Trends:
With high luminance delivering content clearly under direct sunlight and the durability to withstand extreme environmental conditions like rain, heat, snow, and wind, outdoor LED displays are gaining widespread adoption in delivering advertisement effectively during games. This can also be attributed to growing consumer spending on outdoor activities and increasing government funding for sports tournaments and events. Moreover, as outdoor LED displays are waterproof and offer heat dissipation functions, they can be installed at clinics or health centers located in busy areas to organize a health-related or an awareness-raising event, a fund-raising campaign for research, and a charity concert. Apart from this, outdoor LED displays are gaining traction in higher educational institutions to announce school activities, events, and information and improve the learning experience and school environment. Furthermore, the rising focus on the digitized promotion of products and services to engage audiences and extract maximum effectiveness in marketing messages is providing lucrative growth opportunities to the market. Besides this, market players are introducing premium versions of outdoor LED displays in various formats for different stadiums and outdoor venue applications. These displays provide robust performance with exceptional image quality, which is anticipated to influence the market positively.
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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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global outdoor LED display market report, along with forecasts at the global, regional and country level from 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
Breakup by Color Display:
- Monochrome Display
- Tri-Color Display
- Full Color Display
Breakup by Application:
- Billboards
- Mobile LED Display
- Perimeter Board
- Traffic Lights
- Video Wall
- Others
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, Color Display, Application, Region |
| Region 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. and Toshiba Corporation. |
| 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) |
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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