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The global outdoor LED display market was valued at US$ 7.08 Billion in 2021.
We expect the global outdoor LED display market to exhibit a CAGR of 8.10% during 2022-2027.
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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