Global Outdoor LED Display Market Global Opportunity Analysis And Industry Forec
Posted by rohit on February 13th, 2020
The global outdoor LED display market is projected to reach over US$ 40 billion by 2025, exhibiting a CAGR of 9.56% over the forecast period (2017 to 2025). The Outdoor LED display market is primarily driven by the innovation and modernization offered by LED lighting systems over incandescent and fluorescent lamps. Additionally, the energy efficiency of LED lights, longer lifetime, HD resolution, good pixel, enhanced physical strength, smaller size, design flexibility, and environment friendly are some factors offering incredible market opportunities for Outdoor LED display manufacturers. Constant new product innovation and integration of advanced technology is a key characteristic of the market, garnering consumer attention. Rampant growth in demand for screen and display backlighting are expected to offer new growth avenues for the outdoor LED display market.
Increased demand for advertising boards, video walls, stadium screens, perimeter boards, and scoreboards is expected to boost the growth of outdoor LED display market size.
The Global Outdoor LED Display market was valued at US$ 16.43 billion in 2016 and is expected to witness a CAGR of 17.1% from 2017 to 2025. Rising consumer requirement for energy-efficient lighting systems, technological innovation, HD resolution, good pixel quality, and brightness are some of the factors augmenting the outdoor LED display market growth.
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Growing demand for LED displays in outdoor advertisement and broadcasting live events due to improved features of LED displays, rising number of sports events, live concerts, and corporate exhibitions worldwide, are increasing the demand for outdoor LED display, mainly in advertising and sports industries. Additionally, the companies in this market have started providing end-to-end solutions to their customers, including manufacturing the displays to installing them on site and offering after-sale services.
Detail Outdoor LED Display Market Segmentation:
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Key companies covered as a part of this study include Philips Lighting Holding B.V., General Electric Company, Osram Licht AG, Cree, Inc., Eaton Corporation PLC, Hubbell Incorporated, Dialight PLC, Zumtobel Group AG, Syska LED, and Virtual Extension.
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About the Authorrohit
Joined: February 6th, 2020
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