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Outdoor LED Display Market Analysis, Competitive Strategies and Forecasts to 2024

A detailed overview of Outdoor LED Display market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Outdoor LED Display market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Increased demand for sophisticated applications such as advertising boards, video walls, stadium screens, perimeter boards and scoreboards is anticipated to propel outdoor LED display market size from 2016 to 2024. Corporate brands opt for these devices owing to various benefits such as brightness, HD resolution, pitch, good pixel, durability, portability and energy efficiency.

Surface mounted technology is projected to grow with 26.5% CAGR from 2016 to 2024. Rising prominence of these devices may offer tough competition to conventional systems in the coming years. Advent of projector as well as LCD technology is anticipated to negatively impact demand. However, rising preference for energy efficient device, evolving screen dynamics and low operating costs may fuel outdoor LED display market share for various advertisement and sports events.

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Outdoor LED Display Market size is forecast to exceed USD 22.4 billion by 2024; according to a new research report

Outdoor LED Display Market Analysis, Competitive Strategies and Forecasts to 2024
Outdoor LED Display Market Analysis, Competitive Strategies and Forecasts to 2024

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Advertising boards, stadium screens, perimeter boards, scoreboards, and video walls are set to witness growth. Higher awareness about the advantages of these panels, increasing high-tech infrastructure demand and rising number of sports activities will fuel mobile panels revenue.

Key insights from the report include:
Features such as high cost-effectiveness, incredible visibility and dynamic content will drive growth in the billboards segment. Traffic lights accounted for more than 11.5% of the global outdoor LED display market share and is forecast to be valued over USD 1.95 billion by 2024. Growth in the segment can be dedicated to attributes such as ability to readily adopt to power supply changes, high energy efficiency and low maintenance cost.
Individually mounted technology was valued at USD 1.46 billion in 2015. Brighter illuminated display, minimal heat generation, and longer life is forecast to encourage retailers as well as commercial builders to adopt this technology.
China outdoor LED display market size will drive revenue in Asia Pacific, which was estimated at USD 1.18 billion as of 2015. Regional growth can be credited to swift infrastructural development and increasing sports activities across emerging economies such as China and India.
In 2015, North America accounted for over 19% of the revenue generated. Rising technology implementation in various locations including The Boardwalk and Times Squar is anticipated to propel demand through 2024. Bus stops and train stations are set to witness high deployment of interactive screens.
Key industry participants are Sony, Panasonic, LG Electronics, and Toshiba. Other prominent playres include Sharp, Samsung Display, Qingdao Haier, Koninklijke Philips, Innolux, Hisense Group, AU Optronics, and BOE Technology Group.

Electronic signs used in billboards display multiple messages, and these messages can be changed either remotely or by programming the display on the site. Growing demand for electronic billboards over printed billboards with rising number of advertisements will be responsible for driving outdoor LED display market size. As the cost of billboards continues to decrease, growth in developing economies could boost sales significantly.

Global Market Insights has segmented the outdoor LED display market on the basis of technology, application, color display and region

Major Highlights from Table of contents are listed below for quick lookup into Outdoor LED Display Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Outdoor LED Display Market
  • Product trends
  • Application trends

Chapter 3. Outdoor LED Display Industry Insights

  • Outdoor LED Display Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Outdoor LED Display industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Outdoor LED Display Market Technology & innovation landscape
  • Industry impact forces
  • Outdoor LED Display Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Outdoor LED Display Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Outdoor LED Display Market
  • SWOT Analysis

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