Global Outdoor LED Display Market Forecasts, Size, Share, Dynamic Research, Trend, Forecast 2023
According to a new market report published by Credence Research Inc., “Outdoor LED Display Market(By Technology (Individually Mounted and Surface Mounted), By Application (LED Billboards, Perimeter LED Boards, LED Video Walls, LED Mobile Panel, LED Traffic Light, and Other Applications), By Color Display (Monochrome Display, Full color Display, and Tri-color Display)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the outdoor LED display market is expected to witness a double digit CAGR during the forecast period 2016 to 2023.
An outdoor LED display is a flat panel display which uses a range of light emitting diodes as pixels for a video display. Comparatively high brightness of LED displays makes them suitable to be used outdoors in billboards, perimeter boards, and video walls among others for advertising purpose. In recent years, LED displays have also become popular destination signs on public transport cars. Outdoor LED displays are quickly becoming popular across private as well as public environments on account of benefits offered in terms of durability, energy efficiency, and operational cost among others. Apart from application, the global outdoor LED display market is also segregated by technology and display type. In 2015, full color outdoor LED displays led the overall market on account of its ability to offer high quality videos and animations. In terms of technology, individually mounted outdoor LED displays accounted for majority of the market revenue share in 2015 and would continue to dominate throughout the forecast period.
The global outdoor LED display market is highly competitive and technology driven. The top four players in the market collectively account for less than 45 percent of the global outdoor LED display market revenue. Some of the leading players identified in the global outdoor LED display market include LG Electronics, Inc., Panasonic Corporation, Sony Corporation, Barco NV, Data Display Co., Ltd., Daktronics, Inc., Toshiba Corporation, Lighthouse Technologies, Ltd., Shenzhen Dicolor Optoelectronics Co. Ltd., Leyard Opto-Electronic Company Ltd., Buchi Labortechnik AG, and EKTA Ltd. among others. The global outdoor LED display market also includes large number of niche players accounting for trivial market share individually. The players in the market are focused on offering complete turn-key solutions and quality pre- and post-sales services. The global outdoor LED display market being technology driven, the competitive rivalry among market players is expected to remain high throughout the forecast period 2016 – 2023.