The Global Light Emitting Diode (LED) Display Market is experiencing significant growth due to its numerous advantages over traditional display technologies. LED displays offer high brightness, energy efficiency, and vibrant colors, making them ideal for various applications such as advertising, retail, sports stadiums, and transportation. The market is driven by increasing demand for high-quality visual experiences, advancements in LED technology, and growing investments in the digital signage industry. With their superior performance and versatility, LED displays are revolutionizing the visual display market and transforming the way information is presented and consumed.
According to Data Bridge Market Research, the global light emitting diode display market is expected to reach the value of USD 78,392.20 million in 2021 and is expected to reach USD 146,176.78 million by 2029, registering a CAGR of 8.10% during the forecast period of 2022 to 2029.
“Multi-utility purpose surge market demand"
For a variety of uses, there are various types of LED displays available on the market. Large-area LED displays are used for stadium displays, freeway dynamic message signs, and dynamic decorative displays. As opposed to this, thin, lightweight message displays are used in airports, train stations, and as destination signs for buses, trains, trams, and ferries. Additionally, the additional features of LED displays, such as their durability, strength, energy efficiency, and environmental friendliness, enable marketers and promoters to use them for unlimited promotional and broadcast operations. The industry's expansion is being fueled by the rising trend of carnival competitions, corporate displays, and an increase in live performances.
What restraints the growth of the global light emitting diode display market?
"Harmful effects can impede the market growth”
The light emitting diode (LED) display market faces limitations due to the potential harmful effects on human health. LED displays emit shortwave light, which can have detrimental effects on vision with prolonged exposure. Continuous exposure to LED display screens can cause eye strain, and discomfort, and disrupt sleep patterns. These health concerns pose challenges to the widespread adoption of LED displays, necessitating the implementation of mitigating measures such as proper screen brightness, blue light filters, and awareness campaigns to ensure safe usage and minimize the potential harmful effects on human health.
Segmentation: Global Light Emitting Diode Display Market
The light emitting diode display market is segmented on the basis of type, colour display technology and application
- On the basis of type, the light emitting diode display market is segmented into conventional led displays, surface mounted led displays.
- On the basis of colour display technology, the light emitting diode display market is segmented into monochrome led displays, tri-colour led displays, full colour led displays.
- On the basis of application, the light emitting diode display market is segmented into backlighting, and digital signage.
Regional Insights: North America dominates the Global Light Emitting Diode Display Market
North America exhibits dominance in the light emitting diode (LED) display market during the forecast period, primarily driven by the significant market presence of quantum dots in the region. Quantum dot technology enhances the color gamut and improves display performance, driving its popularity in the LED display market. North America's advanced research and development infrastructure, strong technological capabilities, and strategic collaborations contribute to its leading position, fostering the growth of the LED display market in the region.
Asia-Pacific is projected to be the fastest developing region in the light emitting diode (LED) display market, driven by accelerated infrastructural ventures in emerging markets and a growing number of gaming competitions in the region. Increasing investments in infrastructure development, such as smart cities and transportation networks, create a demand for LED displays. Additionally, the rising popularity of gaming and eSports fuels the adoption of LED displays, propelling the growth of the market in Asia-Pacific.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-light-emitting-diode-display-market
The Prominent Key Players Operating in the Global Light Emitting Diode Display Market Include:
- Samsung (South Korea)
- LG DISPLAY CO., LTD. (South Korea)
- NEC Corporation (Japan)
- Sharp NEC Display Solutions of America, Inc. (Japan)
- Leyard Europe (Germany)
- Barco (Belgium)
- Sony Corporation (Japan)
- AUO Corporation (Taiwan)
- DEEPSKY CORPORATION LTD (Hong Kong)
- VTRON TECHNOLOGIES LTD (China)
- AOTO Electronics Co., Ltd (China)
- Unilumin (China)
- ViewSonic Corporation (U.S.)
- Koninklijke Philips N.V. (Netherland)
- Panasonic Corporation Co, Ltd (Japan)
- Planar Systems Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global light emitting diode display market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Light Emitting Diode Display Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
