Mobile Panels and Outdoor LED Displays have diverse applications and features. These portable displays find use in events, concerts, sports stadiums, and outdoor advertising campaigns. They offer high brightness, vibrant colors, and dynamic content capabilities, ensuring visibility even in bright daylight. With flexibility in size and shape, they can be mounted on vehicles or trailers for mobile advertising. Their uses include brand promotions, public information displays, event announcements, and engaging audiences with captivating visual content, making them an effective tool for outdoor advertising and communication purposes.
According to Data Bridge Market Research, the global mobile panels outdoor LED display market is accounted for USD 6.40 billion in 2021 and is expected to reach USD 31.62 billion by 2029. The market is expected to grow with a CAGR of 22.10% in the forecast period of 2022 to 2029.
“Growing importance of digital marketing boosts the market’s growth”
The mobile panels outdoor LED display market is experiencing growth due to the growing importance of digital marketing. As businesses increasingly rely on digital advertising to reach their target audiences, outdoor LED displays provide an effective platform for dynamic and eye-catching promotional content. Mobile panels offer the advantage of flexibility and portability, allowing advertisers to target specific locations and events. With the rising demand for impactful and engaging advertising solutions, the market for mobile panels outdoor LED displays is expanding to meet the evolving needs of digital marketing.
What restraints the growth of the global mobile panels outdoor LED display market?
“High initial investments required restraints the market’s growth”
The growth of the mobile panels outdoor LED display market is constrained by the high initial investments required. Setting up outdoor LED displays involves significant costs for acquiring display units, installation, infrastructure, and content creation. These upfront investments can pose a barrier for businesses, especially smaller ones with limited budgets. The need for substantial capital outlay hampers market expansion.
Segmentation: Global Mobile Panels Outdoor LED Display Market
The global mobile panels outdoor LED display market is segmented on the basis of type and colour display.
- On the basis of type, the Mobile panels outdoor LED display market has been segmented into surface mounted, individually mounted.
- On the basis of colour display, the Mobile panels outdoor LED display market has been segmented into tri-color, monochrome, and full color.
Regional Insights: Asia-Pacific dominates the Global Mobile Panels Outdoor LED Display Market
Asia-Pacific dominates the mobile panels outdoor LED display market due to the increasing number of sports activities and infrastructure development in emerging nations like India and China. As these countries prioritize sports and fitness, there is a rising demand for sports nutrition products to support athletic performance, recovery, and overall wellness.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-mobile-panels-outdoor-led-display-market
Recent Developments
- In September 2021, BNZSA, the prominent B2B digital, data, and lead generation agency in Europe, has introduced a programmatic display offering. This innovative solution enables businesses to cultivate stronger connections with potential clients by leveraging technographic, firmographic, and intent data. Through programmatic display, brands can enhance brand awareness and showcase thought-leadership content to engage their target audience effectively.
- In June 2021, Simpli.fi, a renowned programmatic display advertising and agency management software provider, has entered into a partnership with Blackstone. As part of the collaboration, Blackstone has invested US$ 1.5 billion in Simpli.fi, acquiring a majority stake in the programmatic display agency firm.B
The Prominent Key Players Operating in the Global Mobile Panels Outdoor LED Display Market Include:
- JCDecaux (France)
- Lamar Advertising Company (U.S.)
- Clear Channel Outdoor Holdings, Inc. (U.S.)
- OUTFRONT Media (U.S.)
- Prismview LLC (U.S.)
- Daktronics (U.S.)
- NEC Display Solutions, Ltd. (Japan)
- Stroer SE & Co. KGaA (Germany)
- Broadsign International LLC. (Canada)
- oOh!media Ltd. (Australia)
- Mvix, Inc. (U.S.)
- Christie Digital Systems USA, Inc. (U.S.)
- Ayuda Media Systems (U.S.)
- Deepsky Corporation Ltd. (Hong Kong)
- Aoto Electronics Co., Ltd (China)
Above are the key players covered in the report, to know about more and exhaustive list of mobile panels outdoor LED display market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Mobile Panels Outdoor LED 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.
