Asia-Pacific Digital Out Of Home (OOH) Advertising Market, By Location (Outdoor and Indoor), Product (Digital Billboard, Digital Screens, Digital Signage and Others), Application (Transit, Public Location Based, Street Furniture and Others), End User (Retail, Food & Beverages, Healthcare, Banking, Financial Services, and Insurance (BFSI), Public Sector, Government, Automotive, Education and Others) – Industry Trends and Forecast to 2030.
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Asia-Pacific Digital Out Of Home (OOH) Advertising Market Analysis and Size
Digital out of home advertising is one of the highest-growing advertising types owing to expansion into innovation, new venues and markets, and enhanced features in outdoor advertising. Moreover, the increasing demand for digital information and content relevant to travelers has resulted in interactive commercials through numerous modes of advertisement, such as billboards, Kiosks and Signboards, on the platform, contributing to a significant share in the overall market during the forecast period.
Data Bridge Market Research analyses that the digital out of home (OOH) advertising market was valued at USD 2488.92 million in 2022 and is expected to reach the value of USD 6951.76 million by 2030, at a CAGR of 13.70% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Asia-Pacific Digital Out Of Home (OOH) Advertising Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Location (Outdoor and Indoor), Product (Digital Billboard, Digital Screens, Digital Signage and Others), Application (Transit, Public Location Based, Street Furniture and Others), End User (Retail, Food & Beverages, Healthcare, Banking, Financial Services, and Insurance (BFSI), Public Sector, Government, Automotive, Education and Others)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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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. (China), and Aoto Electronics Co., Ltd (China)
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Market Opportunities
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Market Definition
Outdoor advertising, combining digital and offline components, is known as digital out-of-home advertising. Digital out of home (OOH) advertising is an appealing and interactive form of advertising supported by digital channels, elements and features and displayed in public areas at numerous locations. This provides creative and innovative content and it becomes more creative and interactive due to display of data in real-time on digital screens. Digital out of home (OOH) advertising is easily found in malls, healthcare facilities, and other locations.
Asia-Pacific Digital Out Of Home (OOH) Advertising Market Dynamics
Drivers
- Rising adoption of smart devices and increasing importance of digital marketing
Increasing demand for digital advertisements and growing adoption of smart devices among users are anticipated to drive the market's growth. The growing demand for advanced digital marketing tools by marketers and advertisers to ensure effective digital product advertising will increase the demand for the digital out of home (OOH) advertising among businesses. Now, companies are prioritising social media advertising which is based on user demographics to upsurge the conversion ratio of potential customers, which is anticipated to offer significant revenue opportunities to social media platforms through digital out of home (OOH) advertising.
- Rising demand of digital out of home (OOH) advertising in transit and transportation
The increasing adoption of the LCD screen in the buses, taxi or trains for displaying numerous advertisements on a single display is boosting the growth of the market. Furthermore, the growing preferences for public transportation such as trains and buses for day-to-day traveling by the consumer are the major which is expected to drive the growth of the market. Also, the increasing adoption of digital transit and transportation advertising for spreading awareness regarding products is likely to boost the market growth.
Opportunities
- High usage of digital out of home (OOH) advertising on airport
Airports are an attractive place for advertising, especially for luxury and top-tier products, among many modes of transportation. Airports are under growing pressure to find new and innovative techniques to generate growth revenue for the market. By converting static displays such as posters to digital presentations, airports may provide numerous sponsors instead of just one. This dramatically increases the revenue of the market.
- Improvement of the public transit system
Economists have observed physical infrastructure as a requirement for industrialization worldwide. Investments in the infrastructure are mainly important for technological adoption. These investments have progressively addressed that how to combine technological advancements with the sustainability principles. Transit system has gained support from all the government tiers to enhance mobility while maintaining economic competitiveness and to control urban congestion. Thus, the Improvement of the public transit system is expected to create lucrative opportunities for the market growth.
Restraints
- Strict government rule associated with digital out of home (OOH) advertising
Strict government regulations and rules regarding out of home advertising, data privacy and security, and, for instance General Data Protection Regulation (GDPR) will continue to hamper the growth of the digital out of home (OOH) advertising market during the forecast period.
This digital out of home (OOH) advertising market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital out of home (OOH) advertising market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact on Digital Out Of Home (OOH) Advertising Market
The outbreak of COVID-19 epidemic has adversely affected the digital out-of-home advertising market. Governments implemented numerous measures to try to contain the spread of virus, such as shutdowns, quarantines, travel bans and restrictions, and work-from-home orders around the world. These measures have impacted on operations and workforce of the out-of-home advertising industry, operations of raw material suppliers and behaviors of advertising customers and consumers. Furthermore, the ease of numerous restrictions and infrastructure development in developing markets is expected to drive market growth during the forecast period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In June 2022 - JCDecaux announced the introduction of its programmatic DOOH product in collaboration with VIOOH for the Brazilian market. JCDecaux can provide effective programmatic digital out-of-home campaigns to its customers on its premium screens across Brazil. VIOOH platform is ensuring that they get the most out of their media expenditures and helping brands in making meaningful connections with people.
- In April 2022 - Adani Airports provide Programmatic, which enabled Digital OOH Media through Lemma. Adani Enterprises Ltd has incubated Adani airports which is an aviation business. This company is a leader in transportation companies and integrated infrastructure and provides digital OOH media with programmatic advertising through its portfolio of airports in India.
Asia-Pacific Digital Out Of Home (OOH) Advertising Market Scope
The digital out of home (OOH) advertising market is segmented based on the location, product, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Location
- Outdoor
- Indoor
Product
- Digital Billboard
- Digital Screens
- Digital Signage
- Others
Application
- Transit
- Public Location Based
- Street Furniture
- Others
End User
- Retail
- Food & Beverages
- Healthcare
- Banking, Financial Services and Insurance (BFSI)
- Public Sector
- Government
- Automotivz
- Education
- Others
Digital Out Of Home (OOH) Advertising Market Regional Analysis/Insights
The digital out of home (OOH) advertising market is analyzed and market size insights and trends are provided by country, location, product, application and end user as referenced above.
The countries covered in the digital out of home (OOH) advertising market report are report China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China dominates the Asia-Pacific digital out of home (OOH) advertising market owing to the increasing growth of the retail industry and surging implementation of augmented reality (AR) in advertising sector. Furthermore, increasing focus toward the adoption of LCD displays or screens at bus shelter, railway stations, and others will further enhance the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital out of home (OOH) advertising Market Share Analysis
The digital out of home (OOH) advertising market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital out of home (OOH) advertising market.
Some of the major players operating in the digital out of home (OOH) advertising market are:
- 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. (China)
- Aoto Electronics Co., Ltd (China)
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