Global LED Matrix Boards Outdoor LED Display Market, By Technology (Surface Mounted, Individually Mounted), Colour Display (Tri-Colour, Monochrome, Full Colour) – Industry Trends and Forecast to 2029.
LED Matrix Boards Outdoor LED Display Market Analysis and Size
LED matrix boards outdoor led display technologies have advanced and changed dramatically in the last few years. LED matrix boards outdoor led display are gaining popularity and finding applications in residential and corporate settings due to advanced and next-generation features such as infinity scalability, large mm pixel pitches, and sensible touch solutions.
Data Bridge Market Research analyses that the led matrix boards outdoor led display market which was growing at a value of 1.59 billion in 2021 and is expected to reach the value of USD 7.91 million by 2029, at a CAGR of 22.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
LED Matrix Boards Outdoor LED Display 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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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Surface Mounted, Individually Mounted), Colour Display (Tri-Colour, Monochrome, Full Colour)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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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.), and Daktronics (U.S.), NEC Display Solutions, Ltd. (Japan), Stroer S.E. & 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), and Aoto Electronics Co., Ltd (China)
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Opportunities
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Market Definition
LED matrix boards outdoor led display manufacturing technically entails the fabrication of LEDs of various colour wavelengths on printed circuit boards (PCBs). Dual-inline packaging (DIP) or surface mounting device packaging may be used (SMD). These screens are strong and resistant to sun, pollution, and moisture damage.
Global LED Matrix Boards Outdoor LED Display Market Dynamics
Drivers
Drivers
- Energy conservation around the world is augmenting market growth
The global led matrix boards outdoor led display market is booming, resulting in massive production of various outdoor LED displays. As a result, the quality standards for LED display screens are becoming more stringent and detailed. Outdoor LED displays provide numerous benefits in terms of superior features such as energy efficiency, environmental friendliness, and extra durability. Government initiatives encouraging energy efficiency are fuelling the adoption of outdoor LED displays in several countries around the world, including China, India, and the GCC nations.
- Growing promotional activities conducted by businesses and corporate organisations
The growing number of promotional activities conducted by businesses and corporate organisations contributes to the led matrix boards outdoor led display market. Most corporate organisations, businesses, and brands showcase themselves in order to increase their visibility. Some of these advertising activities include displaying advertisements on billboards and LED screens in streets and shopping malls. Consumer goods companies, for example, advertise their products on LED billboards in congested areas such as bus and train stations, contributing to the growth of the led matrix boards outdoor led display market.
Opportunity
In recent years, an increase in the number of sporting and musical events has fueled demand for outdoor LED displays. Sports arenas and open-air venues are ideal places for businesses to conduct branding and promotion campaigns.
Restraints
Higher investment costs and financial uncertainties will act as a restraint on the growth of the led matrix boards outdoor led display market during the forecast period.
This led matrix boards outdoor led display 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 LED matrix boards outdoor LED display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on LED Matrix Boards Outdoor LED Display Market
Many countries have imposed or continue to impose lockdowns in order to stop the spread of COVID-19. The supply chain of various markets, including the display market, has been disrupted as a result. Display manufacturers are facing challenges in manufacturing and supplying their products due to supply chain issues. Due to COVID-19, China is the worst-affected country in terms of display manufacturing. Manufacturers were only permitted to use 70% to 75% of their capacity, as opposed to the normal rate of 90% to 95%. Omdia Display, a Chinese display manufacturer, expects a 40% to 50% drop in overall display production due to a labour shortage, a lack of logistics support, and quarantine procedures.
Global LED Matrix Boards Outdoor LED Display Market Scope
The led matrix boards outdoor led display market is segmented on the basis of technology and colour display. 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.
Technology
- Surface Mounted
- Individually Mounted
Colour display
- Tri-Colour
- Monochrome
- Full Colour
LED Matrix Boards Outdoor LED Display Market Regional Analysis/Insights
The led matrix boards outdoor led display market is analysed and market size insights and trends are provided by country, technology and colour display as referenced above.
The countries covered in the led matrix boards outdoor led display market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominated the led matrix boards outdoor led display market due to growing number of sports activities along with infrastructure development across nation such as India and China.
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 LED Matrix Boards Outdoor LED Display Market Share Analysis
The led matrix boards outdoor led display 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 LED matrix boards outdoor LED display market.
Some of the major players operating in the LED matrix boards outdoor LED display 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. (Hong Kong)
- Aoto Electronics Co., Ltd (China)
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