Outdoor LED Display Market Outlook 2024 – Sony, Panasonic, LG Electronics, Qingdao Haier, Koninklijke Philips, Innolux, Hisense Group, AU Optronics, BOE Technology Group & more

Outdoor LED Display Market, Outdoor LED Display Market trend, Outdoor LED Display Market analysis, Outdoor LED Display Market forecast

MarketStudyReport.com Adds New Outdoor LED Display Market 2016 – 2024 research report providing information and data By Application, By Technology, By Color Display, Industry Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast spreading across 100 Pages with table and figures in it.

Outdoor LED Display Market size is forecast to exceed USD 22.4 billion by 2024. Increased demand for sophisticated applications such as advertising boards, video walls, stadium screens, perimeter boards and scoreboards is anticipated to propel outdoor LED display market size from 2016 to 2024. Corporate brands opt for these devices owing to various benefits such as brightness, HD resolution, pitch, good pixel, durability, portability and energy efficiency.

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Surface mounted technology is projected to grow with 26.5% CAGR from 2016 to 2024. Rising prominence of these devices may offer tough competition to conventional systems in the coming years. Advent of projector as well as LCD technology is anticipated to negatively impact demand. However, rising preference for energy efficient device, evolving screen dynamics and low operating costs may fuel outdoor LED display market share for various advertisement and sports events.

Electronic signs used in billboards display multiple messages, and these messages can be changed either remotely or by programming the display on the site. Growing demand for electronic billboards over printed billboards with rising number of advertisements will be responsible for driving outdoor LED display market size. As the cost of billboards continues to decrease, growth in developing economies could boost sales significantly.

Advertising boards, stadium screens, perimeter boards, scoreboards, and video walls are set to witness growth. Higher awareness about the advantages of these panels, increasing high-tech infrastructure demand and rising number of sports activities will fuel mobile panels revenue.

Features such as high cost-effectiveness, incredible visibility and dynamic content will drive growth in the billboards segment. Traffic lights accounted for more than 11.5% of the global outdoor LED display market share and is forecast to be valued over USD 1.95 billion by 2024. Growth in the segment can be dedicated to attributes such as ability to readily adopt to power supply changes, high energy efficiency and low maintenance cost.

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Individually mounted technology was valued at USD 1.46 billion in 2015. Brighter illuminated display, minimal heat generation, and longer life is forecast to encourage retailers as well as commercial builders to adopt this technology.

China outdoor LED display market size will drive revenue in Asia Pacific, which was estimated at USD 1.18 billion as of 2015. Regional growth can be credited to swift infrastructural development and increasing sports activities across emerging economies such as China and India.

North America accounted for over 19% of the revenue generated. Rising technology implementation in various locations including The Boardwalk and Times Squar is anticipated to propel demand through 2024. Bus stops and train stations are set to witness high deployment of interactive screens.

Key industry participants are Sony, Panasonic, LG Electronics, and Toshiba. Other prominent playres include Sharp, Samsung Display, Qingdao Haier, Koninklijke Philips, Innolux, Hisense Group, AU Optronics, and BOE Technology Group

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Outdoor LED Display Industry Insights

Chapter 4. Outdoor LED Display Technology Insights

Chapter 5. Outdoor LED Display Application Insights

Chapter 6. Outdoor LED Display Color Display Insights

Chapter 7. Outdoor LED Display Regional Insights

Chapter 8 Company Profiles

For More Details On this Report: https://www.marketstudyreport.com/reports/outdoor-led-display-market

Related Report:

United States Outdoor LED Display Market Report 2017

In this report, the United States Outdoor LED Display market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-outdoor-led-display-market-report-2017/?utm_source=RR-PSR

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Posted by on Saturday September 15 2018, 3:15 PM EST. All trademarks acknowledged. Filed under Business Services, Consumer Electronics, Featured Press Release, Media, Technology Hardware & Equipment. Comments and Trackbacks closed. Follow responses: RSS 2.0

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