Outdoor LED displays use a range of light-emitting diodes (LED) to display computer-programmed text and images that can be easily edited and updated through suitable supporting software. Outdoor LED displays market consist of LED display products such as mobile LED screens, LED billboards, LED video walls for indoor/outdoor applications, perimeter LED displays, and LED matrix displays. LED displays are used across airports, TV studios, bus stations, shopping centres, sports stadiums, for concerts & live events, and on street promotion. Outdoor LED displays are produced in a wide range of colours, which are commercially available in three forms- tri-color display, monochrome display, and full-color display.
Less power consumption, enhanced resolution, and low maintenance are the key factors responsible for the growth of the global outdoor LED display market. The growing customer preference towards advertising through outdoor displays is driving the demand for LED billboards and LED mobile screens in the developed nations. Receding price of wide viewing angle outdoor LED displays along with increasing competition in both rental and installed market will further augment the growth of the global outdoor LED display market.
Surface Mounted Outdoor LED Display Lights to Register Robust Growth during 2015-2021
On the basis of application, the global outdoor LED display market has been categorized into LED billboards, perimeter LED boards, LED mobile screens, LED video walls, and other LED matrix displays. Modular LED panels are a major sub-segment of LED video walls. Modular LED panels have been further classified into indoor and outdoor modular screens.
In 2014, the LED billboard segment was valued at US$ 2,427.9 mn, and is projected to be worth US$ 2,847.8 mn by the end of 2015. The LED video walls segment stood at a valuation of US$ 807.8 mn in 2014, and is expected to reach US$ 948.2 mn by the end of 2015. Taking into consideration the rental market for outdoor LED displays, the LED billboard segment was valued at US$ 2,158.3 mn and is expected to reach US$ 2,550.7 mn by 2015. The LED video walls segment for rental outdoor LED displays market was worth US$ 1,562.9 mn and is anticipated to reach US$1,845.4 mn by the end of 2015.
For the rental market, the surface mounted segment was worth US$2,621.4 mn in 2014. The segment is estimated to exhibit a robust CAGR of 17.7% during the period between 2015 and 2021. The growing adoption of surface mounted outdoor LED displays in Europe and North America has fuelled the demand from the segment.
Browse the full Global Installed and Rental Outdoor LED Displays Market report at http://www.mrrse.com/outdoor-led-display-market
North America and Europe are Major Markets for Outdoor LED Display Lights
The global outdoor LED display market has been segmented into six key regions: Latin America, North America, Eastern Europe, Western Europe, Asia Pacific, and Middle East and Africa. Increased adoption of surface mounted outdoor LED displays across Western Europe and North America have propelled the growth of these regional LD display markets. In the near future, the demand for outdoor LED display lights is expected to surge across Asia Pacific.
Key Players in Global Outdoor LED Display Market
Some of the key players operating in the global outdoor LED display market are Panasonic Corporation, Barco N.V, Daktronics Inc., LG Electronics, Sony Corporation, Toshiba Corporation, Leyard Opto Electronics Pvt. Ltd., EKTA Ltd., and Electronic Displays Inc.