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Global LED Matrix Boards Outdoor LED Display Market – Industry Trends and Forecast to 2029

  • ICT
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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

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

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Technology (Surface Mounted, Individually Mounted), Colour Display (Tri-Colour, Monochrome, Full Colour)

Countries Covered

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

Market Players Covered

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)

Opportunities

  • increase in the number of sporting and musical events
  • branding and promotion campaigns

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The LED Matrix Boards Outdoor LED Display Market value is expected USD 7.91million by 2029.
The LED Matrix Boards Outdoor LED Display Market is expected to grow at a rate of market is 22.20% during the forecast period of 2022 to 2029.
On the basis of technology, the LED Matrix Boards Outdoor LED Display Market is segmented into Surface Mounted, Individually Mounted.
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.), 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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