Global Traffic Lights Outdoor LED Display Market, By Type (Surface Mounted, Individually Mounted), Color Display (Tri-Color, Monochrome, Full Color) – Industry Trends and Forecast to 2029.
Traffic Lights Outdoor LED Display Market Analysis and Size
The growing importance of displaying advertisements, promotions, marketing, and messages in public places is driving up demand for outdoor LED displays to display the content. Traffic light outdoor LED displays are in high demand these days for displaying content.
Data Bridge Market Research analyses that the traffic lights outdoor LED display market which was growing at a value of 7.08 billion in 2021 and is expected to reach the value of USD 40.09 billion by 2029, at a CAGR of 24.20% during the forecast period of 2022-2029. 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.
Traffic Lights Outdoor LED Display Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
By Type (Surface Mounted, Individually Mounted), Color Display (Tri-Color, Monochrome, Full Color) |
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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 |
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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 Limited. (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
The market for outdoor LED displays is defined as lighting sources used for illuminating or lighting in the outdoor space. These lighting solutions are highly energy-efficient, have a longer lifespan than traditional lighting solutions, and have a lower environmental impact.
Global Traffic Lights Outdoor LED Display Market Dynamics
Drivers
- Energy efficiency and low operating costs
Traffic lights outdoor LED displays have several built-in advantages, including exceptional readability, light in a much narrower spectrum than other illumination sources, energy efficiency, low operating costs, and long life. These will be expected to reduce electronic power losses and increase market usage of competently used outdoor LED displays. Furthermore, using outdoor LEDs for advertising, promoting sporting events and brands, and other types of events is a highly innovative and cost-effective method of promoting these types of events.
- Growing importance of digital promotion of product and services
The growing emphasis on digitised promotion of products and services to engage audiences and extract maximum effectiveness from marketing messages is providing the market with lucrative growth opportunities. Aside from that, market participants are introducing premium versions of outdoor LED displays in a variety of formats for various stadium and outdoor venue applications. These displays provide strong performance with exceptional image quality, which is expected to positively impact the market.
Opportunity
The demand for outdoor LED displays is rapidly increasing as manufacturers deliver technologically advanced products with network connectivity to effectively manage content displays. The popularity of outdoor LED displays is rapidly growing due to their thin, lightweight, and high-quality image display characteristics.
Restraints
High installation, high initial investments, and volatile demand are the major factors acting as restraints, and will continue to challenge the traffic lights outdoor LED display market during the forecast period.
This traffic lights 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 traffic lights 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.
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 Traffic Lights Outdoor LED Display Market
The COVID-19 pandemic has had a negative impact on the outdoor LED display market, as a large portion of the global workforce is working from home. This has LED to a decrease in advertising spending, which has reduced demand for outdoor LED displays. Although the COVID-19 pandemic has temporarily halted field work on several major projects, the market is expected to remain robust, with cumulative shipments remaining marginally unaffected over the next three years beginning in 2020. The COVID-19 outbreak has had an impact on the global outdoor LED display market. New projects around the world have been halted, affecting demand in a variety of industries such as manufacturing, industrial, and retail. Although market participants faced minimal impact in terms of procuring raw materials, time and shipping costs remained a major concern.
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
- BNZSA, Europe's leading I.T. B2B digital, data, and lead generation agency, announced the launch of programmatic display in September 2021, which will allow consumers to deepen relationships with potential clients by using technographic, firmographic, and intent data to promote brand awareness and thought-leadership content.
- Blackstone announced partnerships with Simpli.fi, a leading programmatic display advertising and agency management software, in June 2021. The company made a US$ 1.5 billion investment in the latter programmatic display agency firm, accounting for a majority stake.
Global Traffic Lights Outdoor LED Display Market Scope
The traffic lights outdoor LED display market is segmented on the basis of type 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.
Type
- Surface Mounted
- Individually Mounted
Colour display
- Tri-Colour
- Monochrome
- Full Colour
Traffic Lights Outdoor LED Display Market Regional Analysis/Insights
The traffic lights outdoor LED display market is analysed and market size insights and trends are provided by country, type and colour display as referenced above.
The countries covered in the traffic lights 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 dominates the traffic lights outdoor LED display market due to an increase in the number of sports activities and infrastructure development in emerging nations 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 Traffic Lights Outdoor LED Display Market Share Analysis
The traffic lights 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 traffic lights outdoor LED display market.
Some of the major players operating in the traffic lights 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 Limited. (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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