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Outdoor LED Display Market Analysis By Application

Outdoor LED Display Market Analysis By Application (Billboards, Perimeter Boards, Mobile Panels, Traffic Lights, Video Walls, LED Matrix Boards), By Technology (Individual Mounted, Surface Mounted), By Color Display (Monochrome, Tri-Color, Full Color) And Segment Forecasts To 2022

Industry Insights

The outdoor LED display market was estimated at over USD 1.6 billion in 2014. Increasing demand for better resolution and affordable solutions is expected to drive the industry over the forecast period. The industry is characterized by rising trend towards interactive media. The technology enables end-users to carry out uninterrupted advertising, thereby, growing deployment in real estate offices, car showrooms, retail outlets, and shopping malls.

Key features such as environmental friendliness, durability, impact resistance, and energy efficiency are expected to fuel outdoor LED display industry growth. Further, growing number of sports activities combined with increasing promotional activities of corporate brands have encouraged promoters to advertise their applications, which is projected to boost growth over the next seven years.

Varied government initiatives and stringent norms regarding emissions are anticipated to offer prominent growth opportunities by 2022. For instance, the Government of India has initiated varied pilot programs for encouraging the usage of LED streetlights for local civic bodies and municipalities for parks, roads and parking areas. However, higher cost as compared to traditional LCDs and lack of availability of raw materials can act as a restraint for the industry.

Europe outdoor LED display market, by application, 2012-2022, (USD Million)
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Application Insights

Applications analyzed in the study include perimeter boards, billboards, mobile panel, video walls, traffic lights, and other matrix boards. LED billboard market accounted for over 40% of the overall demand in 2014. Rise in advertising campaigns by varied corporate brands is estimated to boost the segment growth.

Growing popularity of sports has led to the construction of several new stadiums and upgrade of the existing ones, which is estimated to drive perimeter board market demand.

Technology Insights

The industry can be bifurcated by technology into individual and surface mounted technology. Surface mounted technology is expected to grow at a CAGR of over 20% by 2022. Increase in demand for large screens with high viewing distance is encouraging commercial builders and retailers to adopt individual mounted technology. They have longer lifespan and generate less heat as compared to traditional devices resulting in reduced energy loss. Additionally, it produces brighter illuminated displays which offer greater readability than conventional billboards and signs.

Color Display Insights

The market includes monochrome, tri and full color displays. Full color outdoor LED display market size exceeded USD 900 million in 2014 and is expected to grow at a significant rate owing to its ability to present videos, images, and animation of superior quality.

It finds application across various end-use industries such as sports, entertainment, textile, automobile, FMCG, and food and beverages. Further, growing demand for high sophistication even in basic consumer-oriented applications is expected to propel demand.

Regional Insights

Asia Pacific outdoor LED display market is expected to emerge as a prominent region due to the rise in investments by established companies for improving viewer experience and surge in promotional and sports activities.

North America outdoor LED display market is estimated to exhibit growth owing to its high demand for customized solutions and use of the technology across various prominent streets including Times Square in New York, The Boardwalk in Atlantic City and The Strip in Las Vegas.

 

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