According to the latest market report published by Persistence Market Research, titled “Global Market Study on Outdoor Led Displays: Asia Pacific to Witness Highest Growth by 2021 in Installed As Well As Rental Market.”, the outdoor LED displays installed market is estimated to be valued at US$ 6,477.1 Mn by the end of 2015 and is anticipated to expand at a CAGR of 15.9% from 2015 to 2021, to account for US$ 15,705.7 Mn by 2021. The report on Global Outdoor LED Displays market covers installed and rental market.
New York, NY -- (SBWIRE) -- 01/27/2016 -- Outdoor LED displays market report covers installed as well as rental market. It comprise of LED display products such as LED billboards, mobile LED screens, perimeter LED displays, LED video walls for indoor/outdoor applications, and LED matrix displays. Outdoor LED displays are offered in various sizes, color display technologies and different resolutions as per end-user demand and are used at TV studios, airports, aboard trains, at bus stations, retail stores & shopping centers, sports stadiums & arenas, for concerts & live events, building facades, and streets, among others. The report: Global outdoor LED displays market covers installed and rental market.
The global outdoor LED displays market is anticipated to grow from US$ 5,560.9 Mn in 2014 to US$ 15,705.7 Mn by 2021, expanding at a CAGR of 15.9% during the forecast period (2015–2021) for the installed market. Increasing number of advertisements and brand promotion activities globally is driving the market growth. Increase in demand for better clarity and high viewing experience is the one of the primary factors increasing the adoption of outdoor LED displays.
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In 2014, the LED billboard segment was valued at US$ 2,427.9 Mn, and is expected to create US$ 2,847.8 Mn by the end of 2015 for the installed market. The LED video walls segment was valued at US$ 807.8 Mn in 2014, and is expected to reach US$ 948.2 Mn at the end of 2015 for the installed market. Considering 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 the end of 2015. The LED video walls segment for rental outdoor LED displays market was valued at US$ 1,562.9 Mn and is expected to reach US$1,845.4 Mn by the end of 2015.
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In 2014, surface mounted segment was valued at US$ 2,621.4 Mn for the rental market. The segment is expected to expand at a CAGR of 17.7% over the forecast period. Increased adoption of surface mounted outdoor LED displays at conference rooms and halls in the developed regions such as Western Europe and the U.S is one of the primary factors driving the market for surface mounted technology segment.
Key players in the global outdoor LED displays market include Barco N.V, Panasonic Corporation, Daktronics Inc., Sony Corporation, LG Electronics, Toshiba Corporation, EKTA Ltd., Leyard Opto Electronics Pvt. Ltd., and Electronic Displays Inc.
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