Albany, NY -- (SBWIRE) -- 12/16/2015 -- According to a new market report published by Transparency Market Research "LED Stadium Screens Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022", the global LED stadium screens market was worth more than US$1.1 bn in 2014 and is expected to reach US$1.9 bn by 2022, growing at a CAGR of 6.60% from 2015 to 2022. Europe was the largest market for LED stadium screens in 2014. Growth in this region is expected to be driven by rising promotional activities, brand advertising and increased demand for improved viewer experience through visual elements.

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The growing demand for LED screens, perimeter LED displays digital score boards in sports arena and stadiums and increasing size of sports venues has led to increased demand for LED displays. Stadiums hosting thousands of people require large, high-impact displays to engage the audience, communicate relevant information, and create a unique viewer experience. Stadium managers increasingly expect digital signage LED boards to be a central part of the spectators' experience. A large number of English football clubs have ongoing schemes to redevelop existing grounds, or to move to newly constructed stadiums. These new stadiums are planned to be equipped with LED screens to provide more visibility to the viewers. LED displays facilitate slow-motion replay, close-ups, giving the audience the perfect visual feast. Stadium LED displays are also used to broadcast live games and connect referee systems. Connecting these displays with referee systems maintain fair play, justice, and reduces unnecessary conflicts. Moreover, people around the globe follow some sport or the other. Sporting events are being broadcasted worldwide through television; this increases the visibility of the advertising boards, resulting in increased deployment of perimeter LED boards and ribbon displays in the stadiums. Another factor driving the market for LED screens is their refresh rate frequency. The refresh rates of these LED screens is up to 800 MHz; thus, there would be no static shown while broadcasting of sports on television and recorded by television camera. Thus, with high refresh rate frequency, stadium screens and sport displays provide flicker-free video images, including live video feeds.

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LED screens are a recurring revenue source for sponsors or operators. This revenue is achieved by encouraging promotional activities and brand advertising with the use of different LED displays present at sport venues. Multiple advertisements can be showed at once using LED displays with an improved horizontal viewing angle. Moreover, on a real-time basis, perimeter LED displays edit any advertisement, live streams, and perform any scoreboard function with ease in a controlled manner. In addition, LED displays allow sport venues to utilize their perimeter as a fan engagement platform purely for fans in the stadium to deliver club messages and promotions, localized advertising, and in-game statistics without compromising their broadcast advertising value. Due to all these advantages, the demand for LED stadium screens market is expected to soar significantly during the forecast period.

On the basis of type, the global LED stadium screens market is segmented into LED ribbon displays, LED video screens, perimeter LED displays and scoreboards and timing screens. In terms of revenue, in 2014, LED video screens was the major contributor in the market and accounted for around 68% of the overall LED stadium screens market. Moreover, LED video screens segment is expected to expand at a CAGR of 7.0% from 2015 to 2022.

In terms of technology, the market is segmented into individually mounted and surface mounted LED displays. In 2014, individually mounted LED display segment accounted for the largest revenue share of around 60% of the overall LED stadium screens market, globally. However, surface mounted LED display segment is expected to grow at fastest rate in terms of revenue in the LED stadium screens market during the forecast period from 2015 to 2022.

Geographically, Europe is the largest market for LED stadium screens globally and it is expected to maintain its dominant position throughout the forecast period. In 2014, Europe accounted for around 35% of the overall LED stadium screens market. However, Asia Pacific is expected to witness fastest growth during the forecast period. Asia Pacific, especially in terms of countries such as China, Japan, South Korea, India, Australia, and Singapore, offers several growth opportunities for the LED stadium screens market.

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The global LED stadium screens market, in current situation shows the presence of key players including Daktronics, Inc., EKTA Ltd., Barco N.V., Sony Corporation, Panasonic Corporation, Vegas LED Screens, Shenzhen Dicolor Optoelectronics Co., Ltd., Pro Display, Leyard Optoelectronic Co., Ltd., HS Sports Ltd., Mitsubishi Electric Corporation, Technovision srl, ADI Group, OR Rishon Digital, Euro Display srl, Bodet Sport, and Hunan Xinyasheng Technology & Development Co., Ltd.

The global LED stadium screens market is segmented as follows:

LED Stadium Screens Market Analysis, by Technology (Revenue)
Individually Mounted
Surface Mounted

LED Stadium Screens Market Analysis, by Color Display (Revenue)
Monochrome
Tri-color
Full-color

LED Stadium Screens Market Analysis, by Type (Revenue)
LED Ribbon Displays
LED Video Screens
Perimeter LED Displays
Scoreboards and Timing Screens

In addition, the report provides cross sectional analysis of the LED stadium screens market with respect to following geographical segments (Revenue):
North America
Europe
Asia-Pacific
Middle East and Africa (MEA)
Latin America

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