Albany, NY -- (SBWIRE) -- 03/18/2016 -- In its latest report, titled "LED Stadium Screens Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022," Transparency Market Research (TMR) provides a holistic overview of the key factors driving the global LED stadium screens market . Including exhaustive information pertaining to the market's prevailing dynamics and factors shaping its future outlook, the report makes for a resourceful guidebook for stakeholders seeking relevant information about the market.

Globally, the number of sporting events organized every year has exponentially increased. Thanks to the growing popularity of sports worldwide, these events attract advertisements from a plethora of industrial, manufacturing, and corporate entities, thus fuelling demand from the LED stadium screens market.

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Recently, the demand for LED displays has spiked substantially as stadiums look forward to satisfy the audience's demand for high quality and bright display. An LED stadium screen is a flat panel display providing video displays using light-emitting diodes as pixels. These stadium screens are deployed to give audiences a clearer, brighter, and bigger view of the sports events. LED stadium screens deliver high-resolution images and are put to rigorous tests before being marketed so that they are able to withstand the severe weather conditions they are often exposed to.

According to the report, the global LED stadium screens market, which in 2014 stood at US$1.1 bn, is anticipated to reach a valuation of US$1.9 bn by 2022. If the figures hold true, the market will exhibit a positive CAGR of 6.60% between 2015 and 2022.

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Stadiums hosting important sports tournaments require large and high-impact displays to engage audiences and communicate relevant information to create a unique viewer experience. Additionally, stadium managers expect outdoor digital signage to be the core to the spectator experience. Hence, an increasing number of football clubs and stadiums around the world are looking to invest on schemes to move to renovate stadiums and digitize them.

Installing LED displays help audiences gain a superior visual experience. The technology enables them to enjoy close-ups and slow motion replays while they are in the stadium. Stadium LED displays are also used to broadcast the ongoing game or concert live and they are easily connectible to referee systems, which reduces the chances of unnecessary conflicts pertaining to any complex decisions. Furthermore, with sporting events broadcasted across television channels, they have been attracting advertisements, which further boosts demand for LED stadium screens.

To provide a holistic overview of the market, the global stadium screens market has been segmented into perimeter LED displays, LED video screens, and LED ribbon displays. Of these, the LED video screens segment led the market with a share of over 68% in 2014 in terms of revenue. The segment is anticipated to exhibit a CAGR of 7.0% during the report's forecast period.

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Based on technology, the LED display segment dominated the market with a share of 60% in 2014. However, during the forecast period, the surface-mounted LED segment is likely to grow at the fastest pace. Regionally, Europe led the global LED stadium screens market in 2014, accounting for a share of over 35% in the market. "During the report's forecast period, Asia Pacific is most likely to exhibit the fastest CAGR, despite Europe currently being the leading market," said a lead TMR analyst. "Growing demand from countries such as India, South Korea, China, Japan, Singapore, and Australia will boost demand from the global LED stadium screens market," he added.

The global LED screens market is highly fragmented in nature, featuring the presence of a large number of players. A few of the prominent companies are profiled in the report to provide a thorough analysis of the market's competitive landscape. The companies profiled in the report include Barco N.V., Daktronics, Inc., EKTA Ltd., Vegas LED Screens, Sony Corporation, Shenzhen Dicolor Optoelectronics Co., Ltd., Panasonic Corporation, and Bodet Sport.

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

LED Stadium Screens Market Analysis, by Geography

North America
Europe
Asia-Pacific
Middle East and Africa (MEA)
Latin America

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