Monochrome Outdoor LED Display Market Scope
The growing demand in various end-user industries will help to boost the global Monochrome Outdoor LED Display market in the forecasted period.The LED display screen is a display technology that uses a panel of light-emitting diodes as the light source. Monochrome Outdoor light-emitting diode (LED) displays are electric and electronic products that include LED billboards, mobile LED screens, LED video walls, perimeter LED displays, LED matrix displays. Monochrome Outdoor LED displays are available in different sizes, color display technologies, and resolutions as user requirements. Increasing demand for better resolution and affordable solutions is expected to drive the industry over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Daktronics (United States), Electronic Displays (United States), AESYS (Italy), Shenzhen Dreamway Technology (China), SHENZHEN LEDSINO OPTOELECTRONIC (China), Fonix LED (United Kingdom), Leyard Optoelectronic (United States) and ADI Group (United Kingdom) |
CAGR | 6.0% |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the synthetic fibers market. In addition, companies are focusing on increasing their client base to strengthen their market position and to enhance product offerings. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Monochrome Outdoor LED Display market throughout the predicted period.
Daktronics (United States), Electronic Displays (United States), AESYS (Italy), Shenzhen Dreamway Technology (China), SHENZHEN LEDSINO OPTOELECTRONIC (China), Fonix LED (United Kingdom), Leyard Optoelectronic (United States) and ADI Group (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Monochrome Outdoor LED Display market by Type , by Application (Perimeter LED Boards, Billboards, Mobile Panel, Video Walls, Traffic Lights and Other Matrix Boards) and Region with country level break-up.
On the basis of geography, the market of Monochrome Outdoor LED Display has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2021, LG Business Solutions, a company that provides commercial electronic solution launched outdoor LED displays with pixel ranging from 3.9 mm to 16 millimeters. The display has models named GSCA Versatile Series, GSCC Essential Series and GSCD Ultra-Light Series.
In April 2024, ViewSonic Corp., a leading global provider of visual solutions, has launched the LDC series—the world's first Customizable All-in-One mega LED displays. These innovative LED displays enable adaptable display configurations in various aspect ratios and sizes of up to 760 inches. Blending the size versatility of traditional LED displays with the convenience of an All-in-One integration, they are flexible in customized configurations while ensuring easy installation, operation, upkeep, and management functionality.
Influencing Trend:
Alternate LED Advertisement Designs, High Digital Sponsorships & Information Displays and Power Efficiency Feature
Market Growth Drivers:
Growing Demand across Multiple Applications and Rising Digital Advertisements
Challenges:
Rising Adoption of Displays and Online Advertising Methods
Restraints:
High Capital Investment for Fixed Installation of LED Displays
Opportunities:
Increasing Number of Sports and Music concerts Worldwide and Adoption of LED Screens at Movie Theaters in Emerging Economies
Key Target Audience
Monochrome Outdoor LED Display Manufactures, Monochrome Outdoor LED Display Distributors and Suppliers, Government Regulatory Bodies, Private and Government Research Organizations and Other