About LED Display
The growing demand in various end-user industries will help to boost the global LED (light-emitting diode) display market during the forecasted period. The LED display screen is a display technology that uses a panel of light-emitting diodes as the light source. Increasing adoption of LED displays in the retail industry impelling the growth of the market. For instance, recently H&M adopt digital signages to enhance customer engagement. Moreover, growing demand from the developing economies expected to boost market demand during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.12% |
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 market position and to enhance product offerings. Analyst at AMA Research estimates that Japan Manufacturers will contribute the maximum growth to Global LED Display market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Barco N.V (Belgium), Sony Corporation (Japan), Panasonic Corporation (Japan), LG Electronics (South Korea), Daktronics Inc. (United States), Toshiba Corporation (Japan), Samsung (South Korea) and Mitsubishi Electric (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global LED Display market by Type (Conventional LED Display and Surface Mounted LED Display), Application (Backlighting [Television, Laptops, Mobile, Smartphones, PC Monitors, Others] and Digital Signage [Outdoor Signage, Indoor Signage]) and Region.
On the basis of geography, the market of 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). If we see Market by Display Technology, the sub-segment i.e. Monochrome LED Displays will boost the LED Display market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Applications of Outdoor LED Display for Promotional Campaigns and Technological Advancement towards Development of Energy-Efficient LED Displays
Market Growth Drivers:
Increasing Demand for Outdoor Digital Signages and Increasing Application in the Music Concerts and Sports Tournaments
Challenges:
Emergence of Projectors and Screenless Displays and Development of LED Displays Suitable for Adverse Environmental Conditions
Restraints:
Increasing Demand for Online Advertisement
Opportunities:
Growing Demand from Multiplexes and Shopping Malls and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
16th September 2019, Barco, projector manufacturer and visualization firm announced a strategic partnership with Unilumin, a major LED manufacturer firm in China.
In August 2023, Samsung has launched a sleek micro-LED display in India with a screen size of 110 inches.It claims to feature 24.8 million micrometre-sized ultra-small LEDs, offering an immersive experience with improved depth, colours, clarity and contras. The display is crafted from sapphire material and is equippe, with a Micro AI Processor, 3-layer OTS Pro audio feature, and supports Dolby Atmos and 3D surround sound via the added.
Key Target Audience
LED Display Manufactures, LED Display Distributors and Suppliers, Government Regulatory Bodies, Private and Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.