Global Stage LED Screen Market Overview:
A stage LED display is essentially a huge screen that is attached to the rear of a stage and can play videos or display images, serving as the stage's movable backdrop. Despite just acting as a background, stage LED displays have become more and more common over time, regardless of whether the location is indoors or outside. More and more venue owners and performers are choosing to use stage LED displays for their performances due to their overall cost-savings maintenance, customizability, and the artistic tension they provide.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand for Better Resolution & Affordable Solutions, Growing Deployment in Real Estate Offices, Showrooms, Retail Outlets, and Malls among Others and Growing Number of Sports Activities
Market Growth Drivers:
Increased Digital Advertisement, High Digital Sponsorships and Information Displays and Power Efficiency Features
Challenges:
Inflation and Money Devaluation Keeps the Cost of FOP (Factors of Production) Staggering and Forex Fluctuation in International Procurement of Raw Material
Restraints:
High Installation & Initial Cost and Growing preference of consumers toward online advertisement through various social media platforms
Opportunities:
Alternate LED Advertisement Designs and Varied Government Initiatives and Stringent Norms Regarding Adoption of LED
Competitive Landscape:
Global stage LED screen is a fragmented market due to the presence of various players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Sony (Japan), Samsung Electronics (South Korea), Daktronics (United States), Data Display (Ireland), Panasonic (Japan), Barco (Belgium), ROBE (Czechia), Vegas LED Screens (United States), Mitsubishi Electric (Japan), Absen (China), Liantronics (China), Lighthouse (Australia) and Leyard (China). Considering Market by Distribution Channels, the sub-segment i.e. Online will boost the Stage LED Screen market. Considering Market by Display, the sub-segment i.e. Monochrome will boost the Stage LED Screen market.
Latest Market Insights:
In August 2022, Sony acquired mobile game developer Savage Game Studios. The financial terms of the deal were not disclosed. Savage Game is joining a newly created PlayStation Studios Mobile Division, which will focus on creating games based on new and existing PlayStation IP.
In January 2021, LG Business Solutions, a company that provides commercial electronic solutions launched outdoor LED displays with pixels ranging from 3.9 mm to 16 millimeters. The display has models named GSCA Versatile Series, GSCC Essential Series, and GSCD Ultra-Light Series.
What Can be Explored with the Stage LED Screen Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Stage LED Screen Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Stage LED Screen
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Stage LED Screen market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Stage LED Screen market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Stage LED screen Providers, Event management, Potential Investors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.