About LED Rental
The global LED rental market is expected to witness a significant growth during the forecast period due to increasing demand for the high interactive digital signage systems and augmented quality of digital content. LED rental displays are adaptable by nature and can be arranged to serve a numerous different functions in small, medium and large setups. However, increasing adoption of online advertising and high price related to products are the factors hampering the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading LED rental players are focusing on strategic partnerships to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Chinese Players will contribute the maximum growth to Global LED Rental market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Leyard Optoelectronic Co. Ltd. (China), Unilumin (China), Liantronics (United States), Barco (Belgium), Absen Optoelectronic Co., Ltd. (China), Daktronics, Inc. (United States), SiliconCore Technology, Inc. (United States), Sansi (China), Elec-Tech International (China) and PixelFLEX LED (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ledman Optoelectronic Co. (China), Mary Photoelectricity (China) and Christie Digital Systems USA, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global LED Rental market by Type (LED Walls, Lighting and Other), Application (Stadium, Arena, Convention Centers and Other) and Region.
On the basis of geography, the market of LED Rental 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 Enterprise Size, the sub-segment i.e. SMEs will boost the LED Rental market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the LED Rental market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Narrow Pixel Pitch (NPP) LED Display Technology
Market Growth Drivers:
Increasing Demand for the High Interactive Digital Signage Systems and Augmented Quality of Digital Content
Challenges:
Increasing Adoption of Online Advertising
Restraints:
High Price of LED Rental Products
Opportunities:
Rising Indoor and Outdoor Promotional Activities
Market Leaders and their expansionary development strategies
In May 2022, Barco provides a range of products, including projectors, LED displays, image processing equipment, and collaborative visualization tools introduced a product or technology named "TruePix." This suggests a new and innovative offering in the field of LED video walls.
In October 2021, Barco India is a global technology company that specializes in visual display and imaging solutions broadened its range of innovative LED video walls with the introduction of the new IEX series.
Key Target Audience
Manufacturers of LED Rental, Suppliers of Raw Materials, Wholesalers, Distributors and Retailers of LED Rental, Governmental Bodies and Research Firms
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.