Efforts to Phase Out Conventional Lighting Give LED Technology an Opportunity to Capitalize
The increasing efforts made by the U.S. government to phase out conventional lighting systems and replace them with LED lighting systems is making its mark in every sphere, states Transparency Market Research. This has resulted in a drop in the prices of LED, steering the attention of consumers towards this technology and increasing its adoption in all the possible places. Stadiums, too, are making heavy investments in LED screens given their various advantages such as the ability to surface mount them amongst others. The growing trend of advertising via LED stadium displays is also propelling the usage of these screens.
The growing number of stadiums across the world, increasing live events and concerts, and the essential need to enhance the viewing experience are all expected to drive the global LED stadium screens market in the coming years. Analysts state that the opportunity in the global LED stadium screens market will be worth US$1.93 bn by the end of 2022 as compared to US$1.16 bn in 2014, expanding at a CAGR of 6.6% between 2015 and 2022. The rising investment in product innovation will also offer several growth opportunities to this market in the coming years.
Football Culture Gives LED Stadium Screens Market in Europe an Advantage
Europe leads the global LED stadium screens market as it nearly accounted US$400.1 mn in 2014 and is expected to reach US$625.8 mn by 2022. The high demand for LED screens across Italy, France, Poland, the U.K., Russia, and Netherlands is expected to drive the Europe LED stadium screens market.
The LED stadium screens market in this region is characterized by demand for customized features that will enable advertisers to display interactive messages. The phenomenal following of football that is played for the better part of the year is also contributing towards the growth of the Europe LED stadium screens market.
Infrastructural Developments in Asia Pacific to Drive LED Stadium Screens Market
Meanwhile, Asia Pacific is also expected to witness a steady growth of LED stadium screens market. This demand will be fueled by ongoing infrastructural developments and rising sporting activities. The development of stadium infrastructure in emerging countries of Japan, Taiwan, India, and China is expected to create tremendous potential for this market in the near future. This regional market will also be driven by the strong presence of leading manufacturers and strong distribution channels.
Surface Mounted Technology to be Most Preferred
In terms of technology, the surface mounted technology segment is expected to progress at the fastest CAGR of 7.7% in the forecast period. Out of the color display segments, full-color LED displays formed the leading segment and will continue in this position due to their increasing applications in arenas and stadiums across the world.
Some of the leading players studied in this research report are Bodet Sport, Daktronics, Inc., Sony Corporation, Panasonic Corporation, Euro Display srl, Leyard Optoelectronic Co., Ltd., Shenzhen Dicolor Optoelectronics Co., Ltd., Pro Display, Mitsubishi Electric Corporation, Hunan Xinyasheng Technology & Development Co., Ltd., and Technovision srl. To gain a competitive edge in the fragmented competitive landscape, players will focus on product differentiation and innovation through investments in research and development. Furthermore, companies will also try to expand their businesses in emerging regions of India and Central and South America amongst others.
This report aims to provide a comprehensive strategic analysis of the global LED stadium screens market along with revenue and growth forecasts for the period from 2013 to 2022. The demand for improved viewer experience through visual elements, a rising number of stadiums and sports activities, and the advanced features of LED screens (such as low power consumption, long life, high brightness, large viewing angle, and high return on investments) are major factors influencing the LED stadium screens market. In every sport, the need to make important data available to the spectators’ scoreboard is very important, from cricket, soccer, and hockey to court games. LED displays, such as perimeter LED boards, ribbon displays, and scoreboards are actively used today. Brand calibration system offered by LED technology facilitates consumer with perfect video and enhanced graphical performance. This proves to be the key driving factor for the wide deployment of LED screens in stadiums and arenas.
This research study on the global LED stadium screens market provides a detailed analysis of how stadiums and arenas in different regions use LED screens to enhance visual experience and advertise. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2015 to 2022. The report includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the LED stadium screens market. It provides the competitive landscape of key players in the LED stadium screens market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the LED stadium screens market and identifies various business strategies adopted by them. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the LED stadium screens market.
On the basis of technology, the LED stadium screens market is segmented into individually mounted and surface-mounted LED screens. Based on the color display, the market is segmented into monochrome, tri-color, and full-color LED screens. Furthermore, on the basis of type, the market is segmented into LED ribbon displays, LED video walls, scoreboards and timing screens, and perimeter LED displays. The report aims to provide a comprehensive, cross-sectional analysis of the LED stadium screens market across major geographies such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
The report includes an overview of the market strategies, annual revenues, and the recent developments of key companies operating in the market. The key market participants profiled in this study include Daktronics, Inc., EKTA Ltd., Barco N.V., Sony Corporation, Panasonic Corporation, Vegas LED Screens, Shenzhen Dicolor Optoelectronics Co., Ltd., Pro Display, Leyard Optoelectronic Co., Ltd., HS Sports Ltd., Mitsubishi Electric Corporation, Technovision srl, ADI Group, OR Rishon Digital, Euro Display srl, Bodet Sport, and Hunan Xinyasheng Technology & Development Co., Ltd.
LED Stadium Screens Market Analysis, by Technology (Revenue)
- Individually Mounted
- Surface Mounted
LED Stadium Screens Market Analysis, by Color Display (Revenue)
LED Stadium Screens Market Analysis, by Type (Revenue)
- LED Ribbon Displays
- LED Video Screens
- Perimeter LED Displays
- Scoreboards and Timing Screens
In addition, the report provides cross sectional analysis of the LED stadium screens market with respect to following geographical segments (Revenue):
- North America
- Middle East and Africa (MEA)
- Latin America