Growing demand for LED displays in outdoor advertisement and broadcasting live events has led to increasing demand for outdoor LED displays market. Factors such as enhanced features of LED displays, rising number of sports events, live concerts and corporate exhibitions across the globe, are increasing the uptake of outdoor LED displays in industries such as advertising and sports. Moreover, the companies in this market have started providing end-to-end solutions to their customers, i.e. from manufacturing the displays to installing them on site and offering after-sales services.
Enhanced features of LED displays include long life, energy efficiency, environment friendliness and low operational cost. These features encourage advertisers to use LED displays for outdoor purposes. Technological innovation has enabled the manufacturers in this market to develop interactive LED displays and 3D displays for outdoor purposes. This is expected to serve as a potential opportunity for several players to enter into the market. However, the initial price of such LED displays for the customers is very high, which acts as a restraint for the growth of this market. The impact of this restraint is expected to reduce over the forecast period due to reduction in the prices of LED displays.
In 2013, the LED billboards segment led the total market in terms of revenue share, followed by the market for perimeter LED boards. The dominance of LED billboards is attributed to the rising number of advertising campaigns from various corporate brands across the globe. The use of perimeter LED boards is growing due to increasing number of sports stadiums in various geographies. Further, on the basis of LED mounting technology, the market is currently dominated by individually mounted outdoor LED displays. However, over the coming years, surface mounted display technology is expected to compete strongly with the individually mounted displays segment in terms of market share.
The full color outdoor LED displays segment dominated the market amongst the various types of color displays in 2013 and is expected to continue to lead throughout the forecast period. Full color outdoor LED displays possess the ability to display high quality images, animations and videos. Companies are increasingly focusing on developing full color outdoor LED displays using surface mounted LED display technology. These displays are widely used in advertising brands from various industries such as automobile, FMCG, food and beverages, textile, and sports and entertainment. The use of other color display types, such as monochrome and tri-color outdoor LED displays, is expected to grow in applications such as digital signage and scoreboards.
In 2013, Europe was the largest market in terms of revenue followed by North America. However, the Asia-Pacific market for outdoor LED displays is expected to show the highest growth over the forecast period. This is due to the rising number of sports activities and infrastructural development in emerging economies such as China and India. Additionally, developing countries in Rest of the World (RoW) such as Brazil and Argentina are expected to witness rise in demand for monochrome and tri-color outdoor LED displays from the advertising industry. This is due to the fact that these displays are cheaper than full color LED displays that makes them more affordable in price-sensitive emerging markets.
The global market for outdoor LED displays is highly competitive in nature with leading players such as Daktronics, Inc., Toshiba Corporation, LG Electronics, Electronics Display Inc., Barco N.V., Panasonic Corporation, Shenzhen Dicolor Optoelectronics Co. Ltd., Sony Corporation, Leyard Optoelectronic Co. Ltd., Lighthouse Technologies Ltd., and Data Display Co. Ltd. among others dominating the market. The dominance of these companies is expected to be weakened over the forecast period due to increasing number of Chinese manufacturers in this market.
Light emitting diodes (LED) displays are flat panel displays used for outdoor applications. Outdoor displays include billboards, store signs, advertising boards, stadium scoreboards, rental screens, video walls and traffic lights. Outdoor LED displays are being increasingly used in public transport vehicles, destination signs and as a part of transparent glass areas. Discrete LED and surface-mounted device LED are two types of mounting technologies used in producing outdoor displays. These displays are produced in a range of colors and with proper mixing schemes, which generate a number of colors. LED displays are available in three forms, namely, monochrome display, tri-color display, and full color display.
Appropriate locations for large outdoor LED displays are selected based on factors such as local authority planning requirement, line of sight, vehicular access, power and overhead obstructions. Outdoor LED displays enable end-users to carry out uninterrupted advertising. Hence, they are being increasingly deployed in shopping malls, car showrooms, real estate offices, and retail outlets.
The research study titled “Outdoor LED Displays (Applications – LED Billboards, Perimeter LED Boards, LED Mobile Panels, LED Traffic Lights, LED Video Walls and Other LED Matrix Boards) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” provides in-depth analysis of the market and related sub-segments. The report strategically focuses on market segments such as outdoor LED display’s applications, technologies and color displays. In addition, this report provides market insights and data about the size and growth of each segment. The report includes detailed analysis of prevalent market trends and also company profiles of key players. To provide better understanding of the competition in the market, the report provides competitive analysis of dominant companies in the market, value chain analysis, Porter’s five forces model analysis and market attractiveness analysis. The study on the global outdoor LED displays market has been conducted with an objective of providing thorough coverage of the underlying technological and economic issues driving the outdoor LED displays market.
The outdoor LED displays market is expected to foresee continuous growth in the coming years due to enhanced features of LED displays such as energy efficiency, environment friendliness and durability encouraging the customers to use LED screens for outdoor displays. Additionally, rising number of sports activities across the globe and promotional activities of corporate brands encourage the promoters to advertise their products using outdoor LED displays such as LED video walls, LED billboards and perimeter LED boards. The companies operating in this market are offering end-to-end solutions to their customers, i.e. from manufacturing LED displays to installation at site, and offer after-sales services. The companies are focused on offering products not only as an individual good but also as a project solution.
The report aims to provide a comprehensive overview of market data and trends in North America, Europe, Asia-Pacific and Rest of the World (RoW) for emerging outdoor LED display technologies. The report identifies factors driving and restraining growth and future business opportunities in the global outdoor LED displays manufacturing business.
The report also provides a section on the competitive landscape, wherein the market share analysis of leading players of the global outdoor LED displays market, in terms of percentage share in 2013 has been discussed. The report concludes with detailed profiles of major players in the global outdoor LED displays market such as Daktronics, Inc., Toshiba Corporation, LG Electronics, Electronics Display Inc., Barco N.V., Panasonic Corporation, Shenzhen Dicolor Optoelectronics Co. Ltd., Sony Corporation, Leyard Optoelectronic Co. Ltd., Lighthouse Technologies Ltd., and Data Display Co. Ltd.
The global outdoor LED displays market is segmented as follows:
Outdoor LED Displays Market, by Application
- LED Billboards
- Perimeter LED Boards
- LED Mobile Panels
- LED Traffic Lights
- LED Video Walls
- Other LED Matrix Boards
Outdoor LED Displays Market, by Technology
- Individually Mounted Outdoor LED Displays
- Surface Mounted Outdoor LED Displays
Outdoor LED Displays Market, by Color Display
- Monochrome Outdoor LED Displays
- Tri-color Outdoor LED Displays
- Full Color Outdoor LED Displays
Outdoor LED Displays Market, by Geography
- North America
- Rest of the World (RoW)