U.S. outdoor LED displays market will be valued for more than USD 2.5 billion by 2024, driven by growing implementation of LEDs across prime locations (Times Square and the Broadwalk). The deployment of interactive screens embedded with 3D technology at bus and train stations and the demand for custom-made solutions will also fuel industry growth over 2016-2024.
Global outdoor LED displays market is fiercely competitive and leading providers are continuously engaged in imperative strategies to gain an edge over one another. Increasing R&D investments remain a prime growth tactic to enhance displays efficiency and readability. In addition, companies are striving to innovate products by increasing their longevity, internal capacity, and color displays.
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Growing inclination of established corporate brands to advertise products with LED displays will positively boost outdoor LED displays market size. Rising demand for billboards with wireless connections (for regularly changing content) and high resolution displays for scoreboards, hoardings, stadium screens, etc., will fuel the industry trends. Market players often engage in product innovation to be able to cater to corporate demands. For instance, Panasonic, which is already an official partner of the Rio 2016 Olympics and the Rio 2016 Paralympics, recently announced that the company will supply large outdoor LED displays systems to the Live Site, an outdoor entertainment area in Rio de Janeiro, to enhance the audience experience of viewing the Games.
LED displays are manufactured with the help of PCBs, PBBs, LED tiles, LED lights, data collectors, driver chips, cabinets, and back covers. With advertising gaining high ground for company expansion, corporations are vying with one another to advertise their product offerings in the best ways. This leads to high demand for OLEDs for stadiums, traffic signals, weather forecast, corporate events, cabs, and video walls. The Outdoor LED Displays Market will be valued at USD 22.4 billion by 2024, growing at an impressive CAGR of more than 20% over 2016-2024.
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Technologically, OLEDs can be either individually mounted or surface mounted. Surface mounted outdoor LED displays market is anticipated to increase at a CAGR of 26.5% over the period of 2016-2024. This technology is gaining popularity over its counterpart due to high density and enhanced mechanical performance and is slated to exhibit remarkable growth prospects in the coming years.
Some Point from Table of Contents:
TABLE 1 Outdoor LED displays market 3600 synopsis, 2013 – 2024
TABLE 2 Global Outdoor LED displays market (USD Million) 2013 – 2024
TABLE 3 Global Outdoor LED displays market by region (USD Million), 2013 – 2024
TABLE 4 Global market by technology, (USD Million), 2013 – 2024
TABLE 5 Global market by application, (USD Million), 2013 – 2024
TABLE 6 Global market by color display, (USD Million), 2013 – 2024
TABLE 7 Comparison of spectroscopy technology
TABLE 8 Growth drivers
TABLE 9 Industry pitfalls & challenges
TABLE 10 Individually mounted outdoor LED display demand (USD Million), 2013 – 2024
TABLE 11 Global individually mounted demand by region (USD Million), 2013 – 2024
TABLE 12 Surface mounted outdoor LED display demand (USD Million), 2013 – 2024
TABLE 13 Global surface mounted demand by region (USD Million), 2013 – 2024
TABLE 14 Monochrome display (USD Million), 2013 – 2024
TABLE 15 Global monochrome display demand by region (USD Million), 2013 – 2024
TABLE 16 Tri-Color Display demand (USD Million), 2013 – 2024
TABLE 17 Global Tri-Color Display outdoor LED demand by region (USD Million), 2013 – 2024
TABLE 18 Full Color Display demand (USD Million), 2013 – 2024
TABLE 19 Global Full Color Display demand by region (USD Million), 2013 – 2024
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