Market Study : Outdoor LED Display Industry Research Report 2014 to 2021
LED (Light Emitting Diodes) displays are flat panel displays used for outdoor applications. Outdoor displays may include billboards, store signs, advertising boards, stadium scoreboards, rental screens, video walls and traffic lights. Outdoor LED displays are being used at higher rates in recent years. The uses of outdoor LED displays include public transport vehicles, destination signs and as a part of transparent glass areas. Outdoor LED displays are mainly used by retail shops, theaters, live shows, new product launches by companies and etc. to grab people’s attention widely so the demand for the outdoor LED displays is increasing.
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This report examines the global outdoor LED display market and provides information regarding the revenue (USD Million) and volume (Kilo Tons) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
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A. Drivers :
1. Enhanced features of LED displays like durability, energy efficiency and environment friendly.
2. Rising number of sports activities across the globe and promotional activities of corporate brands encourage the promoters to advertise their products through outdoor LED displays.
B. Restraints :
1. High initial cost and installation cost therefore it is used in only totally urbanized cities.
2. Mainly used occasionally so there is no continuous demand throughout the year for the outdoor LED displays.
C. Porter’s five forces model has been used to depict the impact of various factors such as :
1. Degree of competition
2. Bargaining power of suppliers
3. Threat of substitutes
4. Bargaining power of buyers
D. Market Analysis :
Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints. The global outdoor LED display market has further been segmented based on technology such as Individually Mounted Outdoor LED Displays, Surface Mounted Outdoor LED Displays. According to the Color Display they are segmented such as Monochrome Outdoor LED Displays, Tri-color Outdoor LED Displays and Full Color Outdoor LED Displays. The study provides forecast and estimates market for each type in terms of revenue and volume during the forecast period from 2015 to 2021. Each type has been further analyzed based on regional and country levels from 2014 to 2021 in terms of volume and revenue.
E. Insight Region Of Markets :
In terms of geography, the outdoor LED display market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
F. METHODOLOGY :
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.
SEGMENTATIONS IN REPORT :
A. Outdoor LED Display Market by Technology :
1. Individually Mounted Outdoor LED Displays
2. Surface Mounted Outdoor LED Displays
B. Outdoor LED Display Market by Color Display :
1. Monochrome Outdoor LED Displays
2. Tri-color Outdoor LED Displays
3. Full Color Outdoor LED Displays
C. Outdoor LED Display Market by Application :
1. LED Billboards
2. Perimeter LED Boards
3. LED Mobile Panels
4. LED Traffic Lights
5. LED Video Walls