A LED display, or light emitting diode display, is a flat panel display that uses an array of light-emitting diodes as the video display. An LED display panel can be either a small display or part of a larger display. They are typically used outdoors in store signs and billboards, and in recent years have also become commonly used in destination signs on public transport vehicles or even as part of transparent glass area.
Market Analysis and Insights: Global LED Display Market
Due to the COVID-19 pandemic, the global LED Display market size is estimated to be worth US$ 7565.1 million in 2022 and is forecast to a readjusted size of US$ 9965.3 million by 2028 with a CAGR of 4.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Indoor LED Display accounting for % of the LED Display global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Advertising Media segment is altered to an % CAGR throughout this forecast period.
Global LED Display key players include Liantronics, Daktronics, Unilumin, Leyard, Barco, etc. Global top five manufacturers hold a share over 30%.
Asia-Pacific is the largest market, with a share over 50%, followed by North America and Europe, both have a share over 40%.
In terms of product, Indoor LED Display is the largest segment, with a share over 60%. And in terms of application, the largest application is Advertising Media, followed by Information Display, Sports Arena, etc.
Global LED Display Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global LED Display Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Indoor LED Display
Outdoor LED Display
Segment by Application
Advertising Media
Information Display
Sports Arena
Stage Performance
Traffic and Security
Others
By Company
Liantronics
Leyard
Daktronics
Unilumin
Absen
Barco
Lighthouse
Yaham
Sansitech
Ledman
LightKing
Mitsubishi Electric
Lopu
AOTO
Handson
Mary
QSTech
Suncen
Teeho
Szretop
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina