According to the new market research report by IMARC Group " Outdoor LED Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”.

An outdoor light-emitting diode (LED) display is a big electronic device that displays live images and promotional videos. It relies on dual in-line package (DIP) technology, which makes it suitable for extreme weather conditions and resistant to pollution, moisture, and water. It provides enhanced performance, high brightness, and protection from ultraviolet (UV) rays. As a result, outdoor LED displays find applications at bus stations, sports stadiums, airports, shopping centers, music concerts or live events, and railway stations across the globe.

The global outdoor LED display market size reached US$ 7.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.73% during 2023-2028.

Market Trends -  

At present, the increasing adoption of outdoor LED displays, as they offer power efficiency features, represents one of the primary factors propelling the growth of the market. Apart from this, the rising preference for LED display advertising, as it provides enhanced visual appeal compared to paper or poster-based advertising, is supporting the market growth. In addition, the growing demand for digital advertising, along with the rising popularity of large-scale events around the world, is offering a positive market outlook. Additionally, the increasing number of sports events, seminars, and exhibitions to attract a wide consumer base is contributing to the growth of the market. Furthermore, key players are introducing lightweight outdoor LED displays with a high-quality pixel range, which is impelling the growth of the market. 

Key Market Segmentation:

The report provides detailed segmentation of the global Outdoor LED Display Market based on type, color display and application.

Breakup by Type:

  • Surface Mounted
  • Individually Mounted

Breakup by Color Display:

  • Monochrome Display
  • Tri-Color Display
  • Full Color Display

Breakup by Application:

  • Billboards
  • Mobile LED Display
  • Perimeter Board
  • Traffic Lights
  • Video Wall
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Key Market Players are:

The report provides a comprehensive analysis of the industry key players listed below:

The major players in the market are ClearLED Ltd., Daktronics Inc., Delta Electronics Inc., Electronic Displays Inc., Galaxia Electronics Co. Ltd., Leyard Optoelectronic Co. Ltd., LG Electronics Inc., Lighthouse Technologies Limited, LIGHTVU, Panasonic Corporation, Samsung Electronics Co. Ltd. and Toshiba Corporation.