ICT & Electronics Global LED Stadium Screens Market Outlook Industry | Page 2

Increasing Number Of Sport Events Coupled
With Emergence Of New Stadiums Across
The Globe Is Driving The Growth Of LED
Stadium Screens Market
“ LED Stadium Screens Market: Global Demand Analysis &
Opportunity Outlook 2024”
The global LED stadium screens market is segmented into product type such as
LED ribbon displays, LED video walls, scoreboard screens, and perimeter LED
displays. Among these segments, scoreboard screens segment is expected to
expand at considerable pace during the forecast period. Rising demand for multi-
functional scoring display in stadiums is a major factor which is believed to drive
the growth of this segment.
Global LED stadium screens market is expected to register a 6.9% CAGR over the
forecast period. Moreover, the global LED stadium screens market was valued at
USD 1.22 Billion in 2016 and is expected to reach at notable revenue of 2.0
Billion by the end of forecast period. Additionally, live events and national &
international sport tournaments are major factors which are estimated to propel
the demand for LED stadium screens during the forecast period.
The full-color LED screens segment by color display is likely to grow at
remarkable pace during the forecast period. The stadium owners are looking
forward to install interactive color displays and to offer high visibility and
comfort to the viewers in the stadiums. Further,
high definition, bright color,
zero reflection, wide visible angle, low power consumption and long service life