Persistence Market Research Reports Outdoor LED Displays Market | Page 3

Considering a number of favorable factors driving the installation of LED displays, the global outdoor LED
display (installed) market is likely to clock a phenomenal 88.0% CAGR for the forecast period between 2017
and 2021.
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Global Outdoor LED Display Market: Research Methodology
The primary research phase involved tapping into industry-centric databases and conducting extensive
interviews with opinion leaders and industry experts. The primary research phase also involved collating data
and obtaining viewpoint of opinion leaders about growth trends in the outdoor LED display market in the future.
The secondary research phase, on the other hand, involved reaching out to online paid databases and present
revenue and market size estimates for the 2017-2021 forecast period.
Global Outdoor LED Display Market: Competitive Dashboard
The report provides detailed insights into competitive strategies of key players in the outdoor LED display
market. Each of the companies is profiled for their distinguishing attributes of competitive strategy, financial
standing, product portfolio and specification, recent developments, and SWOTs.
Increasing Preference for Rental to Slow Market Growth
On the downside, high initial cost of LED displays is slowing the growth of outdoor LED display market. As
installation of LED display is very expensive as compared to conventional displays such as textual banners and
printed hoardings, consumers are increasingly opting to rent the equipment. Considering this, the global outdoor
LED display market is likely to clock a robust CAGR of 89.5% for the forecast period between 2017 and 2021.
In addition, increasing adoption of online advertising among various brands is also challenging the growth of
outdoor LED display market to some extent.
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