Outdoor LED Display Market to Perceive Substantial
Growth During 2018 to 2026
Outdoor LED Display Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
The global outdoor LED display market is projected to reach over US$ 40 billion by 2025,
exhibiting a CAGR of 9.56% over the forecast period (2017 to 2025). The Outdoor LED display
market is primarily driven by the innovation and modernization offered by LED lighting systems
over incandescent and fluorescent lamps. Additionally, the energy efficiency of LED lights, longer
lifetime, HD resolution, good pixel, enhanced physical strength, smaller size, design flexibility,
and environment friendly are some factors offering incredible market opportunities for Outdoor
LED display manufacturers. Constant new product innovation and integration of advanced
technology is a key characteristic of the market, garnering consumer attention. Rampant growth
in demand for screen and display backlighting are expected to offer new growth avenues for the
outdoor LED display market. Increased demand for advertising boards, video walls, stadium
screens, perimeter boards, and scoreboards is expected to boost the growth of outdoor LED
display
market
size.
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LED Billboard segment holds the highest market share
Among application type, the LED Billboard segment is estimated to be the leading market in the
global Outdoor LED Display Market, due to various features offered such as cost-effectiveness,