Outdoor LED Display Market Projected to Garner Significant Revenues By 2030

Allied Market Research predicts that the Outdoor LED Display Market will reach $14,522.40 million by 2030.

The Asia-Pacific region dominated the market in terms of revenue in 2020 and is expected to continue its dominance during the forecast period. This is primarily due to significant investments in outdoor LED displays and semiconductors, as well as the growing preference for digital advertisements in emerging economies. The market size for outdoor LED displays was valued at $6,398.30 million in 2020 and is projected to grow at a CAGR of 9.10%.

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The outdoor LED display market includes various types of LED displays used for billboards, mobile displays, traffic lights, and video walls, among others. The report also provides a detailed analysis of the market revenue across North America, Europe, Asia-Pacific, and LAMEA regions.

Outdoor LED displays involve the use of LED pixels to present videos, images, and digits. The market is driven by the increasing demand for digital sponsorships, information displays, and energy-efficient features. Additionally, the rise in digital advertisements and sporting events presents lucrative opportunities for the market in the future.

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The outdoor LED display market is segmented by type (surface-mounted and individually mounted), application (Pro AV, Digital Signage, Smart Building AV, Billboards, and Others), and region (North America, Europe, Asia-Pacific, and LAMEA).

North America accounted for a significant share of the market in 2020, driven by the adoption of billboards, phone booth display advertising, and the need for high-definition displays in sports events. The transportation industry and advertising sector also contribute to the market growth in this region. Furthermore, North America offers a lucrative and diverse platform for outdoor LED displays.

Key market players in the Outdoor LED Display industry adopt strategies such as product launch, development, collaboration, partnership, and agreements to gain a competitive advantage. The report provides details on their strengths, product portfolio, market share, operational results, and market positioning.