The installed outdoor LED displays market is projected to be valued at US$ 6,477.1 million by the end of 2021 and is expected to expand at a CAGR of 15.9 percent from 2015 to 2021, according to the latest market report published by Persistence Market Research, entitled ‘Global Market Analysis on Outdoor Led Displays: the Asia Pacific to Experience Fastest Growth by 2021 in Installed As Well As Rental Market,’
The research on the demand for Global Outdoor LED Displays covers the installation and leasing demand. However, it is expected that factors such as high initial fixed installation costs and an increasing trend towards the inclination of online ads would constrain market growth.
The outdoor LED displays market is segmented as LED billboards, LED mobile displays, and LED video walls, LED traffic lights, and other LED matrix displays on the basis of application. By the end of 2021, the LED billboard segment is projected to account for approximately 46 percent of the global outdoor LED (installed) market share and is expected to experience a 16.7 percent CAGR in terms of value over the forecast period (2015-2021).
The outdoor LED display market is segmented as a monochrome display, tri-color display, and full-color display on the basis of color display, the full-color display segment accounted for 59.9 percent of the global outdoor LED displays in the installed market in 2014. However, in the full-color display segment of the rental market in 2014, it accounted for 58.8 percent.