itgo

Support

Support

News

Outdoor LED Display Market to grow at 20% CAGR from 2016 to 2024

페이지 정보

profile_image
작성자 ITGO
작성일 20-10-16 14:12

본문

74e29ccd4ecf8ba474ca6fd5e1830e4f_1602825159_6172.jpg
74e29ccd4ecf8ba474ca6fd5e1830e4f_1602825159_6485.jpeg


Outdoor LED Display Market size is forecast to exceed USD 22.4 billion by 2024; according to a new research report by Global Market Insights, Inc. Increased demand for sophisticated applications such as advertising boards, video walls, stadium screens, perimeter boards and scoreboards is anticipated to propel outdoor LED display market size from 2016 to 2024. Corporate brands opt for these devices owing to various benefits such as brightness, HD resolution, pitch, good pixel, durability, portability and energy efficiency.

Surface mounted technology is projected to grow with 26.5% CAGR from 2016 to 2024. Rising prominence of these devices may offer tough competition to conventional systems in the coming years. Advent of projector as well as LCD technology is anticipated to negatively impact demand. However, rising preference for energy efficient device, evolving screen dynamics and low operating costs may fuel outdoor LED display market share for various advertisement and sports events.

Advertising boards, stadium screens, perimeter boards, scoreboards, and video walls are set to witness growth. Higher awareness about the advantages of these panels, increasing high-tech infrastructure demand and rising number of sports activities will fuel mobile panels revenue.

Written by Heena K.