Market Overview:
The global digital LED signage market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for digital signage in various applications such as retail, healthcare, hospitality, transportation and others. Additionally, the growing demand for large-sized digital LED signage is also contributing to the growth of this market. Based on type, the global digital LED signage market can be segmented into 40 - 50 inch, 50 - 60 inch, under 40 inch and larger than 60 inch segments. The 50 - 60 inch segment is expected to account for the largest share of this market in 2018 owing to its high adoption rate in various applications such as retail and transportation. By application, the retail sector is expected to account for the largest share of this market in 2018 followed by healthcare and hospitality sectors respectively.
Product Definition:
A digital LED signage is a type of electronic display that uses light emitting diodes (LEDs) to display digital images. LED signs are typically used for indoor or outdoor advertising, including retail stores, transportation systems, stadiums and arenas, and other public places.
40 - 50 inch:
40 - 50 inch LED digital signage display is a type of large screen digital video sign. It’s the latest trend in the Digital LED Signage market and expected to grow at a fast pace over the forecast period. The growth factor for this segment is due to its ability to be used in multiple applications such as retail stores, airports, metro stations, hospitals etc., which require more information & higher visibility areas.
50 - 60 inch:
50 - 60 inch LED display is a type of large digital sign that can be used in commercial and retail applications. It has high resolution and fast response time, which makes it suitable for advertising and displaying information. The major advantage of using 50 - 60 inch LED display is its size; they are light in weight as well as they consume less power compared to other larger displays making them more energy efficient.
Application Insights:
Based on application, the global digital LED signage market has been segmented into retail, hospitality, healthcare, transportation and other applications. The retail sector accounted for the largest share in 2017 owing to increasing consumer spending power and preference for using electronic devices such as smartphones or laptops at shops. Digital signage is used at checkout lanes in supermarkets and shopping malls to display information about products such as price & availability along with promotional offers. It is also used at check-out counters of online stores where customers need to see product details before making a purchase decision.
The healthcare segment is expected to witness significant growth over the forecast period due to growing investments by governments across the world towards building state-of-the-art hospitals & medical centers that offer high quality services with cutting edge technology supported by digital LED signsboards displaying information pertaining to hospital policies & services directly onto walls or ceilings near patient rooms or treatment areas thereby reducing readouts from remote locations thus improving service efficiency and timeliness while enhancing customer experience.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to various factors such as increasing adoption of digital signage, high disposable income and growing demand for customized solutions. Moreover, presence of a large number of well-established manufacturers has led to increased availability of these signs in the region.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising investments by companies for deploying digital displays across their establishments including retail stores, corporate offices and factories etc., thereby boosting revenue generation through advertising. Furthermore, government initiatives encouraging installation of these signs at railway stations and airports are anticipated to drive regional market growth over the next eight years. Companies such as LG Electronics Inc.; Panasonic Corporation; Samsung Group; Sony Corporation; Toshiba Corporation; Hitachi, Ltd.; Mitsubishi Electric Factory Automation & Integration Co., Ltd.; Fujitsu General Limited Warranty Administration (GWA); NTT Docomo Europe GmbH & Co.
Growth Factors:
- Increasing demand for digital signage in retail sector for advertising and customer engagement
- Rising demand from transportation and logistics sector for real-time information dissemination
- Proliferation of internet of things (IoT) and big data analytics is expected to drive the market growth
- Growing demand from the hospitality industry for dynamic content to engage guests
- Increasing number of small businesses adopting digital signage solutions to improve communication
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital LED Signage Market Research Report
By Type
40 - 50 inch, 50 - 60 inch, Under 40 inch, Larger than 60 inch
By Application
Retail, Healthcare, Hospitality, Transportation, Others
By Companies
Samsung Electronics, LG Electronics, Philips, Toshiba, Daktronics, Sony, Panasonic, NEC Display, Sharp, Planar Systems (Leyard), Mitsubishi, Chimei Innolux (CMI), Advantech, Goodview (CVTE), Cisco Systems Inc, Marvel Digital
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Digital LED Signage Market Report Segments:
The global Digital LED Signage market is segmented on the basis of:
Types
40 - 50 inch, 50 - 60 inch, Under 40 inch, Larger than 60 inch
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Healthcare, Hospitality, Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsung Electronics
- LG Electronics
- Philips
- Toshiba
- Daktronics
- Sony
- Panasonic
- NEC Display
- Sharp
- Planar Systems (Leyard)
- Mitsubishi
- Chimei Innolux (CMI)
- Advantech
- Goodview (CVTE)
- Cisco Systems Inc
- Marvel Digital
Highlights of The Digital LED Signage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 40 - 50 inch
- 50 - 60 inch
- Under 40 inch
- Larger than 60 inch
- By Application:
- Retail
- Healthcare
- Hospitality
- Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital LED Signage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital LED signage is a type of electronic display that uses LEDs to create images and messages. Digital LED signs are often used in commercial settings, such as retail stores, restaurants, and hotels. They can also be found at public events, such as concerts and festivals.
Some of the major companies in the digital led signage market are Samsung Electronics, LG Electronics, Philips, Toshiba, Daktronics, Sony, Panasonic, NEC Display, Sharp, Planar Systems (Leyard), Mitsubishi, Chimei Innolux (CMI), Advantech, Goodview (CVTE), Cisco Systems Inc, Marvel Digital.
The digital led signage market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital LED Signage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital LED Signage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital LED Signage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital LED Signage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital LED Signage Market Size & Forecast, 2020-2028
4.5.1 Digital LED Signage Market Size and Y-o-Y Growth
4.5.2 Digital LED Signage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 40 - 50 inch
5.2.2 50 - 60 inch
5.2.3 Under 40 inch
5.2.4 Larger than 60 inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Healthcare
6.2.3 Hospitality
6.2.4 Transportation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital LED Signage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital LED Signage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 40 - 50 inch
9.6.2 50 - 60 inch
9.6.3 Under 40 inch
9.6.4 Larger than 60 inch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Healthcare
9.10.3 Hospitality
9.10.4 Transportation
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 40 - 50 inch
10.6.2 50 - 60 inch
10.6.3 Under 40 inch
10.6.4 Larger than 60 inch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Healthcare
10.10.3 Hospitality
10.10.4 Transportation
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 40 - 50 inch
11.6.2 50 - 60 inch
11.6.3 Under 40 inch
11.6.4 Larger than 60 inch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Healthcare
11.10.3 Hospitality
11.10.4 Transportation
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 40 - 50 inch
12.6.2 50 - 60 inch
12.6.3 Under 40 inch
12.6.4 Larger than 60 inch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Healthcare
12.10.3 Hospitality
12.10.4 Transportation
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 40 - 50 inch
13.6.2 50 - 60 inch
13.6.3 Under 40 inch
13.6.4 Larger than 60 inch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Healthcare
13.10.3 Hospitality
13.10.4 Transportation
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital LED Signage Market: Competitive Dashboard
14.2 Global Digital LED Signage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung Electronics
14.3.2 LG Electronics
14.3.3 Philips
14.3.4 Toshiba
14.3.5 Daktronics
14.3.6 Sony
14.3.7 Panasonic
14.3.8 NEC Display
14.3.9 Sharp
14.3.10 Planar Systems (Leyard)
14.3.11 Mitsubishi
14.3.12 Chimei Innolux (CMI)
14.3.13 Advantech
14.3.14 Goodview (CVTE)
14.3.15 Cisco Systems Inc
14.3.16 Marvel Digital
