Market Overview:
The global LED destination displays market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LED destination displays in public transports, schools buses, and management institutes buses. In terms of type, the monochrome led displays segment is expected to hold a major share of the global LED destination displays market during the forecast period. However, in terms of CAGR, the full colour led displays segment is expected to grow at a higher rate than other segments during the forecast period.
Product Definition:
An LED destination display is a traffic control device used to indicate the direction of travel for motorists. The displays are typically placed above or below roadways and use light-emitting diodes (LEDs) to show arrows pointing in the desired direction of travel.
Monochrome Led Displays:
Monochrome LED displays are those that produce different sets of primary colors, usually red, green and blue. They are used in applications where high contrast is required between two or more images for example: menu screens in a video games or the text display on an alarm clock.
The major advantage of using monochrome LED displays is that they can produce any color by controlling the intensity of each color component (red, green and blue).
Full Colour Led Displays:
Full-Colour LED Displays are a new technology that is rapidly gaining popularity in the destination displays market. They have several advantages over traditional LCD and plasma displays such as lower power consumption, higher contrast ratio, high Brightness ( Contrast Rating ) at low Temperature ( Color Shift ), etc. The growing demand for energy-efficient lighting solutions has led to the growth of Full-Colour LED Displays in recent years.
Application Insights:
The public transport buses and trains application segment led the global LED destination displays market in 2017. This is attributed to the growing preference for using these products while travelling by train, bus or ship from one place to another. The full-colour LED display boards offer information such as train arrival & departure times, station names and other useful information which can be seen easily at a glance. Moreover, they also provide real-time schedule updates which are highly preferred by passengers while travelling by public transport vehicles.
The management institutes buses application segment is expected to witness significant growth over the forecast period owing to increasing demand for better transportation facilities across various educational institutions globally. Management institutes require efficient and effective means of communication with students so that they can plan their day efficiently without any hassles regarding traffic or transportation problems faced during travel from one place to another on a daily basis throughout the year round campus-wise in each city/town where such educational institutions are located like India, China etcetera.
Regional Analysis:
The North American regional market dominated the global LED destination displays market in 2016. The growth can be attributed to the increasing investments in infrastructure development and growing adoption of public transportation systems. Moreover, presence of prominent players such as Alpine Electronics Corporation, Bel-Ray Company Inc., and Vobot Smart Alarm Clock Ltd. has positively influenced the industry growth in this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income levels coupled with increasing population mobility across countries such as China, India, Japan, Malaysia & Singapore among others are anticipated to drive demand for these products over next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED destination displays
- Growing popularity of digital signage and LED displays
- Proliferation of retail stores and other commercial establishments
- Technological advancements in LED destination displays
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Destination Displays Market Research Report
By Type
Monochrome Led Displays, Full Colour Led Displays
By Application
Public Transports (Buses & Trains), Schools Buses, Management Institutes Buses
By Companies
Luminator, Hanover, Transign, Aesys Inc., LECIP Group, McKenna Brothers, DYSTEN, KAMAL & CO., Top Shine Electronics, DAN Electronic System, Zhongzhigu Electronic Technology, Amco Advanced Technologies, Guangdong SAFUWE
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global LED Destination Displays Market Report Segments:
The global LED Destination Displays market is segmented on the basis of:
Types
Monochrome Led Displays, Full Colour Led Displays
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
Public Transports (Buses & Trains), Schools Buses, Management Institutes Buses
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:
- Luminator
- Hanover
- Transign
- Aesys Inc.
- LECIP Group
- McKenna Brothers
- DYSTEN
- KAMAL & CO.
- Top Shine Electronics
- DAN Electronic System
- Zhongzhigu Electronic Technology
- Amco Advanced Technologies
- Guangdong SAFUWE
Highlights of The LED Destination Displays 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:
- Monochrome Led Displays
- Full Colour Led Displays
- By Application:
- Public Transports (Buses & Trains)
- Schools Buses
- Management Institutes Buses
- 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 LED Destination Displays 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?
LED Destination Displays are a new type of traffic sign that use LED lights to indicate the direction of traffic flow. They are similar to traditional stop signs, but have an arrow on one side that points in the direction of travel.
Some of the major players in the led destination displays market are Luminator, Hanover, Transign, Aesys Inc., LECIP Group, McKenna Brothers, DYSTEN, KAMAL & CO., Top Shine Electronics, DAN Electronic System, Zhongzhigu Electronic Technology, Amco Advanced Technologies, Guangdong SAFUWE.
The led destination displays market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Destination Displays 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 LED Destination Displays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Destination Displays 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 LED Destination Displays 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 LED Destination Displays Market Size & Forecast, 2018-2028
4.5.1 LED Destination Displays Market Size and Y-o-Y Growth
4.5.2 LED Destination Displays Market Absolute $ Opportunity
Chapter 5 Global LED Destination Displays 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 LED Destination Displays Market Size Forecast by Type
5.2.1 Monochrome Led Displays
5.2.2 Full Colour Led Displays
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Destination Displays 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 LED Destination Displays Market Size Forecast by Applications
6.2.1 Public Transports (Buses & Trains)
6.2.2 Schools Buses
6.2.3 Management Institutes Buses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Destination Displays 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 LED Destination Displays 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 LED Destination Displays Analysis and Forecast
9.1 Introduction
9.2 North America LED Destination Displays 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 LED Destination Displays Market Size Forecast by Type
9.6.1 Monochrome Led Displays
9.6.2 Full Colour Led Displays
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 LED Destination Displays Market Size Forecast by Applications
9.10.1 Public Transports (Buses & Trains)
9.10.2 Schools Buses
9.10.3 Management Institutes Buses
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 LED Destination Displays Analysis and Forecast
10.1 Introduction
10.2 Europe LED Destination Displays 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 LED Destination Displays Market Size Forecast by Type
10.6.1 Monochrome Led Displays
10.6.2 Full Colour Led Displays
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 LED Destination Displays Market Size Forecast by Applications
10.10.1 Public Transports (Buses & Trains)
10.10.2 Schools Buses
10.10.3 Management Institutes Buses
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 LED Destination Displays Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Destination Displays 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 LED Destination Displays Market Size Forecast by Type
11.6.1 Monochrome Led Displays
11.6.2 Full Colour Led Displays
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 LED Destination Displays Market Size Forecast by Applications
11.10.1 Public Transports (Buses & Trains)
11.10.2 Schools Buses
11.10.3 Management Institutes Buses
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 LED Destination Displays Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Destination Displays 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 LED Destination Displays Market Size Forecast by Type
12.6.1 Monochrome Led Displays
12.6.2 Full Colour Led Displays
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 LED Destination Displays Market Size Forecast by Applications
12.10.1 Public Transports (Buses & Trains)
12.10.2 Schools Buses
12.10.3 Management Institutes Buses
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) LED Destination Displays Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Destination Displays 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) LED Destination Displays Market Size Forecast by Type
13.6.1 Monochrome Led Displays
13.6.2 Full Colour Led Displays
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) LED Destination Displays Market Size Forecast by Applications
13.10.1 Public Transports (Buses & Trains)
13.10.2 Schools Buses
13.10.3 Management Institutes Buses
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 LED Destination Displays Market: Competitive Dashboard
14.2 Global LED Destination Displays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Luminator
14.3.2 Hanover
14.3.3 Transign
14.3.4 Aesys Inc.
14.3.5 LECIP Group
14.3.6 McKenna Brothers
14.3.7 DYSTEN
14.3.8 KAMAL & CO.
14.3.9 Top Shine Electronics
14.3.10 DAN Electronic System
14.3.11 Zhongzhigu Electronic Technology
14.3.12 Amco Advanced Technologies
14.3.13 Guangdong SAFUWE
