Market Overview:
The global LED advertising board market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LED advertising boards from various applications, such as indoor and outdoor applications. In terms of type, the global LED advertising board market is segmented into single base color, double base color, and full color segments. The full color segment is expected to grow at a higher CAGR during the forecast period than other segments due to its high demand from various end-use industries. In terms of application, the global LED advertising board market is divided into indoor and outdoor applications.
Product Definition:
An LED advertising board is a large sign that uses light-emitting diodes (LEDs) to display text, images, or video. LED boards are often used outdoors to promote businesses or events. They can be seen from a long distance and are very effective at getting attention.
Single base Color:
Single base color is a new term in the LED advertising board market. It means that the color of light being emitted from an LED is produced using only one type of phosphor, i.e., red or blue single-base phosphor. The main advantage offered by this technology over traditional systems based on two or three different colors is that it allows for more flexibility when it comes to designing and developing custom solutions for customers’ specific needs and requirements.
Double base Color:
Double base color is a type of LED advertising board that uses two different colors of LEDs for each pixel. The two colors are used to represent any given image with better accuracy and quality than the traditional single-color LED boards. It offers various benefits such as high contrast ratio, accurate color reproduction, and fast switching time among others which has increased its popularity in recent years.
Application Insights:
Based on the application, the market has been segmented into indoor and outdoor. The indoor segment dominated the overall industry in terms of revenue in 2017. LED advertising boards with full color display are widely used for digital signage applications in offices, retail stores and public areas such as transportation stations and airports. Digital signage is a type of electronic display that provides information in a building or area without the need to broadcast it via television or radio waves.
The growing popularity of smart cities across different regions is expected to increase the demand for LED advertising boards over conventional methods of advertisement such as posters, billboards etc.
Regional Analysis:
North America led the global market in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing adoption of LED advertising boards by various companies for their business promotion and marketing purposes. Furthermore, presence of prominent LED display manufacturing companies such as LG Display Co., Ltd.; Samsung LSI Corporation; and Sony Corporation will also contribute towards the growth of this regional market.
Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due to rising disposable income levels, growing population, improving lifestyle along with increased government spending on infrastructure development projects especially in China and India. Increasing investments by governments in developing countries such as China & India are driving industry growth across these regions which has led major players including LG Electronics Inc.; Panasonic Corporation; SAMSUNG ELECTRONICS CO., LTD.; SHARP CORPORATION; TCL Corporation Limited; Xiaomi Technology Co., Ltd.
Growth Factors:
- Increasing demand for LED advertising boards from small and medium businesses (SMBs) due to advantages such as low power consumption, easy installation, and low maintenance cost.
- Rising demand for LED advertising boards in outdoor applications owing to their high brightness and visibility even in daylight conditions.
- Proliferation of digital signage solutions that use LED advertising boards as a key component is aiding the market growth.
- Growing trend of using LEDs for backlighting in LCD displays is also propelling the market growth as it helps reduce power consumption by up to 50%.
- Increasing penetration of LEDs across various industries such as automotive, retail, healthcare, and hospitality is providing new opportunities for the LED advertising board market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Advertising Board Market Research Report
By Type
Single base Color, Double base Color, Full Color
By Application
Indoor, Outdoor
By Companies
Daktronics, Barco, Optec Display, FORMETCO, Watchfire, YESCO Electronics, Lighthouse, Absen, Unilumin, Liantronics, Leyard, Ledman, Yaham, Szretop, Mary, Teeho, QSTech, AOTO
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global LED Advertising Board Market Report Segments:
The global LED Advertising Board market is segmented on the basis of:
Types
Single base Color, Double base Color, Full Color
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
Indoor, Outdoor
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:
- Daktronics
- Barco
- Optec Display
- FORMETCO
- Watchfire
- YESCO Electronics
- Lighthouse
- Absen
- Unilumin
- Liantronics
- Leyard
- Ledman
- Yaham
- Szretop
- Mary
- Teeho
- QSTech
- AOTO
Highlights of The LED Advertising Board 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:
- Single base Color
- Double base Color
- Full Color
- By Application:
- Indoor
- Outdoor
- 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 Advertising Board 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 advertising boards are a type of digital signage that use LED lights to display information. They are often used in commercial settings, such as retail stores and restaurants, to provide customers with updated information about the products or services offered.
Some of the major companies in the led advertising board market are Daktronics, Barco, Optec Display, FORMETCO, Watchfire, YESCO Electronics, Lighthouse, Absen, Unilumin, Liantronics, Leyard, Ledman, Yaham, Szretop, Mary, Teeho, QSTech, AOTO.
The led advertising board market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Advertising Board Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Advertising Board Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Advertising Board Market - Supply Chain
4.5. Global LED Advertising Board Market Forecast
4.5.1. LED Advertising Board Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Advertising Board Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Advertising Board Market Absolute $ Opportunity
5. Global LED Advertising Board Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Advertising Board Market Size and Volume Forecast by Type
5.3.1. Single base Color
5.3.2. Double base Color
5.3.3. Full Color
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Advertising Board Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Advertising Board Market Size and Volume Forecast by Application
6.3.1. Indoor
6.3.2. Outdoor
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Advertising Board Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Advertising Board Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Advertising Board Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Advertising Board Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Advertising Board Demand Share Forecast, 2019-2026
9. North America LED Advertising Board Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Advertising Board Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Advertising Board Market Size and Volume Forecast by Application
9.4.1. Indoor
9.4.2. Outdoor
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Advertising Board Market Size and Volume Forecast by Type
9.7.1. Single base Color
9.7.2. Double base Color
9.7.3. Full Color
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Advertising Board Demand Share Forecast, 2019-2026
10. Latin America LED Advertising Board Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Advertising Board Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Advertising Board Market Size and Volume Forecast by Application
10.4.1. Indoor
10.4.2. Outdoor
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Advertising Board Market Size and Volume Forecast by Type
10.7.1. Single base Color
10.7.2. Double base Color
10.7.3. Full Color
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Advertising Board Demand Share Forecast, 2019-2026
11. Europe LED Advertising Board Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Advertising Board Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Advertising Board Market Size and Volume Forecast by Application
11.4.1. Indoor
11.4.2. Outdoor
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Advertising Board Market Size and Volume Forecast by Type
11.7.1. Single base Color
11.7.2. Double base Color
11.7.3. Full Color
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growt Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Advertising Board Demand Share, 2019-2026
12. Asia Pacific LED Advertising Board Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Advertising Board Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Advertising Board Market Size and Volume Forecast by Application
12.4.1. Indoor
12.4.2. Outdoor
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Advertising Board Market Size and Volume Forecast by Type
12.7.1. Single base Color
12.7.2. Double base Color
12.7.3. Full Color
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Advertising Board Demand Share, 2019-2026
13. Middle East & Africa LED Advertising Board Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Advertising Board Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Advertising Board Market Size and Volume Forecast by Application
13.4.1. Indoor
13.4.2. Outdoor
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Advertising Board Market Size and Volume Forecast by Type
13.7.1. Single base Color
13.7.2. Double base Color
13.7.3. Full Color
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Advertising Board Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Advertising Board Market: Market Share Analysis
14.2. LED Advertising Board Distributors and Customers
14.3. LED Advertising Board Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daktronics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Barco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Optec Display
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FORMETCO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Watchfire
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. YESCO Electronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lighthouse
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Absen
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Unilumin
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Liantronics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Leyard
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ledman
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yaham
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Szretop
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mary
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Teeho
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. QSTech
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. AOTO
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
