Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global LED Billboard Market by Type (Single base color LED Billboard, Double base color LED Billboard, Full color LED Billboard), By Application (Indoor, Outdoor) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global LED Billboard Market by Type (Single base color LED Billboard, Double base color LED Billboard, Full color LED Billboard), By Application (Indoor, Outdoor) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 151853 3300 Electronics & Semiconductor 377 239 Pages 4.7 (38)
                                          

Market Overview:


The global LED Billboard 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 billboards for advertising and marketing purposes, especially in outdoor applications. In terms of type, the single base color LED billboard segment is expected to dominate the market during the forecast period, owing to its low cost and easy installation as compared to other types of LED billboards. However, with technological advancements, double base color and full color LED billboards are gaining traction due to their superior features such as high brightness levels and wide viewing angles. In terms of application, outdoor applications are expected to account for a larger share of the global LED billboard market during the forecast period as comparedto indoor applications.


Global LED Billboard Industry Outlook


Product Definition:


LED Billboard is a digital signage that uses LED technology to display content. LED billboards are brighter and consume less power than traditional billboards, making them an environmentally friendly option for outdoor advertising.


Single base color LED Billboard:


Single base color LED billboard is a type of digital display advertising sign which uses only one color for all advertisement content. The single base color LED billboards are widely used in the outdoor advertising industry to advertise various products and brands. These signs can be seen from a longer distance, thus they have higher chances to get noticed by the target audience on account of its high visibility even during the day time.


Double base color LED Billboard:


Double base color LED billboard is a two-sided advertisement medium made up of different panels. It has the ability to display advertising on both sides which helps in attracting the attention of twice number of people as compared to single side advertisements. The device also helps in increasing traffic capacity as it lightsen up at night and displays information for all passing by, thus helping drivers avoid accidents and reducing road accidents.


Application Insights:


Indoor application dominated the overall market in 2017, accounting for more than 60% of the global revenue share. The growth is attributed to an increase in demand from corporate offices, retail stores and shopping malls among others. Furthermore, increasing penetration of LED billboards across sports stadiums and arena for displaying ads has been contributing significantly to segment growth.


The outdoor application segment is expected to witness significant growth over the forecast period owing to increased advertising campaigns by companies such as Samsung Electronics, Huawei Technologies Co., Ltd., Lenovo Group Ltd., OPPO MobileCo., LTD. among others for promoting their products and services directlyto consumers through digital media platforms such as YouTube & Instagram at a global level.


Regional Analysis:


The Asia Pacific led the global market in 2017 and accounted for over 40% of the total revenue share. The region is projected to continue its dominance over the forecast period. This growth can be attributed to rising investments in LED display advertising by companies and government agencies based in China, Japan, South Korea, India, Australia and New Zealand. Moreover, increasing disposable income levels coupled with rapid urbanization are expected to drive regional product demand during the forecast period.


North America is anticipated to witness significant growth from 2018 to 2030 owing high adoption of advanced technologies such as digital signage across U.S.


Growth Factors:


  • Increasing demand for LED billboards from the advertising sector as a result of their high visibility and ability to deliver messages with clarity and impact
  • Rising demand for LED billboards from the transportation sector as they can be used to display real-time information such as traffic updates, departure times etc.
  • Growing popularity of digital signage which is making way for larger LED displays in public places and commercial establishments
  • Proliferation of smart cities which are increasingly using LED displays for various civic purposes such as traffic management, emergency alerts etc.
  • Reduction in prices of LEDs due to advancements in technology

Scope Of The Report

Report Attributes

Report Details

Report Title

LED Billboard Market Research Report

By Type

Single base color LED Billboard, Double base color LED Billboard, Full color LED Billboard

By Application

Indoor, Outdoor

By Companies

Daktronics, Unilumin, Absen, Liantronics, Barco, Watchfire, Leyard, Lighthouse, Sansitech, AOTO, Ledman, Lopu, Yaham, Optec Display, Szretop, Mary, QSTech, Teeho

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

239

Number of Tables & Figures

168

Customization Available

Yes, the report can be customized as per your need.


Global LED Billboard Market Report Segments:

The global LED Billboard market is segmented on the basis of:

Types

Single base color LED Billboard, Double base color LED Billboard, Full color LED Billboard

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:

  1. Daktronics
  2. Unilumin
  3. Absen
  4. Liantronics
  5. Barco
  6. Watchfire
  7. Leyard
  8. Lighthouse
  9. Sansitech
  10. AOTO
  11. Ledman
  12. Lopu
  13. Yaham
  14. Optec Display
  15. Szretop
  16. Mary
  17. QSTech
  18. Teeho

Global LED Billboard Market Overview


Highlights of The LED Billboard Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Single base color LED Billboard
    2. Double base color LED Billboard
    3. Full color LED Billboard
  1. By Application:

    1. Indoor
    2. Outdoor
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the LED Billboard 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

Global LED Billboard Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


LED Billboard is a type of outdoor advertising that uses light emitting diodes (LEDs) to create images or messages. LED billboards are often used in large, high-traffic areas to promote businesses or events.

Some of the major players in the led billboard market are Daktronics, Unilumin, Absen, Liantronics, Barco, Watchfire, Leyard, Lighthouse, Sansitech, AOTO, Ledman, Lopu, Yaham, Optec Display, Szretop, Mary, QSTech, Teeho.

The led billboard market is expected to register a CAGR of 10.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. LED Billboard 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 Billboard Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. LED Billboard Market - Supply Chain
   4.5. Global LED Billboard Market Forecast
      4.5.1. LED Billboard Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. LED Billboard Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. LED Billboard Market Absolute $ Opportunity

5. Global LED Billboard 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 Billboard Market Size and Volume Forecast by Type
      5.3.1. Single base color LED Billboard
      5.3.2. Double base color LED Billboard
      5.3.3. Full color LED Billboard
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global LED Billboard 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 Billboard 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 Billboard 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 Billboard 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 Billboard 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 Billboard 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 Billboard Demand Share Forecast, 2019-2026

9. North America LED Billboard 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 Billboard 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 Billboard 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 Billboard Market Size and Volume Forecast by Type
      9.7.1. Single base color LED Billboard
      9.7.2. Double base color LED Billboard
      9.7.3. Full color LED Billboard
   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 Billboard Demand Share Forecast, 2019-2026

10. Latin America LED Billboard 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 Billboard 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 Billboard 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 Billboard Market Size and Volume Forecast by Type
      10.7.1. Single base color LED Billboard
      10.7.2. Double base color LED Billboard
      10.7.3. Full color LED Billboard
   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 Billboard Demand Share Forecast, 2019-2026

11. Europe LED Billboard 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 Billboard 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 Billboard 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 Billboard Market Size and Volume Forecast by Type
      11.7.1. Single base color LED Billboard
      11.7.2. Double base color LED Billboard
      11.7.3. Full color LED Billboard
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections byType
   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 Billboard Demand Share, 2019-2026

12. Asia Pacific LED Billboard 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 Billboard 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 Billboard 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 Billboard Market Size and Volume Forecast by Type
      12.7.1. Single base color LED Billboard
      12.7.2. Double base color LED Billboard
      12.7.3. Full color LED Billboard
   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 Billboard Demand Share, 2019-2026

13. Middle East & Africa LED Billboard 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 Billboard 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 Billboard 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 Billboard Market Size and Volume Forecast by Type
      13.7.1. Single base color LED Billboard
      13.7.2. Double base color LED Billboard
      13.7.3. Full color LED Billboard
   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 Billboard Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global LED Billboard Market: Market Share Analysis
   14.2. LED Billboard Distributors and Customers
   14.3. LED Billboard 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. Unilumin
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Absen
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Liantronics
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Barco
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Watchfire
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Leyard
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Lighthouse
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Sansitech
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. AOTO
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Ledman
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Lopu
         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. Optec Display
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Szretop
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Mary
         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. Teeho
         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

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