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.
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:
- Daktronics
- Unilumin
- Absen
- Liantronics
- Barco
- Watchfire
- Leyard
- Lighthouse
- Sansitech
- AOTO
- Ledman
- Lopu
- Yaham
- Optec Display
- Szretop
- Mary
- QSTech
- Teeho
Highlights of The LED Billboard 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 LED Billboard
- Double base color LED Billboard
- Full color LED Billboard
- 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 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
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 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