Market Overview:
The global LED signs market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LED signs from retail stores, schools, airports, hospitals and other applications. In terms of type, the global LED signs market is segmented into smooth type, luminous material type and metal mold type. The smooth type segment is expected to hold a major share of the global LED signs market during the forecast period owing to its low cost and easy installation. In terms of application, retail stores are expected to account for a major share of the global LED signs market during the forecast period owing to their growing popularity among consumers across different regions.
Product Definition:
An LED sign is a type of electronic display that uses light-emitting diodes (LEDs) to display text, images, and video. LED signs are used for a variety of purposes, including advertising, public information, and wayfinding.
Smooth Type:
Smooth type is a display typeface that has no serifs and whose letters don’t have sharp angles. The design of the letterforms is free, flowing, and without any abrupt or emphasized edges. It's most commonly used for large-scale advertising billboards in airports, metro stations, main streets and cities where people pass by on a daily basis.
Luminous Material Type:
Luminous material type is a new term in the LED signs industry. It refers to any solid or liquid that can be made to give off light by the application of heat.
Oil & gas-based lamps, acetone ( nail polish remover), glycol ( antifreeze) based, and calcium carbonate/ limestone based.
Application Insights:
The retail stores segment led the global LED signs market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Rising penetration of LED products in various retail applications, such as store displays, highway advertising, and corporate signage, is expected to propel product demand over the coming years. Furthermore, increasing adoption of digital signage for display advertisements on multiple screens across multiple locations is anticipated to fuel industry growth further.
The schools segment accounted for more than 15% share of total revenue in 2017 owing to growing government initiatives towards improving education infrastructure across various countries including India China Indonesia Thailand Malaysia Uae etc The airport segment was valued at USD 1.5 billion in 2018.
Regional Analysis:
The Asia Pacific led the global market in 2017 and accounted for over 40% of the total revenue share. The regional growth is attributed to increasing investments in retail infrastructure, growing consumer awareness, and rising adoption of smart signs. Furthermore, emerging economies such as China and India are expected to witness significant growth owing to increased spending on construction activities. This is likely to drive demand over the forecast period.
Europe was valued at USD X million in 2017 owing to high demand from application sectors such as corporate offices, shopping malls/centers/malls chains, sports & entertainment complexes among others across countries including Germany, U.K.
North America region is anticipated majorly driven by U.S., where LED signage has been widely adopted for outdoor applications due its durability & low maintenance cost compared with other options available out there (iPV).
Growth Factors:
- Increasing demand for LED signs from small and medium businesses (SMBs) due to advantages such as low power consumption, durability, and easy installation.
- Rapid technological advancements in the LED signage industry that are making these displays more versatile, brighter, and energy-efficient.
- Growing popularity of digital signage among retailers as a powerful marketing tool to engage customers and boost sales.
- Rising demand for outdoor LED signs from transportation companies, stadiums & arenas, hotels & resorts, etc., for advertising and wayfinding purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Signs Market Research Report
By Type
Smooth Type, Luminous Material Type, Metal Mold
By Application
Retail Stores, Schools, Airports, Hospitals, Others
By Companies
Barco, JONA LED, Xtreme Media, Planar Systems (Leyard), Toshiba, Samsung Electronics, LG Electronics, Daktronics, PixelFLEX, Wavetec, Panasonic, Hisense, Philips, Sony, Sharp, Mitsubishi, Chimei Innolux (CMI), Advantech, Goodview, 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global LED Signs Market Report Segments:
The global LED Signs market is segmented on the basis of:
Types
Smooth Type, Luminous Material Type, Metal Mold
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 Stores, Schools, Airports, Hospitals, 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:
- Barco
- JONA LED
- Xtreme Media
- Planar Systems (Leyard)
- Toshiba
- Samsung Electronics
- LG Electronics
- Daktronics
- PixelFLEX
- Wavetec
- Panasonic
- Hisense
- Philips
- Sony
- Sharp
- Mitsubishi
- Chimei Innolux (CMI)
- Advantech
- Goodview
- Marvel Digital
Highlights of The LED Signs 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:
- Smooth Type
- Luminous Material Type
- Metal Mold
- By Application:
- Retail Stores
- Schools
- Airports
- Hospitals
- 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 LED Signs 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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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 signs are a type of electronic signage that uses light-emitting diodes (LEDs) to display text, images, and other information. LED signs are often more energy-efficient than traditional sign systems and can be customized to match the branding of businesses.
Some of the major companies in the led signs market are Barco, JONA LED, Xtreme Media, Planar Systems (Leyard), Toshiba, Samsung Electronics, LG Electronics, Daktronics, PixelFLEX, Wavetec, Panasonic, Hisense, Philips, Sony, Sharp, Mitsubishi, Chimei Innolux (CMI), Advantech, Goodview, Marvel Digital.
The led signs market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Signs 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 Signs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Signs Market - Supply Chain
4.5. Global LED Signs Market Forecast
4.5.1. LED Signs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Signs Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Signs Market Absolute $ Opportunity
5. Global LED Signs 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 Signs Market Size and Volume Forecast by Type
5.3.1. Smooth Type
5.3.2. Luminous Material Type
5.3.3. Metal Mold
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Signs 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 Signs Market Size and Volume Forecast by Application
6.3.1. Retail Stores
6.3.2. Schools
6.3.3. Airports
6.3.4. Hospitals
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Signs 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 Signs 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 Signs 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 Signs 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 Signs Demand Share Forecast, 2019-2026
9. North America LED Signs 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 Signs 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 Signs Market Size and Volume Forecast by Application
9.4.1. Retail Stores
9.4.2. Schools
9.4.3. Airports
9.4.4. Hospitals
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Signs Market Size and Volume Forecast by Type
9.7.1. Smooth Type
9.7.2. Luminous Material Type
9.7.3. Metal Mold
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 Signs Demand Share Forecast, 2019-2026
10. Latin America LED Signs 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 Signs 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 Signs Market Size and Volume Forecast by Application
10.4.1. Retail Stores
10.4.2. Schools
10.4.3. Airports
10.4.4. Hospitals
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Signs Market Size and Volume Forecast by Type
10.7.1. Smooth Type
10.7.2. Luminous Material Type
10.7.3. Metal Mold
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 Signs Demand Share Forecast, 2019-2026
11. Europe LED Signs 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 Signs 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 Signs Market Size and Volume Forecast by Application
11.4.1. Retail Stores
11.4.2. Schools
11.4.3. Airports
11.4.4. Hospitals
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Signs Market Size and Volume Forecast by Type
11.7.1. Smooth Type
11.7.2. Luminous Material Type
11.7.3. Metal Mold
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveess/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 Signs Demand Share, 2019-2026
12. Asia Pacific LED Signs 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 Signs 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 Signs Market Size and Volume Forecast by Application
12.4.1. Retail Stores
12.4.2. Schools
12.4.3. Airports
12.4.4. Hospitals
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Signs Market Size and Volume Forecast by Type
12.7.1. Smooth Type
12.7.2. Luminous Material Type
12.7.3. Metal Mold
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 Signs Demand Share, 2019-2026
13. Middle East & Africa LED Signs 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 Signs 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 Signs Market Size and Volume Forecast by Application
13.4.1. Retail Stores
13.4.2. Schools
13.4.3. Airports
13.4.4. Hospitals
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Signs Market Size and Volume Forecast by Type
13.7.1. Smooth Type
13.7.2. Luminous Material Type
13.7.3. Metal Mold
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 Signs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Signs Market: Market Share Analysis
14.2. LED Signs Distributors and Customers
14.3. LED Signs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Barco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. JONA LED
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Xtreme Media
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Planar Systems (Leyard)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Samsung 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. LG Electronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Daktronics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PixelFLEX
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wavetec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Panasonic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hisense
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Philips
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sony
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sharp
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mitsubishi
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Chimei Innolux (CMI)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Advantech
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Goodview
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Marvel Digital
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
