Market Overview:
The global outdoor LED billboard lights 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 energy-efficient lighting solutions and the growing awareness about the benefits of using LED lights over traditional lighting solutions. The global outdoor LED billboard lights market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into power 200W segments. The 100W-200W segment is expected to hold a major share in terms of revenue in 2018 owing to its high adoption rate across various applications such as column billboards and wall billboards. On the basis of application,the market is divided into column billboards, wall billboards, and others (including transportation signage). The column billboard application segment dominates this market with a majority share in terms of revenue due to its widespread use across various regions worldwide.
Product Definition:
The usage of Outdoor LED Billboard Lights is to illuminate outdoor billboards. The importance of Outdoor LED Billboard Lights is that they provide a more even and brighter light than traditional billboard lights, which can help improve the visibility and readability of the billboard.
Power
100W-200W:
100W-200W is outdoor LED billboard light range which has a power rating of 100watt to 200watt. It’s major application areas are advertisement, display and illumination purposes. These products have high power density and can provide a longer life span with less maintenance. The cost associated with these products is higher than traditional billboards but the benefits offered by them makes up for it in the long run thus making it worth it in the end.
Application Insights:
The column billboard application led the global outdoor LED billboard lights market in 2017 and is projected to maintain its dominance over the forecast period. This can be attributed to increasing use of column-based advertising mediums at various events, such as sports games, political gatherings, religious festivals and fairs. Moreover, growing use of column-based advertising medium for brand promotion at various occasions is also expected to drive demand over the forecast period.
The others segment includes wall billboards that are used for advertisement purposes on buildings or walls. Growing urbanization has resulted in increased number of construction activities across developing countries such as India and China which is likely to fuel product demand from 2018 to 2030. In addition, rising consumer preference for digital media due to ease of access along with high cost efficiency will further propel industry growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period owing to increasing adoption of LED display advertising across U.S., Canada, and Mexico. Furthermore, presence of key companies such as Lamar Advertising Company; JCDecaux S.A.; CBS Outdoor Americas Inc.; and Outfront Media Inc., has positively influenced regional growth over the past few years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising disposable income among consumers in developing countries such as China and India along with growing investments by various companies for deploying large-scale digital displays at railway stations, airports, shopping malls, sports stadiums/arenas/stadia etc.). In addition, government initiatives encouraging public transport usage are also likely boost regional demand during future years (ref).
Growth Factors:
- Increasing demand for outdoor LED billboard lights from the advertising industry as a result of growing awareness about the benefits of using these lights over traditional lighting options.
- Rising demand for energy-efficient and eco-friendly lighting solutions, which is driving the adoption of outdoor LED billboard lights across various industries.
- Growing popularity of digital signage and its increasing use in outdoor advertising applications, which is contributing to the growth of the outdoor LED billboard lights market.
- Proliferation of smart cities and development initiatives undertaken by governments around the world to promote sustainable urban development, which is expected to create opportunities for growth in the global market for outdoor LED billboard lights over the next few years. 5) Technological advancements that are taking place in this space with respect to product design and performance are expected to provide impetus to market growth during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Outdoor LED Billboard Lights Market Research Report
By Type
Power<100W, 100W-200W, Power>200W
By Application
Column Billboard, Wall Billboard, Others
By Companies
Osram, Philips, GE Lighting, Acuity Brands, Eaton, Cree, Panasonic, Toshiba, LG, Opple, Hubbell, Nichia, FSL, TCP, Havells, MLS, Lextar
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Outdoor LED Billboard Lights Market Report Segments:
The global Outdoor LED Billboard Lights market is segmented on the basis of:
Types
Power<100W, 100W-200W, Power>200W
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
Column Billboard, Wall Billboard, 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:
- Osram
- Philips
- GE Lighting
- Acuity Brands
- Eaton
- Cree
- Panasonic
- Toshiba
- LG
- Opple
- Hubbell
- Nichia
- FSL
- TCP
- Havells
- MLS
- Lextar
Highlights of The Outdoor LED Billboard Lights 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:
- Power<100W
- 100W-200W
- Power>200W
- By Application:
- Column Billboard
- Wall Billboard
- 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 Outdoor LED Billboard Lights 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?
Outdoor LED Billboard Lights are a type of advertising signage that use bright LED lights to display messages or advertisements. These signs can be used in a variety of settings, including streets, highways, and parking lots.
Some of the key players operating in the outdoor led billboard lights market are Osram, Philips, GE Lighting, Acuity Brands, Eaton, Cree, Panasonic, Toshiba, LG, Opple, Hubbell, Nichia, FSL, TCP, Havells, MLS, Lextar.
The outdoor led billboard lights market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Outdoor LED Billboard Lights 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. Outdoor LED Billboard Lights Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Outdoor LED Billboard Lights Market - Supply Chain
4.5. Global Outdoor LED Billboard Lights Market Forecast
4.5.1. Outdoor LED Billboard Lights Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Outdoor LED Billboard Lights Market Size (000 Units) and Y-o-Y Growth
4.5.3. Outdoor LED Billboard Lights Market Absolute $ Opportunity
5. Global Outdoor LED Billboard Lights 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. Outdoor LED Billboard Lights Market Size and Volume Forecast by Type
5.3.1. Power<100W
5.3.2. 100W-200W
5.3.3. Power>200W
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Outdoor LED Billboard Lights 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. Outdoor LED Billboard Lights Market Size and Volume Forecast by Application
6.3.1. Column Billboard
6.3.2. Wall Billboard
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Outdoor LED Billboard Lights 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. Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights 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. Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights Demand Share Forecast, 2019-2026
9. North America Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights Market Size and Volume Forecast by Application
9.4.1. Column Billboard
9.4.2. Wall Billboard
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Outdoor LED Billboard Lights Market Size and Volume Forecast by Type
9.7.1. Power<100W
9.7.2. 100W-200W
9.7.3. Power>200W
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 Outdoor LED Billboard Lights Demand Share Forecast, 2019-2026
10. Latin America Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights Market Size and Volume Forecast by Application
10.4.1. Column Billboard
10.4.2. Wall Billboard
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Outdoor LED Billboard Lights Market Size and Volume Forecast by Type
10.7.1. Power<100W
10.7.2. 100W-200W
10.7.3. Power>200W
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 Outdoor LED Billboard Lights Demand Share Forecast, 2019-2026
11. Europe Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights Market Size and Volume Forecast by Application
11.4.1. Column Billboard
11.4.2. Wall Billboard
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Outdoor LED Billboard Lights Market Size and Volume Forecast by Type
11.7.1. Power<100W
11.7.2. 100W-200W
11.7.3. Power>200W
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth 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 Outdoor LED Billboard Lights Demand Share, 2019-2026
12. Asia Pacific Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights Market Size and Volume Forecast by Application
12.4.1. Column Billboard
12.4.2. Wall Billboard
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Outdoor LED Billboard Lights Market Size and Volume Forecast by Type
12.7.1. Power<100W
12.7.2. 100W-200W
12.7.3. Power>200W
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 Outdoor LED Billboard Lights Demand Share, 2019-2026
13. Middle East & Africa Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights 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 Outdoor LED Billboard Lights Market Size and Volume Forecast by Application
13.4.1. Column Billboard
13.4.2. Wall Billboard
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Outdoor LED Billboard Lights Market Size and Volume Forecast by Type
13.7.1. Power<100W
13.7.2. 100W-200W
13.7.3. Power>200W
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 Outdoor LED Billboard Lights Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Outdoor LED Billboard Lights Market: Market Share Analysis
14.2. Outdoor LED Billboard Lights Distributors and Customers
14.3. Outdoor LED Billboard Lights Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Osram
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE Lighting
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Acuity Brands
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Eaton
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cree
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Opple
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hubbell
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nichia
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. FSL
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TCP
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Havells
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. MLS
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Lextar
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
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
