Portland, OR, Nov. 02, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global outdoor led display market generated $6.39 billion in 2020, and is expected to reach $14.52 billion by 2030, registering a CAGR of 9.1% from 2021 to 2030.
Rise in digital advertisements, power efficiency feature, and high digital sponsorship & information displayers have boosted the growth of the global outdoor LED display market. However, high installation & initial cost hinders the market growth. On the contrary, alternate LED advertisement designs are expected to open new opportunities for the market players in the future.
Download Free Sample Report (Get Detailed Analysis in PDF – 268+ Pages) @ https://www.alliedmarketresearch.com/request-sample/2353
Covid-19 Scenario:
- The advent of Covid-19 adversely affected the demand for outdoor LED display due to decline in advertising expenditure.
- Moreover, huge workforce of enterprises across the globe work from home, which hindered the demand for outdoor LED display.
- On the other hand, the prolonged lockdown across several regions disrupted the supply chain and increased the prices of raw materials.
The report segments the global outdoor LED display market on the basis of type, application, and region.
Based on type, the surface mounted segment is expected to portray the highest CAGR of 9.8% during the forecast period. However, the individually mounted segment held the largest share in 2020, contributing to more than half of the market.
Interested to Procure the Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/2353
On the basis of application, the smart building AV segment is projected to manifest the highest CAGR of 12.5% during the forecast period. However, the pro AV segment held the lion’s share in 2020, accounting for more than one-fourth of the market.
The global outdoor LED display market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2020, holding more than one-third of the market. Moreover, region is projected to showcase the highest CAGR of 10.6% during the forecast period.
Get Detailed COVID-19 Impact Analysis on the Global Outdoor LED Display Market @ https://www.alliedmarketresearch.com/request-for-customization/2353?reqfor=covid
The global outdoor LED display market report includes an in-depth analysis of the prime market players such as Barco, Daktronics, Inc., Galaxia Electronics, Electronic Displays Inc., Lighthouse Technologies Limited, Leyard, LG Electronics, Panasonic Corporation, Sony Corporation, and Toshiba Tec Corporation.
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying @ https://www.alliedmarketresearch.com/avenue/trial/starter
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
