Quadintel published a recovery-based report for Global “LED Modular Display Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Global LED modular display Market is valued at approximately USD 5.49 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.20% over the forecast period 2020-2027.
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A LED modular display cabinet can be defined as an autonomous unit which can be combined to make a more complicated structure like a total LED display or sign. It has various advantages which includes expanded productivity, more reliable assembling, quick lead time and others. The major factor which is driving the LED Modular display is increasing adoption of LED modular display across various industry verticals such as retail stores, airports, advertising, auditorium and others. Additionally, increasing number of outdoor events such as social media advertisements, dynamic content, sports event, and music concerts etc. is also expected to accelerate the growth of market over the forecast years. For instance: as per Nielsen survey, over 75% of customer who travel roadways having digital billboards can easily recall seeing one within the past month alongside 55% of such customers can recall the signs message most of the time or every time they pass by. Additionally, over 66 million music tour tickets were sold globally in 2017, marking the highest total in that years. Hence, the rise in outdoor advertising and music concert worldwide is stimulating the market growth over the forecast years. However, the high cost of LED modular display is the major factor restraining the growth of market.
The regional analysis of the global LED modular display Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. European region accounts for the largest share in the global LED modular display market due to the significant demand stemming from the digital-out-of-home (DOOH) advertising projects and the growing adoption of the technologies in the U.K., Germany, Italy, and Belgium among other countries. However, Asia Pacific is expected to grow with highest CAGR across the globe in the global LED modular display market due to the continuous developments of public venues and the subsequent adoption of modern display technologies for advertising purposes.
Major market player included in this report are:
Samsung
Shenzhen Absen Optoelectronic CO., LTD
Yaham Optoelectronics Co., Ltd
NEC Display Solutions
Prismaflex
Planar (LEYARD)
Pixelflex
PRO Display
Barco
Sony corporation
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Outdoor Modular screens
Indoor Modular screens
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each types and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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