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Outdoor LED Display Market Trends

  • Report ID: GMI717
  • Published Date: Sep 2024
  • Report Format: PDF

Outdoor LED Display Market Trends

The outdoor LED display industry is experiencing a significant shift towards energy efficiency and sustainability, reflecting a broader industry trend driven by increasing environmental concerns. Modern LED displays incorporate advanced technologies designed to optimize energy consumption. Key features include low-power LEDs and intelligent dimming systems that adjust brightness based on ambient light conditions. These innovations reduce operational costs and lower carbon footprints, aligning with global environmental goals. Additionally, manufacturers are adopting sustainable production practices, such as using recyclable materials and eco-friendly components. This commitment to sustainability not only complies with regulatory requirements but also appeals to environmentally conscious consumers and businesses. As a result, LED displays are becoming more attractive to stakeholders who prioritize both economic and environmental benefits. The focus on energy efficiency and sustainability is thus playing a crucial role in shaping the market, driving innovation, and supporting long-term environmental preservation.
 

For instance, in November 2022, Signify unveiled its Ultra Efficient product lineup, featuring advanced MASTER LEDbulbs and LEDtubes that lead in energy efficiency. Complying with the latest Ecodesign and Energy Labelling Regulations, these products offer up to 60% energy savings and a lifespan 3.5 times longer, aiding in reducing carbon footprints amid the global energy crisis.
 

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The outdoor LED display market was valued at USD 9.3 billion in 2023 and is anticipated to grow at over 10% CAGR between 2024 and 2032 driven by the increasing adoption of digital advertising.

The tri-color display segment in the outdoor LED display will witness over 10% CAGR between 2024 and 2032 due to their optimal balance of performance, cost, and visual appeal.

North America market held over 36% share in 2023 backed by advanced infrastructure, significant advertising investments, and technological innovation.

Samsung Electronics Co., Ltd., LG Electronics, Sony Corporation, Panasonic Holdings Corporation, Barco, NEC Display Solutions, and Toshiba Corporation

Outdoor LED Display Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 246
  • Countries covered: 21
  • Pages: 163
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