From over course of the projected period, an increase in high-quality development projects, such as shopping malls and multiplexes, is expected to propel the expansion of the worldwide outdoor LED displays market. The installation of LED display matrices, LED billboards, and LED video walls has expanded as a result of the growing building of commercial infrastructure such as retail malls, multiplexes, and commercial centres. The introduction of cutting-edge techniques has hastened the building of upscale malls and complexes, where LED video walls, LED displays, and LED billboards are increasingly being used for client advertisements. Moreover, as part of their paid advertising for their patrons, multiplexes are using high definition LED screens to project movies and videos.
Global Outdoor LED Displays Market was valued at US$ 14,134.88 Mn in 2021 and is expected to reach US$ 52,404.14 Mn by 2030, growing at a CAGR of 15.9% between 2022 and 2030.
Leading Companies in the Outdoor LED Displays Industry:
1. LG Electronics Inc.
LG Electronics Inc., together with its subsidiaries, manufactures and sells consumer electronics, mobile communications, and home appliances worldwide. LG Electronics Inc. was founded in 1958 and is headquartered in Seoul, South Korea. In January, 2023 LG Electronics (LG) is unveiling its Smart Cam Pro (model AN-VC22PR), a 4K video camera designed for use in hospitals and healthcare centers.
2. Barco N.V.
Barco NV, together with its subsidiaries, develops visualization solutions for the entertainment, enterprise, and healthcare markets worldwide. Barco NV was founded in 1934 and is headquartered in Kortrijk, Belgium. In January, 2023 Barco introduces the new Pulse Mobile App and an update of the Insights Management Suite platform.
3. Daktronics Inc.
Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota. In January, 2023 Daktronics, Inc. Partnered with Qatar’s Elan Media to design, manufacture and install 38 digital LED displays in Out of Home (OOH) locations in Doha in the fall of 2022
4. Toshiba Corporation
Toshiba Corporation, together with its subsidiaries, provides electronic devices and storage solutions worldwide. Toshiba Corporation was founded in 1875 and is headquartered in Tokyo, Japan.
5. Sony Corporation
Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets. Sony Group Corporation was incorporated in 1946 and is headquartered in Tokyo, Japan.
6. Panasonic Corporation
Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells, and services various electrical and electronic products worldwide. Panasonic Holdings Corporation was founded in 1918 and is headquartered in Kadoma, Japan.
7. Leyard Opto-Electronic Company Ltd.
Leyard Optoelectronic Co., Ltd. operates as an audio-visual technology company worldwide. Leyard Optoelectronic Co., Ltd. was incorporated in 1995 and is headquartered in Beijing, China.
8. Lighthouse Technologies Ltd.
Since 1997, Lighthouse Technologies is an innovative leader in direct-view LED video display solution. It has headquarters situated in New Territories, Hong Kong.
*Definition - LED billboards, mobile screens, LED video walls, perimeter LED displays, and LED matrix displays are examples of electric and electrical goods used outdoors that use light-emitting diodes (LEDs).
