Led Modular Display Market
LED Modular Display Market Forecasts to 2030 - Global Analysis By Type (Flat, Curved and Flexible), Color Display (Monochrome LED Displays, Full-Color LED Displays, Customizable Color Displays and Other Color Displays), Pixel Pitch, Control System, Installation, Technology, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $7.82 BN |
|
Projected Year Value (2030) |
US $15.64 BN |
|
CAGR (2023 - 2030) |
16.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global LED Modular Display Market is accounted for $7.82 billion in 2023 and is expected to reach $15.64 billion by 2030 growing at a CAGR of 16.2% during the forecast period. LED Modular Display is a versatile and dynamic visual technology that uses light-emitting diodes (LEDs) to create large, customizable screens. Comprising individual modules, these displays offer seamless assembly for various sizes and shapes. They are well known for vibrant colors, high brightness, and energy efficiency. Their modular nature allows easy maintenance and upgrades, ensuring longevity and adaptability.
According to The Ministry of Electronics and Information Technology (MEITY), India, Light emitting diodes production across India was valued at about INR 163 billion (USD 1.98 billion) in the financial year 2021.
Market Dynamics:
Driver:
Increasing demand for digital signage
The use of LED modular displays for digital signage solutions has surged as businesses and organisations discover how effective dynamic and engaging visual communication can be. These displays offer vibrant colors, high resolution, and flexibility in design, making them ideal for various applications such as retail, hospitality, and advertising. The rising trend of interactive and immersive customer experiences further fuels the demand for LED modular displays, positioning them as a key driver in the expanding digital signage market.
Restraint:
Limited view angles
LED modular displays have limited view angles due to the nature of their construction. The viewing angle is affected by the arrangement of LEDs and the design of the display module. Potential customers or audiences outside the optimal viewing range may experience distorted or dim images. This limitation hampers the market as it restricts the optimal visibility of content from various perspectives, impacting the effectiveness of advertising and communication.
Opportunity:
Rising popularity of high-definition displays
The increasing popularity of high-definition displays is driving the LED modular displays as consumers demand superior visual experiences. LED modular displays offer exceptional resolution, vibrant colors, and seamless scalability, aligning with the heightened expectations for clarity in modern content consumption. The technology's versatility and capacity to deliver stunning, high-definition visuals position it as a preferred choice for various industries seeking impactful visual communication solutions.
Threat:
High initial & maintenance costs
LED modular displays often entail high initial and maintenance costs due to the advanced technology, precision manufacturing, and quality components involved. The initial investment includes purchasing premium LED modules, control systems, and installation expenses. Additionally, ongoing maintenance costs arise from potential component failures or the need for periodic calibration. This cost factor hampers market growth as businesses may hesitate to invest in expensive display solutions, impacting adoption rates.
Covid-19 Impact
The covid pandemic initially hindered the LED modular display market as manufacturing and supply chains faced disruptions. With lockdowns and economic uncertainties, demand slowed, affecting installation projects. However, the market rebounded as businesses adapted to the new normal, emphasizing digital communication. The need for dynamic displays in healthcare, retail, and virtual events surged. The pandemic accelerated the adoption of LED modular displays for versatile, attention-grabbing communication.
The wireless control system segment is expected to be the largest during the forecast period
The wireless control system segment is estimated to have a lucrative growth. Wireless control systems in LED modular displays enhance flexibility and convenience. These systems allow users to remotely manage content, brightness, and scheduling, streamlining operations. The absence of physical connections simplifies installation, reducing clutter and maintenance efforts. Wireless control enables real-time adjustments, making it easier to adapt displays to changing environments or events. This technology is pivotal for applications where wired connections are impractical.
The sports & entertainment segment is expected to have the highest CAGR during the forecast period
The sports & entertainment segment is anticipated to witness the highest CAGR growth during the forecast period. LED modular displays revolutionize sports and entertainment with dynamic visuals. In stadiums, they enhance fan experiences by showcasing live-action, replays, and engaging graphics. They create immersive environments, boosting audience engagement and sponsor visibility. In concerts and events, these displays deliver vibrant backdrops, synchronized effects, and interactive elements, elevating the overall experience. Their versatility allows for flexible configurations, adapting to different venues and content requirements.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the mounting urbanization, infrastructure development, and a surge in demand for digital signage. Countries like China, Japan, and South Korea have been pivotal in market expansion, deploying LED displays in retail, advertising, and entertainment. The region's rapid economic growth, coupled with advancements in display technologies, has propelled the adoption of LED modular displays. Additionally, the rise of smart cities and the growing popularity of large-scale events in the region further contribute to the flourishing LED modular display market in Asia-Pacific.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to its strong economic development and a surge in demand for innovative visual communication solutions. The region is witnessing widespread adoption of digital advertising, retail displays, and outdoor signage. Technological advancements, coupled with a focus on interactive and dynamic content, have propelled the popularity of LED modular displays. Moreover, the increasing use of these displays in sectors like sports, entertainment, and corporate events has contributed to the market's success, reflecting a trend towards immersive and engaging visual experiences in North America.
Key players in the market
Some of the key players profiled in the LED Modular Display Market include Samsung Electronics, LG Display Limited, Sony Corporation, Barco NV, Leyard Optoelectronic Limited, Daktronics Limited, Unilumin Group, Absen Optoelectronics Limited, Shenzhen Mary Photoelectricity Limited, Christie Digital Systems, NEC Display Solutions Limited, Panasonic Corporation, Toshiba Corporation, PixelFLEX LED and Lighthouse Technologies Limited.
Key Developments:
In August 2023, LG Electronics (LG) launched the new Micro LED signage solution, the LG MAGNIT All-in-One (model LAAA). Ideal for corporate meeting rooms, the impressive 136-inch model combines a premium screen featuring LG’s advanced Micro LED technology and a 1.56-millimeter pixel pitch with a built-in controller and speaker.
In January 2023, Sony Electronics launched two scalable new series of their award-winning Crystal LED premium displays. The bright and rich BH-series (ZRD-BH12D and ZRD-BH15D) and the immersive CH-series (ZRD-CH12D and ZRD-CH15D) are designed for corporations, retail environments and screening rooms.
Types Covered:
• Flat
• Curved
• Flexible
Color Displays Covered:
• Monochrome LED Displays
• Full-Color LED Displays
• Customizable Color Displays
• Other Color Displays
Pixel Pitches Covered:
• Fine Pixel Pitch
• Coarse Pixel Pitch
• Standard Pixel Pitch
• Other Pixel Pitches
Control Systems Covered:
• Synchronous Control System
• Asynchronous Control System
• Wireless Control System
• Cloud-Based Control System
• Mobile App Control
• Other Control Systems
Installations Covered:
• Wall-Mounted LED Displays
• Hanging LED Displays
• Floor Standing LED Displays
Technologies Covered:
• Surface-Mounted Device (SMD) LED Displays
• Dip LED Displays
• Organic LED (OLED) Displays
• Transparent LED Displays
• Other Technologies
Applications Covered:
• Outdoor LED Displays
• Indoor LED Displays
• Rental LED Displays
• Fixed LED Displays
End Users Covered:
• Retail & Hospitality
• Sports & Entertainment
• Transportation
• Healthcare
• Education
• Government & Public Services
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global LED Modular Display Market, By Type
5.1 Introduction
5.2 Flat
5.3 Curved
5.4 Flexible
6 Global LED Modular Display Market, By Color Display
6.1 Introduction
6.2 Monochrome LED Displays
6.3 Full-Color LED Displays
6.4 Customizable Color Displays
6.5 Other Color Displays
7 Global LED Modular Display Market, By Pixel Pitch
7.1 Introduction
7.2 Fine Pixel Pitch
7.3 Coarse Pixel Pitch
7.4 Standard Pixel Pitch
7.5 Other Pixel Pitches
8 Global LED Modular Display Market, By Control System
8.1 Introduction
8.2 Synchronous Control System
8.3 Asynchronous Control System
8.4 Wireless Control System
8.5 Cloud-Based Control System
8.6 Mobile App Control
8.7 Other Control Systems
9 Global LED Modular Display Market, By Installation
9.1 Introduction
9.2 Wall-Mounted LED Displays
9.3 Hanging LED Displays
9.4 Floor Standing LED Displays
10 Global LED Modular Display Market, By Technology
10.1 Introduction
10.2 Surface-Mounted Device (SMD) LED Displays
10.3 Dip LED Displays
10.4 Organic LED (OLED) Displays
10.5 Transparent LED Displays
10.6 Other Technologies
11 Global LED Modular Display Market, By Application
11.1 Introduction
11.2 Outdoor LED Displays
11.3 Indoor LED Displays
11.4 Rental LED Displays
11.5 Fixed LED Displays
12 Global LED Modular Display Market, By End User
12.1 Introduction
12.2 Retail & Hospitality
12.3 Sports & Entertainment
12.4 Transportation
12.5 Healthcare
12.6 Education
12.7 Government & Public Services
12.8 Other End Users
13 Global LED Modular Display Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 Samsung Electronics
15.2 LG Display Limited
15.3 Sony Corporation
15.4 Barco NV
15.5 Leyard Optoelectronic Limited
15.6 Daktronics Limited
15.7 Unilumin Group
15.8 Absen Optoelectronics Limited
15.9 Shenzhen Mary Photoelectricity Limited
15.10 Christie Digital Systems
15.11 NEC Display Solutions Limited
15.12 Panasonic Corporation
15.13 Toshiba Corporation
15.14 PixelFLEX LED
15.15 Lighthouse Technologies Limited
List of Tables
1 Global LED Modular Display Market Outlook, By Region (2021-2030) ($MN)
2 Global LED Modular Display Market Outlook, By Type (2021-2030) ($MN)
3 Global LED Modular Display Market Outlook, By Flat (2021-2030) ($MN)
4 Global LED Modular Display Market Outlook, By Curved (2021-2030) ($MN)
5 Global LED Modular Display Market Outlook, By Flexible (2021-2030) ($MN)
6 Global LED Modular Display Market Outlook, By Color Display (2021-2030) ($MN)
7 Global LED Modular Display Market Outlook, By Monochrome LED Displays (2021-2030) ($MN)
8 Global LED Modular Display Market Outlook, By Full-Color LED Displays (2021-2030) ($MN)
9 Global LED Modular Display Market Outlook, By Customizable Color Displays (2021-2030) ($MN)
10 Global LED Modular Display Market Outlook, By Other Color Displays (2021-2030) ($MN)
11 Global LED Modular Display Market Outlook, By Pixel Pitch (2021-2030) ($MN)
12 Global LED Modular Display Market Outlook, By Fine Pixel Pitch (2021-2030) ($MN)
13 Global LED Modular Display Market Outlook, By Coarse Pixel Pitch (2021-2030) ($MN)
14 Global LED Modular Display Market Outlook, By Standard Pixel Pitch (2021-2030) ($MN)
15 Global LED Modular Display Market Outlook, By Other Pixel Pitches (2021-2030) ($MN)
16 Global LED Modular Display Market Outlook, By Control System (2021-2030) ($MN)
17 Global LED Modular Display Market Outlook, By Synchronous Control System (2021-2030) ($MN)
18 Global LED Modular Display Market Outlook, By Asynchronous Control System (2021-2030) ($MN)
19 Global LED Modular Display Market Outlook, By Wireless Control System (2021-2030) ($MN)
20 Global LED Modular Display Market Outlook, By Cloud-Based Control System (2021-2030) ($MN)
21 Global LED Modular Display Market Outlook, By Mobile App Control (2021-2030) ($MN)
22 Global LED Modular Display Market Outlook, By Other Control Systems (2021-2030) ($MN)
23 Global LED Modular Display Market Outlook, By Installation (2021-2030) ($MN)
24 Global LED Modular Display Market Outlook, By Wall-Mounted LED Displays (2021-2030) ($MN)
25 Global LED Modular Display Market Outlook, By Hanging LED Displays (2021-2030) ($MN)
26 Global LED Modular Display Market Outlook, By Floor Standing LED Displays (2021-2030) ($MN)
27 Global LED Modular Display Market Outlook, By Technology (2021-2030) ($MN)
28 Global LED Modular Display Market Outlook, By Surface-Mounted Device (SMD) LED Displays (2021-2030) ($MN)
29 Global LED Modular Display Market Outlook, By Dip LED Displays (2021-2030) ($MN)
30 Global LED Modular Display Market Outlook, By Organic LED (OLED) Displays (2021-2030) ($MN)
31 Global LED Modular Display Market Outlook, By Transparent LED Displays (2021-2030) ($MN)
32 Global LED Modular Display Market Outlook, By Other Technologies (2021-2030) ($MN)
33 Global LED Modular Display Market Outlook, By Application (2021-2030) ($MN)
34 Global LED Modular Display Market Outlook, By Outdoor LED Displays (2021-2030) ($MN)
35 Global LED Modular Display Market Outlook, By Indoor LED Displays (2021-2030) ($MN)
36 Global LED Modular Display Market Outlook, By Rental LED Displays (2021-2030) ($MN)
37 Global LED Modular Display Market Outlook, By Fixed LED Displays (2021-2030) ($MN)
38 Global LED Modular Display Market Outlook, By End User (2021-2030) ($MN)
39 Global LED Modular Display Market Outlook, By Retail & Hospitality (2021-2030) ($MN)
40 Global LED Modular Display Market Outlook, By Sports & Entertainment (2021-2030) ($MN)
41 Global LED Modular Display Market Outlook, By Transportation (2021-2030) ($MN)
42 Global LED Modular Display Market Outlook, By Healthcare (2021-2030) ($MN)
43 Global LED Modular Display Market Outlook, By Education (2021-2030) ($MN)
44 Global LED Modular Display Market Outlook, By Government & Public Services (2021-2030) ($MN)
45 Global LED Modular Display Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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