LED Modular Display Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2031
LED Modular Display Market Overview
LED Modular Display market is anticipated to grow with a
tremendous growth rate in the forecast period. According to study the LED
Modular Display market is projected to expand between 10% and 14% CAGR during
the 2021 to 2031 assessment period
The growing adoption in a variety of applications, such as
retail stores, air terminals/railways, media and marketing, sports and
entertainment, theatres, and control rooms, is expected to fuel market growth
throughout the forecast period.
What is Driving
Demand for LED Modular Display
The LED modular display allows any screen size or
configuration to be created. This displays are designed for indoor and outdoor
use.
This displays consist of flat panel display, which integrates the LEDs and the rest
of the necessary electronics. Growing prominence in the sports and advertising
industry has been one of the significant factor driving the market.
This displays are emerging as one of the preferred solutions
for advertising activities. Furthermore according to industry experts, LED
displays has observed tremendous growth in couple of years and this trend is
anticipated to continue in future, as the adoption rate of this displays
increases, sales will increase and a steady decline in prizes will be observed
the fore coming years.
This decline in prizes is set benefit market in the forecast
period.
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Which Trend is
influencing the LED Modular Display Market
Due to the high pixel density and customizability on offer,
the emerging trend of smart homes is positively affecting their demand.
Furthermore, because of their small size, lightweight, and simple installation,
LED displays are gaining appeal in the corporate sector for displaying products
and important information.
Aside from that, the product has been designed to survive
harsh weather conditions and change their brightness, owing to which their
adoption in amusement parks is increasing.
U.S. Market Growth
Outlook
The U.S. market was critically impacted by Covid-19 pandemic
in 2020 wherein the tourism & recreation industry were closed due to
lockdown. However as the vaccination pace is increasing in the country and
gradual lifting of lockdowns, the market is anticipated to return on pre
pandemic levels in next few quarters.
U.S. market dominates the LED Modular
Display market as a result of increasing investment in
R&D to provide manufacturers with sustainable, energy efficient
options.
Additionally, the U.S. has a prominent share of sports
stadiums, as the country’s high schools as well as colleges have sports
stadiums which are unique to American sporting culture. This factor compliments
the growth of LED Modular Display market in the country.
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India Demand
Potential for LED Modular Display
The LED display modular market in India is expected to grow
on account of increasing advertising spending by companies on the number
of promotional campaigns and the volume of marketing activities in the Indian
market.
To display promotional materials, several of these players
are turning to attractive commercial displays and other solutions.
Furthermore, infrastructure development, as well as the development of the
retail and tourism industries, would drive demand in numerous parts of the
country during the projection period.
However, due to a lack of awareness and adoption
of such solutions in the country's semi-urban and rural areas, the LED modular
display market is yet to grow on a larger scale.
Who are the Key
Manufacturers and Suppliers of LED Modular Display
Some of the leading manufacturers of LED Modular Display
include
- NEC
Corporation
- Barco NV
- Samsung
Electronics Co., Ltd. (Samsung Group).
- Shenzhen
Absen Optoelectronic Co Ltd.
- Yaham
Optoelectronics Co., Ltd..
- Sony Corporation
- Panasonic
Corporation and others
Market participants are investing in innovation and R &
D, although this requires a larger budget, which raises the overall cost
of the displays, which has prompted manufacturers to provide LED modular
displays for rent. Additionally, manufacturers are focusing on providing energy
efficient options.
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market
trends, macro-economic indicators and governing factors along with market
attractiveness as per segments.
The report also maps the qualitative impact of various
market factors on market segments and geographies.
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LED Modular Display
Market Report Highlights:
- DetaiLED
overview of parent market
- Changing
market dynamics in the industry
- In-depth
market segmentation
- Historical,
current and projected market size in terms of volume and value
- Recent
industry trends and developments
- Competitive
landscape
- Strategies
of key players and products offered
- Potential
and niche segments, geographical regions exhibiting promising growth
- A
neutral perspective on market performance
- Must-have
information for market players to sustain and enhance their market
footprint
NOTE - All statements of fact, opinion, or analysis
expressed in reports are those of the respective analysts. They do not necessarily
reflect formal positions or views of the company.
Key Segments
By Site:
- Outdoor
- Indoor
By End Use:
- Retail
- Sports
& Recreation
- Healthcare
- Transportation
- Telecommunication
& IT
- Others
By Region:
- North
America
- US
- Canada
- Latin
America
- Brazil
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Spain
- BENELUX
- Russia
- Nordics
- East
Asia
- China
- Japan
- South
Korea
- South
Asia & Pacific
- India
- ASEAN
Countries
- Oceania
- Middle
East and Africa
- GCC
Countries
- Turkey
- North
Africa
- South
Africa
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