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Outdoor LED Display Market Predicted to Reach $11.86 Billion by 2027, at 9.20% CAGRRise in digital advertisements, enhanced power efficiency, and surge in number of digital sponsorships drive the growth of the global outdoor LED display market. PORTLAND, Ore., April 14, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Outdoor LED Display Market by Type (Surface Mounted and Individually Mounted), and Application (Billboards, Mobile LED Displays, Perimeter Boards, Traffic Lights, Video Walls, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report published, the global outdoor LED display market garnered $7.42 billion in 2019, and is expected to reach $11.86 billion by 2027, registering a CAGR of 9.20% from 2020 to 2027.  Key determinants of the market- Rise in digital advertisements, enhanced power efficiency, and surge in number of digital sponsorships drive the growth of the global outdoor LED display market. Nevertheless, high investments and installation costs impede the market growth. Contrarily, alternate LED advertisement designs to offers novel opportunities in the near future. Get Instant Access – Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2353 Covid-19 scenario:
The individually mounted segment dominated the market in 2019- Based on type, the individually mounted segment held the largest share in 2019, accounting for nearly three-fifths of the global outdoor LED display market, and is estimated to maintain its dominant position during the forecast period. The individually mounted LED display provides several features such as better ultraviolet (UV) protection function, waterproof, higher brightness, better moisture protection, and quality performance of LEDs, which drive the growth of the segment. Nevertheless, the surface mounted segment is projected to register the highest CAGR of 9.8% from 2020 to 2027. This is due to increase in demand for commercial displays and features such as high denser packaging & high production rate with improved brightness. Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/2353 The billboards segment to lead the trail throughout 2027- Based on application, the billboards segment accounted for the highest share in 2019, contributing to more than one-third of the global outdoor LED display market, and is anticipated to continue the largest share throughout the forecast period. This is owing to companies promoting & discovering their product launch on billboard, because ofits highly cost-effective, and 24/7 display information with numerous designs in the market. On the other hand, the traffic lights segment is estimated o portray the fastest CAGR of 11.4% during the forecast period. This is due to surge in usage of LED traffic lights for controlling traffic, which has effectively reduced the use of manpower for controlling the traffic. Furthermore, its low maintenance and replacement expenses are some of the factors that drive the growth of the segment. Asia-Pacific, followed by North America, to rule the roost by 2027- Based on region, Asia-Pacific, followed by North America held the largest share, accounting for more than one-third of the global outdoor LED display market share in 2019, and is estimated to maintain the highest share during the forecast period. In addition, this region is also expected to register at the highest CAGR of 10.5% from 2020 to 2027, owing to increase in production and consumption of outdoor LED displays & semiconductors, and large investments for advertisement fields in the countries such as such as, China, India, Japan, Taiwan, and South Korea. Leading players in the market:
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/2353 Similar Reports We Have on Semiconductor Industry: Digital-Out-Of-Home (DOOH) Market by Format Type (Billboard, Transit, Street Furniture and Others), by Application (Indoor and Outdoor) and by End User (Automotive, Personal Care & Household, Entertainment, Retail, Food & Beverages, Telecom, BFSI, and Others) - Global Opportunities Analysis and Industry Forecast, 2020-2027 Digital Signage Market by Offering (Hardware, Software, and Service), Product (Single Screen Display, Video wall, and Kiosk) and Location (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2019–2026 Flat Panel Display Market by Technology (OLED, Quantum Dot, LED, LCD, and Others), Application (Smartphone & Tablet, Smart Wearable, Television & Digital Signage, PC & Laptop, Vehicle Display, and Others), and Industry Vertical (Healthcare, Retail, BFSI, Military & Defense, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 Interactive Display Market by Panel Type (Flat Panel, Flexible Panel, and Transparent Panel), Technology (OLED, LED, LCD, and QD), Screen Size(Less than 35", 35" to 60", and More than 60"), Application (Interactive Table, Interactive Monitor, Interactive Kiosk, Interactive Whiteboard, and Video Wall), and End User (Healthcare, Retail, BFSI, Military & Defense, Transportation, Education, and Other): Global Opportunity Analysis and Industry Forecast, 2019-2026 3D Display Market by Type (Volumetric Display, Stereoscopic Display, and HMD), Technology (Digital Light Processing (DLP), Plasma Display Panels (PDP), Organic LEDs (OLED), and LED), Access Methods (Screen Based Display and Micro Display), and Application (TV, Smartphones, Monitor, Mobile Computing Devices, Movie Projectors, HMD, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2027 Micro-LED Display Market by Product (Large Scale Display, Small & Medium-sized Display, and Micro Display), Application (Smartphone & Tablet, PC & Laptop, TV, Smartwatch, and Others), and Industry Vertical (Consumer Electronics, Entertainment & Sports, Automotive, Retail, Government & Defense, and Others) - Global Opportunity Analysis and Industry Forecast, 2019-2027 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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