Global Outdoor LED display market to scale $40 billion
By M4G Bureau - April 06, 2018
Constant new product innovation and integration of advanced technology are key characteristics of the market, garnering consumer attention
The global outdoor LED display market is projected to reach over $40 billion by 2025, exhibiting a CAGR of 9.56% over the forecast period of 2017 to 2025 as per the study conducted by Coherent Market Insights. The Outdoor LED display market is primarily driven by the innovation and modernisation offered by LED lighting systems over incandescent and fluorescent lamps. Additionally, the energy efficiency of LED lights, longer lifetime, HD resolution, good pixel, enhanced physical strength, smaller size, design flexibility, and environment friendly are some factors offering incredible market opportunities for Outdoor LED display manufacturers.
Constant new product innovation and integration of advanced technology is a key characteristic of the market, garnering consumer attention. Rampant growth in demand for screen and display backlighting are expected to offer new growth avenues for the outdoor LED display market.