LED Modular Display Market Size, Share & Trends Analysis Report By Type (Indoor Modular Screens, Outdoor Modular Screens), By Region, And Segment Forecasts, 2020 - 2027
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LED Modular Display Market Growth & Trends
The global LED modular display market size is expected to reach USD 12.59 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 13.2% during the forecast period. The increasing need to display multiple information coupled with the upcoming outdoor events across the developed and emerging economies is expected to drive overall market growth. LED modular display is a flat panel display that integrates the LEDs and the rest of the necessary electronics, that are used as video wall or large format display. They are predominantly used for outdoor and indoor applications such as retail, outdoor sports, and public spaces. Thus, increasing adoption of LED modular displays across several applications such as retail stores, media, and advertising, airports/ railways, sports and entertainment, control room, and auditoriums, among others, will fuel the market growth.
Due to the COVID-19 pandemic, the demand for LED modular displays declined in 2020. However, in the forthcoming years, the demand is expected to increase owing to the resumption of public gathering, outdoor events, sporting events, and business conferences, among others. In July 2020, Shenzhen Absen Optoelectronic Co., Ltd.’s 350-sqm LED displays were deployed at the Dubai World Trade Center for the Dubai Summer Conference. The Ai Everything x Restart Summer conference was the first live in-person global event that was organized after the COVID-19 pandemic. The LED displays included a hanging display and a massive stage backdrop to maximize the presentation and create an immersive environment in the exhibition space.
The Asia Pacific regional market is estimated to expand at the highest CAGR over the forecast period. Retailers operating in Japan, South Korea, and India, among other Asia Pacific economies, are keen on installing large LED display or video walls for advertising purposes and installing such displays outside the retail outlets to attract more customers. Besides, the shipments for LED modular displays are expected to increase in 2021 as the country prepares for the Olympic Games.
LED Modular Display Market Report Highlights
LED Modular Display Market Growth & Trends
The global LED modular display market size is expected to reach USD 12.59 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 13.2% during the forecast period. The increasing need to display multiple information coupled with the upcoming outdoor events across the developed and emerging economies is expected to drive overall market growth. LED modular display is a flat panel display that integrates the LEDs and the rest of the necessary electronics, that are used as video wall or large format display. They are predominantly used for outdoor and indoor applications such as retail, outdoor sports, and public spaces. Thus, increasing adoption of LED modular displays across several applications such as retail stores, media, and advertising, airports/ railways, sports and entertainment, control room, and auditoriums, among others, will fuel the market growth.
Due to the COVID-19 pandemic, the demand for LED modular displays declined in 2020. However, in the forthcoming years, the demand is expected to increase owing to the resumption of public gathering, outdoor events, sporting events, and business conferences, among others. In July 2020, Shenzhen Absen Optoelectronic Co., Ltd.’s 350-sqm LED displays were deployed at the Dubai World Trade Center for the Dubai Summer Conference. The Ai Everything x Restart Summer conference was the first live in-person global event that was organized after the COVID-19 pandemic. The LED displays included a hanging display and a massive stage backdrop to maximize the presentation and create an immersive environment in the exhibition space.
The Asia Pacific regional market is estimated to expand at the highest CAGR over the forecast period. Retailers operating in Japan, South Korea, and India, among other Asia Pacific economies, are keen on installing large LED display or video walls for advertising purposes and installing such displays outside the retail outlets to attract more customers. Besides, the shipments for LED modular displays are expected to increase in 2021 as the country prepares for the Olympic Games.
LED Modular Display Market Report Highlights
- The indoor modular display segment is projected to expand at the fastest CAGR of 13.6% over the forecast period owing to rising demand for installation in venues, such as indoor arenas, retail stores, hotels, and restaurants
- The European market held the largest share in 2019 as the region has massive adoption of LED modular display technologies in economies such as Germany, Italy, and Belgium
- The large market players are continuously pursuing various initiatives to develop and manufacture large LED modular displays for indoor and outdoor applications
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR's Internal Database
1.3.3 Secondary Sources & Third-Party Perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validating & Publishing
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Outlook
CHAPTER 3 LED MODULAR DISPLAY MARKET VARIABLES, TRENDS, & SCOPE
3.1 Penetration and Growth Prospect Mapping
3.2 LED Modular Display Market Dynamics
3.2.1 Market Driver Analysis
3.2.2 Market Challenge Analysis
3.3 LED Modular Display Market: Value Chain Analysis
3.4 Market Analysis Tools
3.4.1 LED Modular Display Industry Analysis - Porter's
3.4.2 LED Modular Display Industry Analysis - PEST
3.5 LED Modular Display Market: Competitive Insights
3.4.1 LED Modular Display Market: Key Company Analysis, 2019
3.4.2 Key Company Ranking Analysis, 2019
CHAPTER 4 LED MODULAR MARKET: TYPE SEGMENT ANALYSIS
4.1 Type Movement Analysis & Market Share, 2019 & 2027
4.2 Market Size & Forecasts and Trends Analysis, 2016 to 2027 for the following:
4.2.1 Indoor Modular Screens
4.2.2 Outdoor Modular Screens
CHAPTER 5 LED MODULAR DISPLAY MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
5.1 Regional Movement Analysis & Market Share, 2019 & 2027
5.2 Market Size & Forecasts and Trends Analysis, 2016 to 2027 for the following:
5.2.1 North America
5.2.1.1 The U.S.
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 The U.K.
5.2.3 Asia Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.4 Rest of the World
CHAPTER 6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 SAMSUNG
6.1.1.1 Company Overview
6.1.1.2 Financial Performance
6.1.1.3 Product Benchmarking
6.1.1.4 Strategic Initiatives
6.1.2 SHENZHEN ABSEN OPTOELECTRONIC CO., LTD
6.1.2.1 Company Overview
6.1.2.2 Financial Performance
6.1.2.3 Product Benchmarking
6.1.2.4 Strategic Initiatives
6.1.3 Yaham Optoelectronics Co., Ltd
6.1.3.1 Company Overview
6.1.3.2 Financial Performance
6.1.3.3 Product Benchmarking
6.1.3.4 Strategic Initiatives
6.1.4 NEC DISPLAY SOLUTIONS
6.1.4.1 Company Overview
6.1.4.2 Financial Performance
6.1.4.3 Product Benchmarking
6.1.4.4 Strategic Initiatives
6.1.5 PRISMAFLEX
6.1.5.1 Company Overview
6.1.5.2 Financial Performance
6.1.5.3 Product Benchmarking
6.1.5.4 Strategic Initiatives
6.1.6 PLANAR (LEYARD)
6.1.6.1 Company Overview
6.1.6.2 Financial Performance
6.1.6.3 Product Benchmarking
6.1.6.4 Strategic Initiatives
6.1.7 PIXELFLEX
6.1.7.1 Company Overview
6.1.7.2 Financial Performance
6.1.7.3 Product Benchmarking
6.1.7.4 Strategic Initiatives
6.1.8 PRO DISPLAY
6.1.8.1 Company Overview
6.1.8.2 Financial Performance
6.1.8.3 Product Benchmarking
6.1.9 BARCO
6.1.9.1 Company Overview
6.1.9.2 Financial Performance
6.1.9.3 Product Benchmarking
6.1.9.4 Strategic Initiatives
6.1.10 SONY CORPORATION
6.1.10.1 Company Overview
6.1.10.2 Financial Performance
6.1.10.3 Product Benchmarking
6.1.10.4 Strategic Initiatives
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR's Internal Database
1.3.3 Secondary Sources & Third-Party Perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validating & Publishing
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Outlook
CHAPTER 3 LED MODULAR DISPLAY MARKET VARIABLES, TRENDS, & SCOPE
3.1 Penetration and Growth Prospect Mapping
3.2 LED Modular Display Market Dynamics
3.2.1 Market Driver Analysis
3.2.2 Market Challenge Analysis
3.3 LED Modular Display Market: Value Chain Analysis
3.4 Market Analysis Tools
3.4.1 LED Modular Display Industry Analysis - Porter's
3.4.2 LED Modular Display Industry Analysis - PEST
3.5 LED Modular Display Market: Competitive Insights
3.4.1 LED Modular Display Market: Key Company Analysis, 2019
3.4.2 Key Company Ranking Analysis, 2019
CHAPTER 4 LED MODULAR MARKET: TYPE SEGMENT ANALYSIS
4.1 Type Movement Analysis & Market Share, 2019 & 2027
4.2 Market Size & Forecasts and Trends Analysis, 2016 to 2027 for the following:
4.2.1 Indoor Modular Screens
4.2.2 Outdoor Modular Screens
CHAPTER 5 LED MODULAR DISPLAY MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
5.1 Regional Movement Analysis & Market Share, 2019 & 2027
5.2 Market Size & Forecasts and Trends Analysis, 2016 to 2027 for the following:
5.2.1 North America
5.2.1.1 The U.S.
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 The U.K.
5.2.3 Asia Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.4 Rest of the World
CHAPTER 6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 SAMSUNG
6.1.1.1 Company Overview
6.1.1.2 Financial Performance
6.1.1.3 Product Benchmarking
6.1.1.4 Strategic Initiatives
6.1.2 SHENZHEN ABSEN OPTOELECTRONIC CO., LTD
6.1.2.1 Company Overview
6.1.2.2 Financial Performance
6.1.2.3 Product Benchmarking
6.1.2.4 Strategic Initiatives
6.1.3 Yaham Optoelectronics Co., Ltd
6.1.3.1 Company Overview
6.1.3.2 Financial Performance
6.1.3.3 Product Benchmarking
6.1.3.4 Strategic Initiatives
6.1.4 NEC DISPLAY SOLUTIONS
6.1.4.1 Company Overview
6.1.4.2 Financial Performance
6.1.4.3 Product Benchmarking
6.1.4.4 Strategic Initiatives
6.1.5 PRISMAFLEX
6.1.5.1 Company Overview
6.1.5.2 Financial Performance
6.1.5.3 Product Benchmarking
6.1.5.4 Strategic Initiatives
6.1.6 PLANAR (LEYARD)
6.1.6.1 Company Overview
6.1.6.2 Financial Performance
6.1.6.3 Product Benchmarking
6.1.6.4 Strategic Initiatives
6.1.7 PIXELFLEX
6.1.7.1 Company Overview
6.1.7.2 Financial Performance
6.1.7.3 Product Benchmarking
6.1.7.4 Strategic Initiatives
6.1.8 PRO DISPLAY
6.1.8.1 Company Overview
6.1.8.2 Financial Performance
6.1.8.3 Product Benchmarking
6.1.9 BARCO
6.1.9.1 Company Overview
6.1.9.2 Financial Performance
6.1.9.3 Product Benchmarking
6.1.9.4 Strategic Initiatives
6.1.10 SONY CORPORATION
6.1.10.1 Company Overview
6.1.10.2 Financial Performance
6.1.10.3 Product Benchmarking
6.1.10.4 Strategic Initiatives
LIST OF TABLES
Table 1 Indoor modular screens market, by region, 2015 - 2027 (USD Million)
Table 2 Outdoor modular screens market, by region, 2015 - 2027 (USD Million)
Table 3 North America LED modular display market, by type, 2015 - 2027 (USD Million)
Table 4 The U.S. LED modular display market, by type, 2015 - 2027 (USD Million)
Table 5 Canada LED modular display market, by type, 2015 - 2027 (USD Million)
Table 6 Europe LED modular display market, by type, 2015 - 2027 (USD Million)
Table 7 Germany LED modular display market, by type, 2015 - 2027 (USD Million)
Table 8 The U.K. LED modular display market, by type, 2015 - 2027 (USD Million)
Table 9 Asia Pacific LED modular display market, by type, 2015 - 2027 (USD Million)
Table 10 China LED modular display market, by type, 2015 - 2027 (USD Million)
Table 11 India LED modular display market, by type, 2015 - 2027 (USD Million)
Table 12 Japan LED modular display market, by type, 2015 - 2027 (USD Million)
Table 13 Rest of the World LED modular display market, by type, 2015 - 2027 (USD Million)
Table 1 Indoor modular screens market, by region, 2015 - 2027 (USD Million)
Table 2 Outdoor modular screens market, by region, 2015 - 2027 (USD Million)
Table 3 North America LED modular display market, by type, 2015 - 2027 (USD Million)
Table 4 The U.S. LED modular display market, by type, 2015 - 2027 (USD Million)
Table 5 Canada LED modular display market, by type, 2015 - 2027 (USD Million)
Table 6 Europe LED modular display market, by type, 2015 - 2027 (USD Million)
Table 7 Germany LED modular display market, by type, 2015 - 2027 (USD Million)
Table 8 The U.K. LED modular display market, by type, 2015 - 2027 (USD Million)
Table 9 Asia Pacific LED modular display market, by type, 2015 - 2027 (USD Million)
Table 10 China LED modular display market, by type, 2015 - 2027 (USD Million)
Table 11 India LED modular display market, by type, 2015 - 2027 (USD Million)
Table 12 Japan LED modular display market, by type, 2015 - 2027 (USD Million)
Table 13 Rest of the World LED modular display market, by type, 2015 - 2027 (USD Million)
LIST OF FIGURES
Fig. 1 LED modular display market segmentation
Fig. 2 Market research process
Fig. 3 Primary research process
Fig. 4 Information Analysis
Fig. 5 Data validation and publishing
Fig. 6 LED modular display market snapshot
Fig. 7 Penetration & growth prospect mapping
Fig. 8 Market driver analysis
Fig. 9 Market challenge analysis
Fig. 10 LED modular display market: Value chain analysis
Fig. 11 Porter’s analysis
Fig. 12 PEST analysis
Fig. 13 LED modular display market: Company market positioning
Fig. 14 Key company strategic analysis
Fig. 15 LED modular display market: By type segment outlook & market share, 2019 and 2027
Fig. 16 LED modular display market: By region segment outlook & market share, 2019 and 2027
Fig. 17 North America LED modular display market: Key takeaways
Fig. 18 Europe LED modular display market: Key takeaways
Fig. 19 Asia Pacific LED modular display market: Key takeaways
Fig. 20 Rest of the World LED modular display market: Key takeaways
Fig. 1 LED modular display market segmentation
Fig. 2 Market research process
Fig. 3 Primary research process
Fig. 4 Information Analysis
Fig. 5 Data validation and publishing
Fig. 6 LED modular display market snapshot
Fig. 7 Penetration & growth prospect mapping
Fig. 8 Market driver analysis
Fig. 9 Market challenge analysis
Fig. 10 LED modular display market: Value chain analysis
Fig. 11 Porter’s analysis
Fig. 12 PEST analysis
Fig. 13 LED modular display market: Company market positioning
Fig. 14 Key company strategic analysis
Fig. 15 LED modular display market: By type segment outlook & market share, 2019 and 2027
Fig. 16 LED modular display market: By region segment outlook & market share, 2019 and 2027
Fig. 17 North America LED modular display market: Key takeaways
Fig. 18 Europe LED modular display market: Key takeaways
Fig. 19 Asia Pacific LED modular display market: Key takeaways
Fig. 20 Rest of the World LED modular display market: Key takeaways
