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LED Modular Display Market is Booming With 13.2% CAGR, Driven By Rising Demand For Displaying Multiple Information And Increasing Number of Outdoor Events Till 2027 | Million Insights

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LED Modular Display Market is Booming With 13.2% CAGR, Driven By Rising Demand For Displaying Multiple Information And Increasing Number of Outdoor Events Till 2027 | Million Insights

September 21
08:41 2021
LED Modular Display Market is Booming With 13.2% CAGR, Driven By Rising Demand For Displaying Multiple Information And Increasing Number of Outdoor Events Till 2027 | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global LED modular display industry to grow owing to rising adoption of LED modular display units across various industries such as airports/railways, sports & entertainment, media & advertising, retail, control rooms, and the auditorium during the forecast years.

The global LED modular display market size is estimated to account for USD 12.59 billion in 2027, as per a new report published by Million Insights. The market is estimated to register over 13.0% CAGR from 2020 to 2027. Growing demand for displaying multiple information and rise in the number of outdoor events are attributing to market growth. LED modular display integrates LEDs and other necessary electronics for video walls and large format display. The demand for these LED display is gaining traction from various outdoor applications such as media & entertainment, retail stores, airports/railways and music concerts.

However, there has been a significant decline in the demand for LED modular displays owing to the outbreak of COVID-19. The pandemic has led to the cancellation of public and several sporting events, thereby, restraining the growth of the outdoor segment. However, with the resumption of various economic activities and sporting events, the market is estimated to recover over the next couple of years.

To download the sample PDF of LED Modular Display Market Report “please” click here: https://www.millioninsights.com/industry-reports/global-led-modular-display-market/request-sample

U.S. LED modular display market

Outdoor modular screens segment held the highest share in 2019. Further, the segment is projected to exhibit considerable growth over the next few years owing to the rise in the number of outdoor events. The outdoor LED modular display can operate under the adverse environments such as rain, extreme heat and dust.

Europe held the largest share in the LED modular display market in 2019. Increasing adoption of technology in European countries coupled with the integration of LED modular display system with innovative technologies is driving the regional growth. Besides, Asia Pacific is projected to register the maximum growth over the forecast duration owing to the increasing demand for outdoor advertising from countries such as Japan, China, South Korea and India.

To browse report summary & detailed TOC, please click the link below: https://www.millioninsights.com/industry-reports/global-led-modular-display-market

Global LED modular display market

Further key findings from the report suggest:

• Based on type, the indoor segment is likely to register the highest growth with CAGR of over 13.0% from 2020 to 2027.

• In 2019, Europe held the largest share in the market due to increasing demand for the product from countries such as Germany, Belgium, the United Kingdom and Italy.

• Major manufacturers have increased their investment to design large LED modular display units for both outdoor and indoor applications.

• Key market players are PRISMAFLEX, SAMSUNG, PIXELFLEX, BARCO, Yaham Optoelectronics Co., Ltd and BARCO among others.

Million Insights has segmented the global LED modular display market on the basis of type and region:

LED Modular Display Type Outlook (Revenue, USD Million, 2016 – 2027)

    • Indoor Modular Screens

    • Outdoor Modular Screens

LED Modular Display Regional Outlook (Revenue, USD Million, 2016 – 2027)

    • North America

        • The U.S.

        • Canada

    • Europe

        • Germany

        • The U.K.

    • Asia Pacific

        • China

        • India

        • Japan

    • Rest of the World (RoW)

List of Key Players of LED Modular Display Market

    • Samsung

    • SHENZHEN ABSEN OPTOELECTRONIC CO., LTD

    • Yaham Optoelectronics Co., Ltd.

    • NEC Display Solutions

    • Prismaflex

    • Planar (Leyard)

    • PixelFLEX

    • Pro Display

    • Barco

    • Sony Corporation

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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