Outdoor LED Displays Market is Rapidly Expanding with Panasonic Corporation Providing 600 LED Digital Signage Displays and Audio Solutions to National Stadium in Tokyo

 

An outdoor LED display is a great way to grab the attention of passersby on your property. In this age of consumerism, it is important that you advertise your business or products in as many areas as possible. If you have a large open space or patio, it may be your best bet to promote your business using an outdoor LED display. These devices are great for promoting your business to all corners of your property.

Significant advantages provided by LED displays over conventional display options are expected to drive growth of the global outdoor LED displays market. LED displays are significantly better than conventional display options since they are energy-efficient, extra durable, and eco-friendly. Many countries have started implementing stringent energy policies, which has increased the adoption of LED displays in indoor as well as outdoor settings. The outdoor LEDs can save as much as 50% of energy as compared to conventional technologies including LCD and plasma with a reduced carbon footprint. For instance, in October 2020, Absen Inc. entered into a contract with Malaysian Airport Holding Berhad to build an LED display at Kuala Lumpur International Airport. Hence, such factors are expected to drive growth of the global outdoor LED displays market during the forecast period. Furthermore, increasing number of construction projects namely shopping malls and multiplexes are expected to propel the global outdoor LED displays market growth in the near future.

Rising preference for online advertisement and high capital investment required for the installation of LED displays is expected to hinder the global outdoor LED displays market growth in the near future. However, increasing implementation of interactive and 3D format as well as technological advancements can present lucrative growth opportunities in the global outdoor LED displays market. Among regions, Asia Pacific is expected to witness significant growth in the global outdoor LED display market. This is owing to growing investments to enhance viewer experience and rise in sports and promotional events in the region. Furthermore, North America is expected to register a robust growth rate, owing to high demand for customized solutions and increasing use in prominent public places such as Times Square, The Broadwalk, etc.

Key players involved in the global outdoor LED display market are Shenzhen Dicolor Optoelectronics Co. Ltd., LG Electronics Inc., Lighthouse Technologies Ltd., Barco N.V., Barco N.V., Galaxia Electronics, Panasonic Corporation, Daktronics Inc., Electronic Displays Inc., Toshiba Corporation, Sony Corporation, Data Display Co. Ltd., and EKTA Ltd.

For instance, in January 2020, Panasonic Corporation delivered 600 LED digital signage displays and audio solutions to National Stadium in Tokyo.