Lucintel Forecasts the Global LED Display Modular Market to Reach $17.3 billion by 2030
Lucintel Forecasts the Global LED Display Modular Market to Reach $17.3 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global LED display modular market looks promising with opportunities in the retail, entertainment, media and advertising, transportation, and healthcare markets. The global LED display modular market is expected to reach an estimated $17.3 billion by 2030 from $8.1 billion in 2023, at a CAGR of 13.5% from 2024 to 2030. The major drivers for this market are substantial increase in the quantity of open-air gatherings, rise of digital advertising in out-of-home (DOOH) settings, and businesses leveraging cutting-edge technologies like augmented reality, artificial intelligence, machine learning, and big data to enhance customer engagement.
A more than 150-page report to understand trends, opportunity and forecast in LED display modular market to 2030 by display type (outdoor modular screens and indoor modular screens), application (retail, entertainment, media and advertising, transportation, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that outdoor modular screens will remain the larger segment over the forecast period due to substantial demand in advanced applications, such as perimeter boards, stadium screens, scoreboards, advertising boards, and video walls, along with the growing number of outdoor events, including sports competitions, music concerts, product launches, brand promotions, and political gatherings.
Within this market, retail will remain the largest segment over the forecast period.
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APAC will remain the highest-growing region over the forecast period due to the ongoing evolution of public venues and the increasing adoption of contemporary display technologies for advertising applications in this region.
Barco, NEC Display Solutions, PixelFLEX, Planar Systems, Prismaflex International, Pro Display, Samsung Electronics, Shenzhen Absen Optoelectronic, Sony Corporation, Yaham Optoelectronics are the major suppliers in the LED display modular market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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