LED Modular Display Market: Global Industry Analysis and Forecast (2023-2029)

Global LED Modular Display Market is expected to grow at a CAGR of 13.03% during the forecast period and market is expected to reach US$ 17.61 Bn. by 2029.

The global LED Modular Display market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global LED Modular Display report also provides trends by market segments, technology, and investment with a competitive landscape.
LED Modular Display Market Snapshot
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Overview of LED Modular Display:
A modular LED display is a self-contained box that may be connected to form a larger structure, such as a complete LED display or sign. Building displays with modular (cabinets) have several advantages, including enhanced productivity, higher quality, more consistent manufacturing, shorter lead times, and greater design freedom to make small signs or enormous spectral displays with ease.

Any screen size or arrangement can be made with modular digital LED screens. The modules are available in a wide range of sizes as well as pixel pitches. Display Innovations provide digital LED screens for several applications, as well as installation, support, and maintenance.
Global LED Modular Display Market Dynamics:
Over the projected period, the market is expected to increase due to the rising adoption of LED modular displays in a variety of applications such as retail stores, airports, railways, media & advertising, sports & entertainment, and control rooms. Furthermore, an increasing number of outdoor events, such as sporting events, music concerts, product launches, brand endorsements, traditional advertising, dynamic content, and social media video advertising to promote their events. The demand for LED modular displays is likely to increase as a result of this.

To boost customer engagement, many firms are turning to innovative technologies like augmented reality, artificial intelligence, machine learning, and big data. Customers can virtually try on clothes in retail outlets using interactive displays. Approximately 2500 modular led screen products are available on Alibaba.com. On the website, customers could choose from a large range of modular led screen solutions.
Global LED Modular Display Market: Impact of Covid-19
The COVID-19 pandemic outbreak is likely to have a significant influence on the LED modular display market. Because public locations are closed owing to the lockdowns, and no marketing activities are being carried out in public locations, demand for LED modular displays has decreased significantly. Conversely, after the lockdown limitations are lifted and public meetings and outdoor activities, such as conferences, athletic events, and concerts resume the market.
Recent Launch by Sony:
In January 2022, The modular Crystal LED C-series (ZRD-C12A/C15A) with high contrast and B-series (ZRD-B12A/B15A) with high brightness are the latest innovations in premium direct view LED from Sony Electronics.
Global LED Modular Display Market Segmentation:
Based on the type, the led modular display market is segmented into indoor modular screens and outdoor modular screens. In 2019, the outdoor modular screens sector had the highest revenue share of over 50.12 % and this growth is expected to continue over the projected period. Outdoor LED screens are specifically developed to present information in a visually appealing manner even under extreme weather situations such as heat, dust, and rain. For outdoor applications such as stadiums, outdoor advertisements, and public displays, a variety of models are available in a variety of cabinet designs.

Outdoor modular LED screens have revolutionized the appearance and experience of outdoor advertising. The seamless experience on the LED video walls is now popular with the target demographic. Outdoor modular LED video wall displays immediately reach out to specific groups, assisting in the conversion of such individuals into potential consumers. Because of their high power and ability to adapt to changing conditions, outdoor LED screens are affecting the industry.
Benefits Offered By Outdoor Modular Screens:
Outdoor LED screens are made using high-quality, cutting-edge LED technology that includes LED components with exceptional brightness, contrast, and color reproduction. Outdoor LED display screens are waterproof and can survive all types of weather. LED parts are used to make the display board, which has numerous benefits such as high resolution, a broad viewing angle, vivid color stability, low power consumption, and long service life. There are many more outdoor advertising options such as billboard advertising, lamppost advertising, and so on. However, LED digital screen advertising can overcome the majority of the drawbacks of the previously mentioned methods of advertising. In Shenzhen, China, ABXLED is the leading manufacturer of LED screen products and services.
Global LED Modular Display Market Regional Insights:
In 2019, the European market accounted for about 36.12 % of total sales. Due to strong demand from digital-out-of-home (DOOH) advertising initiatives and rapid acceptance of the technologies in the United Kingdom, Germany, Italy, and Belgium, among other nations, the area retains a major position. Furthermore, the growing number of corporate exhibits, sporting events, and live concerts in Europe is likely to boost demand for LED modular displays. From 2020 to 2026, the Asia Pacific regional market is expected to grow at the fastest rate of XX%. Regional growth is likely to be fueled by the continued construction of public venues and the consequent use of new display technology for advertising purposes.
DOOH Benefits:
The digital-out-of-home (DOOH) advertising market is divided into four categories based on product: digital billboards, digital signs, digital displays, and others. The digital billboard segment dominated the European market, thanks to continued technology developments that make them more target-specific, provide a wider variety of interaction, and the capacity to run several digital outdoor advertisements.

In addition, the retail sector of the digital-out-of-home (DOOH) advertising business offers many opportunities in 2022. This can be linked to rising advertising expenditures by retailers, merchants' increased attention on publicity in promotional activities, and the rapid rise of internet retail enterprises, among other factors.

The objective of the report is to present a comprehensive analysis of the Global LED Modular Display Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Market dynamics, structure by analyzing the market segments and project the global LED Modular Display market size. Clear representation of competitive analysis of key players By Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global LED Modular Display Market make the report investor’s guide.
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Global LED Modular Display Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.47 Bn.


Forecast Period 2023 to 2029 CAGR:
13.03%
Market Size in 2029:
US $ 17.61 Bn.


 Segments Covered:
by Type
Indoor Modular Screens
Outdoor Modular Screens



Global LED Modular Display Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Global LED Modular Display Market, Key Players are
1. Sony Corporation
2. NEC Corporation
3. Barco NV
4. Samsung Electronics Co., Ltd. (Samsung Group)
5. Prismaflex International Group
6. Leyard Optoelectronic Co. (Planar Systems, Inc.)
7. Shenzhen Absen Optoelectronic Co Ltd.
8. Pro Display
9. Yaham Optoelectronics Co., Ltd.
10. PixelFLEX
11. Pixel Led Wall (OPC) Private Limited
12. LIGHTVU
13. Absen
14. Planar
15. MacroPix
16. ClearLED Ltd.
17. Other Key Players

Frequently Asked Questions:

1. Which region has the largest share in Global LED Modular Display Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global LED Modular Display Market?
Ans: The Global LED Modular Display Market is growing at a CAGR of 2.9% during forecasting period 2023-2029.

3. What is scope of the Global LED Modular Display Market report?
Ans: Global LED Modular Display Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global LED Modular Display Market?
Ans: The important key players in the Global LED Modular Display Market are –  Sony Corporation, NEC Corporation, Barco NV, Samsung Electronics Co., Ltd. (Samsung Group), Prismaflex International Group, Leyard Optoelectronic Co. (Planar Systems, Inc.), Shenzhen Absen Optoelectronic Co Ltd., Pro Display, Yaham Optoelectronics Co., Ltd., PixelFLEX, Pixel Led Wall (OPC) Private Limited, LIGHTVU, Absen, Planar, MacroPix, ClearLED Ltd., Other Key Players.

5. What is the study period of this Market?
Ans: The Global LED Modular Display Market is studied from 2022 to 2029.