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Rental Outdoor LED Display Market Size, Industry Analysis Report By Type (Surface Mounted, Individually Mounted), By Application (Billboards, Mobile LED Display, Perimeter Board, Traffic Lights, Video Call) & Region - Forecasts By 2033

  • PUBLISHED ON
  • 2024-10-08
  • NO OF PAGES
  • 215
  • CATEGORY
  • Electronics & Communication

Market Overview

The Global Rental Outdoor LED Display Market valued at USD 7332.36 million in 2022, is anticipated to reach a value of USD 14717.77 million in 2033, growing at a CAGR of 9.10%.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 7332.36 Million

Market Forecast in 2033

USD 14717.77 Million

CAGR % 2023-2033

9.10%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product type, end-user industry, company share, company heatmap, company Material Technology type capacity, growth factors and more

Segments Covered

type, application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

BARCO, DAKTRONICS, INC., ELECTRONIC DISPLAYS INC., GALAXIA ELECTRONICS, LEYARD, LG ELECTRONICS, LIGHTHOUSE TECHNOLOGIES LIMITED., PANASONIC CORPORATION, SHENZHEN DICOLOR OPTOELECTRONICS CO., LTD., TOSHIBA CORPORATION.

 

Rental Outdoor LED Display Market: Description

Technically outdoor LED screen manufacturing involves fabrication of LEDs of different colour wavelengths on printed circuit boards (PCBs). The packaging type may be either dual-inline-packaging (DIP) or surface mounting device (SMD). These screens are robust & resistant to damages caused by sunlight, pollution, and moisture.

High adoption by sponsors in the entertainment shows, sports events, and exhibitions owing to increase in preference of LED display advertising over paper or poster-based advertising boosts the outdoor LED display market growth. However, high initial investments and unstable demand are some of the factors that hamper the market growth. The rising importance of advertisements, promotions, marketing, and message displaying in the public areas is resulting into increasing demand for the rental outdoor LED displays to display the content.

Rental outdoor LED displays are now days in demand for displaying the content. The term rental in ‘rental outdoor LED display show the availability of these outdoor LED displays on a rent for temporary basis. The rental outdoor LED displays are in demand now days as they offer a brightness to the best possible high level and due to this features these displays are increasingly used.

The major factor fuelling the demand for rental outdoor LED displays market is increasing number of road shows, promotions, merchandising, and other activities as for delivering a video content the demand for the rental outdoor LED displays is increasing rapidly. The fast and flexible installation of the rental outdoor LED display is resulting into fuelling the demand. The increasing demand for displaying large format images or live video streaming at conferences, weddings, and other small or large events is one of the prime factor driving the growth of rental outdoor LED display market.

The customers are demanding the rental outdoor LED displays as these displays are available on rental basis and for choice wide variety of displays are available for them and due to this flexible options the customers are focusing on using rental outdoor LED displays than purchasing. The demand for rental outdoor LED displays is increasing rapidly as the manufacturers are delivering technologically advanced products by adding network connectivity to manage the content displays effectively.

Rental Outdoor LED Display Market- Segmental Analysis:

Type Insights

The individually mounted segment dominated the Outdoor LED Display Industry and is projected to maintain its dominance during the forecast period. The individually mounted LED display provides several features such as better ultraviolet (UV) protection function, waterproof, higher brightness, better moisture protection, and quality performance of LEDs.

Application Insights

The billboards segment dominated the outdoor LED market and is projected to maintain its dominance during the forecast period, as it provides cost-effective designs & advance features for advertisement on outdoor LED displays in the market.

Regional Insights

THE Global Rental Outdoor LED Display Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa.

Market was dominated by Asia-Pacific and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region are large investments for production & consumption of outdoor LED displays and semiconductors, and increased preferences of digital advertisements in the emerging economies.

Competitive Analysis

BARCO, DAKTRONICS, INC., ELECTRONIC DISPLAYS INC., GALAXIA ELECTRONICS, LEYARD, LG ELECTRONICS, LIGHTHOUSE TECHNOLOGIES LIMITED., PANASONIC CORPORATION, SHENZHEN DICOLOR OPTOELECTRONICS CO., LTD., TOSHIBA CORPORATION.

PLANAR company offers Leyard CarbonLight CLO Series of rental outdoor LED display. The company offers the rental outdoor LED displays for staging applications. The rental outdoor LED displays are lightweight displays and available in hanging and free-standing installations.

Global Rental Outdoor LED Display Market- Segmental Analysis

Based on Type

·         Surface Mounted

·         Individually Mounted

Based on Application

·         Billboards

·         Mobile LED Display

·         Perimeter Board

·         Traffic Lights

·         Video Call

·         Others

 

1.       Global Rental Outdoor LED Display Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Rental Outdoor LED Display Market Scope and Market Estimation

1.2.1.Global Rental Outdoor LED Display Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2.Global Rental Outdoor LED Display Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1.Type of Global Rental Outdoor LED Display Market

1.3.2.Application of Global Rental Outdoor LED Display Market

1.3.3.Region of Global Rental Outdoor LED Display Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.   Global Rental Outdoor LED Display Market Application Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Rental Outdoor LED Display Market Application Development

3.2.   Market Dynamics

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Rental Outdoor LED Display Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Porter’s Five Forces Analysis

3.5.1.Bargaining Power of Suppliers

3.5.2.Bargaining Power of Buyers

3.5.3.Threat of Substitutes

3.5.4.Threat of New Entrants

3.5.5.Competitive Rivalry

3.6.   PEST Analysis

3.6.1.Political Factors

3.6.2.Economic Factors

3.6.3.Social Factors

3.6.4.Technological Factors

3.7.   Impact of Russia Ukraine War on Rental Outdoor LED Display Market

3.8.   Impact of Economic Downturn on Rental Outdoor LED Display Market

3.9.   Rental Outdoor LED Display Production Capacity, by Major Countries

3.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Rental Outdoor LED Display Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Rental Outdoor LED Display Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Type, 2019 to 2033

4.1.1.Surface Mounted

4.1.2.Individually Mounted        

5.       Global Rental Outdoor LED Display Market Estimates & Forecast Trend Analysis, by Application

5.1.    Global Rental Outdoor LED Display Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Application, 2019 to 2033

5.1.1.Billboards

5.1.2.Mobile LED Display

5.1.3.Perimeter Board

5.1.4.Traffic Lights

5.1.5.Video Call

5.1.6.Others

6.       Global Rental Outdoor LED Display Market Estimates & Forecast Trend Analysis, by Region

6.1.    Global Rental Outdoor LED Display Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region, 2019 to 2033

6.1.1.North America

6.1.2.Europe

6.1.3.Asia Pacific

6.1.4.Middle East & Africa

6.1.5.South America

7.       North America Rental Outdoor LED Display Market: Estimates & Forecast Trend Analysis

7.1.    North America Rental Outdoor LED Display Market Assessments & Key Findings

7.1.1.Rental Outdoor LED Display Market Introduction

7.1.2.Rental Outdoor LED Display Market Size Estimates and Forecast (US$ Million & Units) (2019 – 2033)

7.1.2.1.   By Type

7.1.2.2.   By Application

7.1.2.3.   By Country

7.1.2.3.1.     The U.S.

7.1.2.3.2.     Canada

7.1.2.3.3.     Mexico

8.       Europe Rental Outdoor LED Display Market: Estimates & Forecast Trend Analysis

8.1.    Europe Rental Outdoor LED Display Market Assessments & Key Findings

8.1.1.Rental Outdoor LED Display Market Introduction

8.1.2.Rental Outdoor LED Display Market Size Estimates and Forecast (US$ Million & Units) (2019 – 2033)

8.1.2.1.   By Type

8.1.2.2.   By Application

8.1.2.3.        By Country

8.1.2.3.1.     Italy

8.1.2.3.2.     Germany

8.1.2.3.3.     U.K.

8.1.2.3.4.     France

8.1.2.3.5.     Spain

8.1.2.3.6.     Rest of Europe

9.       Asia Pacific Rental Outdoor LED Display Market: Estimates & Forecast Trend Analysis

9.1.    Asia Pacific Market Assessments & Key Findings

9.1.1.Rental Outdoor LED Display Market Introduction

9.1.2.Rental Outdoor LED Display Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)

9.1.2.1.   By Type

9.1.2.2.   By Application

9.1.2.3.        By Country

9.1.2.3.1.     China

9.1.2.3.2.     Japan

9.1.2.3.3.     India

9.1.2.3.4.     Australia

9.1.2.3.5.     South Korea

9.1.2.3.6.     ASEAN

9.1.2.3.7.     Rest of Asia Pacific

10.   Middle East & Africa Rental Outdoor LED Display Market: Estimates & Forecast Trend Analysis

10.1.  Middle East & Africa Market Assessments & Key Findings

10.1.1.   Rental Outdoor LED Display Market Introduction

10.1.2.   Rental Outdoor LED Display Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)

10.1.2.1.    By Type

10.1.2.2.    By Application

10.1.2.3.    By Country

10.1.2.3.1. U.A.E.

10.1.2.3.2. Saudi Arabia

10.1.2.3.3. Egypt

10.1.2.3.4. South Africa

10.1.2.3.5. Rest of Middle East & Africa

11.   South America Rental Outdoor LED Display Market: Estimates & Forecast Trend Analysis

11.1.  South America Market Assessments & Key Findings

11.1.1.   Rental Outdoor LED Display Market Introduction

11.1.2.   Rental Outdoor LED Display Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)

11.1.2.1.    By Type

11.1.2.2.    By Application

11.1.2.3.    By Country

11.1.2.3.1. Brazil

11.1.2.3.2. Argentina

11.1.2.3.3. Colombia

11.1.2.3.4. Rest of South America

12.   Competition Landscape

12.1.  Rental Outdoor LED Display Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2.  Rental Outdoor LED Display Market Competition White Space Analysis, By End-user

12.3.  Rental Outdoor LED Display Market Competition Regional Intensity Map Analysis, By Geographies Served

12.4.  Rental Outdoor LED Display Market Concentration & Company Market Shares (%) Analysis, 2022

13.   Company Profiles

13.1.BARCO

13.1.1.    Company Overview & Key Stats

13.1.2.    Financial Performance & KPIs

13.1.3.    Product Portfolio

13.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.DAKTRONICS, INC

13.3.ELECTRONIC DISPLAYS INC

13.4.GALAXIA ELECTRONICS

13.5.LG ELECTRONICS

13.6.LIGHTHOUSE TECHNOLOGIES LIMITED

13.7.PANASONIC CORPORATION

13.8.Others**

14.   Research Methodology

14.1.      External Power Outputs / Databases

14.2.      Internal Proprietary Database

14.3.      Primary Research

14.4.      Secondary Research

14.5.      Assumptions

14.6.      Limitations

14.7.      Report FAQs

15.   Research Findings & Conclusion

 

 

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

The Global Rental Outdoor LED Display Market valued at USD 7332.36 million in 2022, is anticipated to reach a value of USD 14717.77 million in 2033, growing at a CAGR of 9.10%.

What are the drivers shaping various markets?

High adoption by sponsors in the entertainment shows, sports events, and exhibitions owing to increase in preference of LED display advertising over paper or poster-based advertising boosts the outdoor LED display market growth.

Who are the key competitors of market Players?

Some of the major players operating within the market are BARCO, DAKTRONICS, INC., ELECTRONIC DISPLAYS INC., GALAXIA ELECTRONICS, LEYARD, LG ELECTRONICS, LIGHTHOUSE TECHNOLOGIES LIMITED., PANASONIC CORPORATION, SHENZHEN DICOLOR OPTOELECTRONICS CO., LTD., TOSHIBA CORPORATION.

What are the top performing segments, and countries / regions of each of the markets?

Market was dominated by Asia-Pacific and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region are large investments for production & consumption of outdoor LED displays and semiconductors, and increased preferences of digital advertisements in the emerging economies.

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