LED Modular Display Market Size, Share & Trends Analysis Report By Type (Indoor Modular Screens, Outdoor Modular Screens), By Region, And Segment Forecasts, 2020 – 2027

Category: Electronic Devices
Published On: 8 December, 2020
Pages: 186
Report Code: GR - 51258
Formats: pdf, excel

KEY MARKET INSIGHTS

This report covers COVID-19 impact analysis on LED Modular Display Market Size, Share & Trends Analysis Report By Type (Indoor Modular Screens, Outdoor Modular Screens), By Region, And Segment Forecasts, 2020 – 2027

Request Sample

GlobeResearch estimates that global LED Modular Display market is expected to reach the market value of around USD 9,563Mn by 2026 and is predicted to grow at a CAGR of around 13.6% during 2020 – 2026.

Market Insights

The expanded usage of modular LED screens through a range of applications, such as retail stores, airport/railways, media and marketing, sports and entertainment, auditoriums and control facilities, is expected to fuel market growth during the prediction timeframe. Other than that, there are a growing variety of outdoor experiences for live films, conventional advertisements, drastic content and social media advertising, such as sporting competitions, musical performances, product launches, brand endorsements or political meetings. The demand for modular LED displays is expected to increase. A vast range of organisations use emerging technology to improve their customers’ engagement: increased reality, artificial intelligence, computer learning and large data. Retail stores use digital displays to allow shoppers to digitally try their dresses.

For e.g. Nike has launched Makers’ Experience with W + K Lodge which utilises objection-tracking and projection technology to produce sneakers based on a range of the video wall, a company which specialises in virtual reality, artificial intelligences and other technologies. Thus, the need for the increasingly immersive digital signage system is expected to increase over the forecast timeframe in demand for modular LED displays.

 

The significant factors that hamper the widespread use of displays are high investment costs and difficulties that emerge when constructing a modular LED display, especially in emerging economies. Driven modular display cost is influenced by factors such as display scale, display resolution, configuration, installation style and installation location. The technology also needs an improvement in the R&D budget, which also raises total costs of the modular LED screen. The players are then encouraged to rent LED modular displays. Made up of LED rental services and creative LED solutions, such as PixelFLEX, are available.

 

COVID-19 Impacts

It is predicted that the emergence of the COVID-19 pandemic would have an appreciable effect on the modular LED show industry since the lockdown to avoid the disease’s propagation has affected supply chains and development activities worldwide. When green spaces are closed thanks to lock-outs and public media campaigns in public areas, demand for mobile LED displays has drastically declined. Nevertheless, after lock-down constraints and public meetings and activities, such as conventions, sports meetings and concerts, etc., are eased, the market for LED displays is expected to gain momentum. In August 2020, following the pandemic of COVID-19 in the UK, the first socially distanced music festival took place. Virgin Wealth Solidarity Arena in Newcastle’s pop-up.

 

Improving service efficiency and supply chain

The highest share of sales in 2019 was in the European market of about 35%. Thanks to the substantial demand for digital out-of-home (DOOH) advertising ventures and expanded technical penetration in the United Kingdom, Germany, Italy and Belgium, the region has a predominant share. In addition, the market for modular LED displays in Europe is also projected to surge with a growing number of business shows, sports activities and live concerts.

The international Asian-Pacific demand will grow by 15 percent between 2020 and 2027 at the highest level of CAGR. Regional growth is anticipated by the ongoing improvements of public spaces and the resulting introduction of new display technology for publicity purposes.

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2015 – 2026

Base Year

  2019

Forecast Period

  2020 – 2026

Historical Period

  2015 – 2018

Unit

  Value (US$)

 

 

 

Segmentation

Market by ServiceType -

  • Indoor Modular Screens
  • Outdoor Modular Screens

Market by Industry Vertical -

  • Consumer Electronics
  • Automotive
  • Advertising (Digital Signage)
  • Aerospace & Defense
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  • Samsung
  • PixelFLEX
  • Pro Display
  • Barco
  • Sony Corporation
  • SHENZHEN ABSEN OPTOELECTRONIC CO., LTD
  • Yaham Optoelectronics Co., Ltd.
  • NEC Display Solutions
  • Prismaflex
  • Others

FAQs

Request a Free sample to learn more about this report.

Table Of Contents

1. Introduction
1.1 Scope of The Study
1.2 Market Segmentation
1.2.1 LED Modular Display Market - By Service Type
1.2.2 LED Modular Display Market - By Industry Vertical
1.2.3LED Modular Display Market - By Region
1.2.3.1 By Country
2. Key Takeaways
3. Research Methodology
4. LED Modular Display Market Landscape
4.1 Overview
4.2 Pest Analysis
4.3 Ecosystem Analysis
5. LED Modular Display Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
5.6 Impact of Covid-19 Pandemic on Global LED Modular Display Market
6. LED Modular Display Market - Global Market Analysis
6.1 LED Modular Display - Global Market Overview
6.2 LED Modular Display - Global Market and Forecast To 2027
6.3 Market Positioning/Market Share
7. LED Modular Display Market - Revenue and Forecasts To 2027 – Service Type
7.1 Overview
7.2 Service Type Market Forecasts and Analysis
7.3 Indoor Modular Screens
7.4 Outdoor Modular Screens
8. LED Modular Display Market - Revenue and Forecasts To 2027 – Industry Vertical
8.1 Overview
8.2 Industry Vertical Market Forecasts and Analysis
8.3. Consumer Electronics
8.4 Automotive
8.4 Advertising
8.4 Aerospace & Defense
8.4 Others
9. LED Modular Display Market Revenue and Forecasts To 2027 – Geographical Analysis
9.1 North America
9.1.1 North America LED Modular Display Market Overview
9.1.2 North America LED Modular Display Market Forecasts and Analysis
9.1.3 North America LED Modular Display Market Forecasts and Analysis - By Service Type
9.1.4 North America LED Modular Display Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America LED Modular Display Market Forecasts and Analysis - By Countries
9.1.5.1 United States LED Modular Display Market
9.1.5.1.1 United States LED Modular Display Market ByService Type
9.1.5.1.2 United States LED Modular Display Market ByIndustry Vertical
9.1.5.2 Canada LED Modular Display Market
9.1.5.2.1 Canada LED Modular Display Market ByService Type
9.1.6.2.2 Canada LED Modular Display Market ByIndustry Vertical
9.1.5.3 Mexico LED Modular Display Market
9.1.5.3.1 Mexico LED Modular Display Market ByService Type
9.1.5.3.2 Mexico LED Modular Display Market ByIndustry Vertical
9.2 Europe
9.2.1 Europe LED Modular Display Market Overview
9.2.2 Europe LED Modular Display Market Forecasts And Analysis
9.2.3 Europe LED Modular Display Market Forecasts and Analysis - By Service Type
9.2.4 Europe LED Modular Display Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe LED Modular Display Market Forecasts and Analysis - By Countries
9.2.5.1 Germany LED Modular Display Market
9.2.5.1.1 Germany LED Modular Display Market ByService Type
9.2.5.1.2 Germany LED Modular Display Market ByIndustry Vertical
9.2.5.2 France LED Modular Display Market
9.2.5.2.1 France LED Modular Display Market ByService Type
9.2.5.2.2 France LED Modular Display Market ByIndustry Vertical
9.2.5.3 Italy LED Modular Display Market
9.2.5.3.1 Italy LED Modular Display Market ByService Type
9.2.5.3.2 Italy LED Modular Display Market ByIndustry Vertical
9.2.5.4 Spain LED Modular Display Market
9.2.5.4.1 Spain LED Modular Display Market ByService Type
9.2.5.4.2 Spain LED Modular Display Market ByIndustry Vertical
9.2.5.5 UK LED Modular Display Market
9.2.5.5.1 UK LED Modular Display Market ByService Type
9.2.5.5.2 UKLED Modular Display Market ByIndustry Vertical
9.3 Asia-Pacific
9.3.1 Asia-Pacific LED Modular Display Market Overview
9.3.2 Asia-Pacific LED Modular Display Market Forecasts and Analysis
9.3.3 Asia-Pacific LED Modular Display Market Forecasts and Analysis - By Service Type
9.3.4 Asia-Pacific LED Modular Display Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific LED Modular Display Market Forecasts and Analysis - By Countries
9.3.5.1 Australia LED Modular Display Market
9.3.5.1.1 Australia LED Modular Display Market ByService Type
9.3.5.1.2 Australia LED Modular Display Market ByIndustry Vertical
9.3.5.2 China LED Modular Display Market
9.3.5.2.1 China LED Modular Display Market ByService Type
9.3.5.2.2 China LED Modular Display Market ByIndustry Vertical
9.3.5.3 India LED Modular Display Market
9.3.5.3.1 India LED Modular Display Market ByService Type
9.3.5.3.2 India LED Modular Display Market ByIndustry Vertical
9.3.5.4 Japan LED Modular Display Market
9.3.5.4.1 Japan LED Modular Display Market ByService Type
9.3.5.4.2 Australia LED Modular Display Market ByIndustry Vertical
9.3.5.5 South Korea LED Modular Display Market
9.3.5.5.1 South Korea LED Modular Display Market ByService Type
9.3.5.5.2 South Korea LED Modular Display Market ByIndustry Vertical
9.4 Middle East & Africa
9.4.1 Middle East & AfricaLED Modular Display Market Overview
9.4.2 Middle East & AfricaLED Modular Display Market Forecasts and Analysis
9.4.3 Middle East & AfricaLED Modular Display Market Forecasts and Analysis - By Service Type
9.4.4 Middle East & AfricaLED Modular Display Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East & Africa LED Modular Display Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa LED Modular Display Market
9.4.5.1.1 South Africa LED Modular Display Market ByService Type
9.4.5.1.2 South Africa LED Modular Display Market ByIndustry Vertical
9.4.5.2 Saudi Arabia LED Modular Display Market
9.4.5.2.1 Saudi Arabia LED Modular Display Market ByService Type
9.4.5.2.2 Saudi Arabia LED Modular Display Market ByIndustry Vertical
9.4.5.3 U.A.E LED Modular Display Market
9.4.5.3.1 U.A.E LED Modular Display Market ByService Type
9.4.5.3.2 U.A.E LED Modular Display Market ByIndustry Vertical
9.5South America
9.5.1 South AmericaLED Modular Display Market Overview
9.5.2 South AmericaLED Modular Display Market Forecasts and Analysis
9.5.3 South AmericaLED Modular Display Market Forecasts and Analysis - By Service Type
9.5.4 South AmericaLED Modular Display Market Forecasts and Analysis - By Industry Vertical
9.5.5South AmericaLED Modular Display Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil LED Modular Display Market
9.5.5.1.1 Brazil LED Modular Display Market ByService Type
9.5.5.1.2 Brazil LED Modular Display Market ByIndustry Vertical
9.5.5.2 Argentina LED Modular Display Market
9.5.5.2.1 Argentina LED Modular Display Market ByService Type
9.5.5.2.2 Argentina LED Modular Display Market ByIndustry Vertical
9.5.5.3 Chile LED Modular Display Market
9.5.5.3.1 Chile LED Modular Display Market ByService Type
9.5.5.3.2 Chile LED Modular Display Market ByIndustry Vertical
10. Industry Landscape
10.1 Mergers and Acquisitions
10.2 Agreements, Collaborations and Join Ventures
10.3 New Service Type Launches
10.4 Expansions and Other Strategic Developments
11. LED Modular Display Market, Key Company Profiles
11.1 Samsung
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Service Types and Services
11.1.4 Financial Overview
11.1.5 Key Developments
11.2 PixelFLEX
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Service Types and Services
11.2.4 Financial Overview
11.2.5 Key Developments
11.3 Pro Display
11.3.1 Key Facts
11.3.2 Business Description
11.3.3Service Types and Services
11.3.4 Financial Overview
11.3.5 Key Developments
11.4 Barco
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Service Types and Services
11.4.4 Financial Overview
11.4.5 Key Developments
11.5 Sony Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Service Types and Services
11.5.4. Financial Overview
11.5.5 Key Developments
11.6 SHENZHEN ABSEN OPTOELECTRONIC CO., LTD
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Service Types and Services
11.6.4 Financial Overview
11.6.5 Key Developments
11.7 Yaham Optoelectronics Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Service Types and Services
11.7.4 Financial Overview
11.7.5 Key Developments
11.8 NEC Display Solutions
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Service Types and Services
11.8.4 Financial Overview
11.8.5 Key Developments
11.9 Prismaflex
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Service Types and Services
11.9.4 Financial Overview
11.9.5. Key Developments
12. Appendix
12.1 About GlobeResearch
12.2 Glossary of Terms

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2015 – 2026

Base Year

  2019

Forecast Period

  2020 – 2026

Historical Period

  2015 – 2018

Unit

  Value (US$)

 

 

 

Segmentation

Market by ServiceType -

  • Indoor Modular Screens
  • Outdoor Modular Screens

Market by Industry Vertical -

  • Consumer Electronics
  • Automotive
  • Advertising (Digital Signage)
  • Aerospace & Defense
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  • Samsung
  • PixelFLEX
  • Pro Display
  • Barco
  • Sony Corporation
  • SHENZHEN ABSEN OPTOELECTRONIC CO., LTD
  • Yaham Optoelectronics Co., Ltd.
  • NEC Display Solutions
  • Prismaflex
  • Others

FAQs

Methodology

Research Methodology

Globe Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of methodology employed for all our studies include:

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of technology landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

    • Market drivers and restrains, along with their current and expected impact
    • Raw material scenario and supply v/s price trends
    • Regulatory scenario and expected developments
    • Current capacity and expected capacity additions up to 2027

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Primary validation

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

    • Market leading companies
    • Raw material suppliers
    • Product distributors
    • Buyers

The key objectives of primary research are as follows:

    • To validate our data in terms of accuracy and acceptability
    • To gain an insight in to the current market and future expectations

Data Collection Matrix

Perspective

Primary research

Secondary research

Supply side

  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data

Demand side

  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Industry Analysis Matrix

Qualitative analysis

Quantitative analysis

  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Download Free Sample