According to a new report Global LED Modular Display Market, published by KBV research, The Global LED Modular Display Market size is expected to reach $11 billion by 2026, rising at a market growth of 13.4% CAGR during the forecast period.
The segment of outdoor modular screens represented the highest share of the revenue of over 50% in 2019 and is foreseen to maintain its predominance over the forecast period. Outdoor LED screens are especially intended to deliver information in an outwardly appealing style even in harsh ecological conditions, including extraordinary heat, dust, and rains.
The segment of indoor modular screens is expected to grow at the highest CAGR over the forecast period. The expanding demand for LED video walls to display information relating to takeoff and arrival of flights, buses, and trains at air terminals and stations are anticipated to boost the development of the segment. Also, LED video walls are considered the most proficient and robust video walls.
The European market represented the highest share of the revenue in 2019. The region holds a significant share attributable to the huge demand originating from the digital-out-of-home (DOOH) marketing projects and the increasing adoption of the innovations in the U.K., Germany, Italy, and Belgium among different nations. The Asia Pacific regional market is expected to grow at the highest CAGR from 2020 to 2026. The consistent advancements of public venues and the ensuing adoption of present-day display innovations for marketing purposes are the components anticipated to observe regional development.
Structural Insights: https://www.kbvresearch.com/led-modular-display-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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. and PixelFLEX.
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