Outdoor LED Display Market growing at a CAGR of 15.9% from 2023 to 2030

The global outdoor LED display market size was valued at USD 7236.9 million in 2022 and is projected to reach USD 23,381.5 million by 2030, growing at a CAGR of 15.9% from 2023 to 2030. The increasing demand for digital advertising and the rising popularity of large-scale events drive market growth.

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The expansion of exhibitions and sports events, ceremonies, seminars, and other similar events are the key factors for the market for outdoor displays. Sponsors can more effectively present information about their company’s products and reach a larger audience at a lower cost using displays at popular events to advertise and display their offerings to potential consumers. In addition, these displays provide a feasible medium for exhibiting dynamic data, which is relatively simpler to manage than static data, and the adaptability to implement instant changes in the displays while the events are taking place.

For instance, In February 2023, Daktronics Inc., a provider of visual communication and dynamic audio systems, partnered with Drexel University, in Pennsylvania, U.S. to manufacture and install an indoor audio system and twenty-two new LED displays at the university campus at the Daskalakis Athletic Center in Philadelphia, Pennsylvania. The installation features a five-display center-hung design completed ahead of the 2022 winter sports season. In January 2023, Daktronics Inc. collaborated with Qatari Diar and Lusail Boulevard to manufacture and install eight latest LED displays along Qatar’s Lusail Commercial Boulevard. The displays were built along the main route to Lusail Stadium in the middle of 2023 and turned on in early September to display sponsors and other public messaging.

The increased use of advanced technology tools and devices in human lives in recent years has resulted in a strong demand for electronics, worldwide. Digital displays have grown increasingly important in a digital society, with tremendous improvements in display technology in the last decade along with the introduction of interactive displays that can take user commands via touch, stylus, or other peripheral devices. Interactive displays are widely used in various sectors for a wide range of applications and their demand is expected to increase in the near future, thanks to the growing set of applications, increased investments in R&D, increased gamification, growing digitization, rising internet penetration, and changing consumer preference for technologies.

Outdoor LED Display Market Report Scope