Global LED Modular Display Market

LED Modular Display Market Size, Share, Growth Analysis, By Product(Outdoor Displays, Indoor Displays, and Rental and Staging), By Technology(Surface Mounted Device, Digital Light Processing and Organic LED), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45K2091 | Region: Global | Published Date: March, 2024
Pages: 197 |Tables: 62 |Figures: 74

LED Modular Display Market Insights

Global LED Modular Display Market size was valued at USD 6.2 Billion in 2022 and is poised to grow from USD 7.08 Billion in 2023 to USD 20.6 Billion by 2031, at a CAGR of 14.27% during the forecast period (2024-2031).

The global marketplace for LED modular shows has grown notably in recent years, fueled through the increasing demand for high-resolution and visually attractive display solutions across diverse industries. These modular presentations include character LED modules that can be perfectly assembled for large customizable presentations. The versatility of modular LED screens has made them the primary choice for lots of programs, along with virtual signage, sports venues, amusement venues, retail environments and company boardrooms.

One of the important drivers behind the marketplace's growth is the relentless pursuit of advanced visible reviews. LED modular presentations offer extraordinary hues, high comparison ratios, and splendid readability, making them ideal for handing over impactful content. Additionally, their energy performance and long lifespan have made them value-effective alternatives to conventional displays, main to vast adoption.

The market has also benefited from technological advancements, with producers continually pushing the boundaries of innovation. Smaller pixel pitches, better brightness levels, and bendy form factors have allowed LED modular presentations to be deployed in diverse settings, from curved screens in shopping shops to massive outside billboards.

As companies and businesses more and more apprehend the fee of dynamic and engaging visible verbal exchange, the LED modular display market is expected to preserve its boom trajectory, supplying immersive and desirable solutions for a big selection of programs.

Market Snapshot - 2024-2031

Global Market Size

USD 6.2 Billion

Largest Segment

Outdoor LED Display

Fastest Growth

Outdoor LED Display

Growth Rate

14.27% CAGR

Global LED modular display market ($ Bn)
Country Share for Asia Pacific Region (%)

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LED Modular Display Market Segmental Analysis

The global LED modular display market is segmented by Application, Technology and Region. Based on Application the market is segmented as, Indoor Displays, Outdoor Displays, and Rental and Staging. Based on Technology the market is segmented as, Surface Mounted Device, Digital Light Processing and Organic LED. Regional the market is segmented as, North America, Europe, Asia-Pacific, and Latin America

Analysis By Application

Outdoor LED modular displays emerged as the frontrunners within the market, commanding a substantial presence across diverse applications. These displays found widespread utility in billboards, digital signage adorning building facades, sports stadium scoreboards, and transportation hubs. The allure lay in the ever-growing requirement for expansive, high-resolution outdoor displays, apt for both advertising endeavors and efficient information dissemination. Their remarkable ability to endure adverse weather conditions while delivering vivid and captivating visuals propelled them to become the preferred choice for advertisers and event organizers hosting open-air gatherings.

Indoor displays' fastest growing segment was experiencing rapid growth during that period. Indoor displays found applications in retail stores, corporate offices, control rooms, sports arenas, and entertainment venues. The segment's growth was driven by the increasing adoption of LED displays for high-resolution video walls, interactive displays, and immersive visual experiences in indoor environments. The demand for finer pixel pitches, improved color reproduction, and flexibility in design contributed to the segment's rapid expansion

Analysis By Technology

Surface Mounted Device (SMD) LED Displays have been the historical frontrunners in the LED modular display market. Renowned for their versatility, SMD displays offer a diverse spectrum of pixel pitches and resolutions that cater to both indoor and outdoor applications. They are highly esteemed for their capability to deliver vibrant, high-resolution visuals, making them indispensable in digital signage, retail advertising, sports arenas, and control rooms. Their preeminence is founded on their adeptness at maintaining a delicate equilibrium between image quality, energy efficiency, and cost-effectiveness.

On the other hand, Organic LED (OLED) Displays are emerging as the fastest growing segment within the LED modular display market. OLED technology boasts a myriad of advantages, including its slim and flexible form factor, outstanding color reproduction, high-contrast ratios, and energy efficiency. OLED displays are particularly favored in applications necessitating curved or tailor-made screens, as they can be contoured and reshaped accordingly. Their burgeoning popularity is attributed to continuous innovations in OLED technology, propelling them into diverse applications such as luxury retail, automotive displays, and premium signage.

Global LED modular display market By Application, 2023 (%)

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LED Modular Display Market Regional Insights

The LED modular display market's largest region was Asia-Pacific, primarily led by China as the dominant country. China's strong economic growth, rapid urbanization, and a thriving retail sector drove substantial demand for LED displays in various applications, including outdoor billboards and indoor commercial spaces. Additionally, China's commitment to hosting global events, such as the Olympics and expos, further fueled the utilization of LED modular displays in monumental installations.

North America, led by the United States, occupied the position of the second-largest market in the LED modular display industry. The United States' mature advertising sector, along with high demand for digital signage in retail, sports, and entertainment, contributed significantly to its prominence. The adoption of advanced display technologies for control rooms and visualization applications also bolstered the market.

Global LED modular display market By Geography, 2024-2031
  • Largest
  • Fastest

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LED Modular Display Market Dynamics

Drivers

Increasing Demand for Digital Signage:

  • The rising want for dynamic and visually attractive marketing solutions, particularly in retail, transportation, and hospitality sectors, is riding the adoption of LED modular shows. These shows offer vibrant, high-resolution visuals that capture viewer attention efficiently.

Declining LED Prices:

  • The cost of LED technology has been step by step lowering, making LED modular shows extra low priced for a wider variety of packages. This rate discount encourages adoption throughout industries. LED technology itself is inherently energy-efficient. As the efficiency of LEDs has improved over time, they require less power to produce the same or even better quality of light compared to traditional lighting technologies. This not only reduces operational costs for end-users but also makes LED displays more attractive.

Restraints

Competition from Other Display Technologies:

  • LED modular presentations face opposition from different show technologies which include OLED, LCD, and projection systems, that can restrict marketplace increase in sure segments. The LED modular presentations, although luminescent stars in their personal proper, locate themselves entangled in a cosmic ballet with OLED, LCD, and projection systems, every wielding its extraordinary prowess.

Complex Installation:

  • The set up and renovation of large LED show systems may be complex and steeply-priced, requiring professional technicians and specialized gadgets. The establishment and refurbishment of expansive LED display systems can be intricate and financially demanding, necessitating the expertise of skilled technicians and the utilization of specialized equipment. This intricate process delves into the realms of precision and technical finesse, where every element is calibrated with meticulous care to ensure a seamless visual spectacle

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LED Modular Display Market Competitive Landscape

The competitive landscape of the LED modular display marketplace is characterized with the aid of excessive rivalry amongst key gamers striving for market percentage. Some outstanding groups in this area include enterprise leaders like Samsung Electronics, LG Display Co., Ltd., Absen Optoelectronics, Daktronics, Barco NV, and Leyard Optoelectronic Co., Ltd., amongst others. These corporations compete on more than one fronts, together with product innovation, pricing strategies, and expanding their worldwide reach. Product innovation remains a focal point, with corporations continuously operating to enhance display decision, brightness, and electricity performance. This is driven by the ever-increasing call for visually lovely and immersive displays in programs starting from virtual signage and amusement venues to govern rooms and sports activities stadiums. Additionally, the development of flexible and obvious LED displays opens up new opportunities and creates a competitive facet.

Top Player’s Company Profile

  • LG Display Co., Ltd.
  • Absen Optoelectronics
  • Daktronics
  • Barco NV
  • Leyard Optoelectronic Co., Ltd.
  • Sony Corporation
  • Panasonic Corporation
  • Lighthouse Technologies Limited
  • Unilumin Group Co., Ltd.
  • Shenzhen AOTO Electronics Co., Ltd.
  • Mitsubishi Electric Corporation
  • Christie Digital Systems
  • NEC Display Solutions
  • SiliconCore Technology, Inc.
  • Vtron Technology Ltd.
  • Yaham Optoelectronics Co., Ltd.
  • Gtek Optoelectronics Co., Ltd.
  • Infiled Electronics Co., Ltd.
  • QSTECH Co., Ltd.

LED Modular Display Key Market Trends

  • Fine Pixel Pitch Displays: There is a growing call for LED shows with satisfactory pixel pitch generation, allowing higher decision and photo readability. This trend is particularly outstanding in programs like broadcast studios, command and manage rooms, and premium retail spaces.
  • Flexible and Curved Displays:Flexible LED shows that can be bent and shaped to suit unique architectural designs are gaining traction. This trend is in particular relevant for applications like curved video walls, cylindrical shows, and innovative digital signage.

LED Modular Display Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global LED modular display market analysis; The LED modular display market is a dynamic and rapidly expanding sector driven by a convergence of factors. Regionally, Asia-Pacific stands out as a significant hub for LED display adoption, with China leading the way due to its robust economy and extensive urbanization. North America and Europe also contribute significantly, driven by the demand for fine pixel pitch displays in applications like command and control rooms and premium retail spaces. In terms of segments, fine pixel pitch displays are gaining traction for applications requiring high resolution and image clarity, while flexible and curved displays are transforming architectural design possibilities. Drivers for this market include the growing demand for energy-efficient displays, the emergence of Mini LED and Micro LED technologies, and the need for interactive and immersive experiences in sectors like education, gaming, and augmented reality. As these trends continue to shape the industry, LED modular displays are set to play a pivotal role in various sectors worldwide.

Report Metric Details
Market size value in 2023 USD 6.2 Billion
Market size value in 2031 USD 20.6 Billion
Growth Rate 14.27%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Outdoor Displays, Indoor Displays, and Rental and Staging
  • Technology
    • Surface Mounted Device, Digital Light Processing and Organic LED
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • LG Display Co., Ltd.
  • Absen Optoelectronics
  • Daktronics
  • Barco NV
  • Leyard Optoelectronic Co., Ltd.
  • Sony Corporation
  • Panasonic Corporation
  • Lighthouse Technologies Limited
  • Unilumin Group Co., Ltd.
  • Shenzhen AOTO Electronics Co., Ltd.
  • Mitsubishi Electric Corporation
  • Christie Digital Systems
  • NEC Display Solutions
  • SiliconCore Technology, Inc.
  • Vtron Technology Ltd.
  • Yaham Optoelectronics Co., Ltd.
  • Gtek Optoelectronics Co., Ltd.
  • Infiled Electronics Co., Ltd.
  • QSTECH Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on LED Modular Display Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on LED Modular Display Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the LED Modular Display Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the LED Modular Display Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the LED Modular Display Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the LED Modular Display Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

LED Modular Display Market size was valued at USD 6.2 Billion in 2022 and is poised to grow from USD 7.08 Billion in 2023 to USD 20.6 Billion by 2031, at a CAGR of 14.27% during the forecast period (2024-2031).

The competitive landscape of the LED modular display marketplace is characterized with the aid of excessive rivalry amongst key gamers striving for market percentage. Some outstanding groups in this area include enterprise leaders like Samsung Electronics, LG Display Co., Ltd., Absen Optoelectronics, Daktronics, Barco NV, and Leyard Optoelectronic Co., Ltd., amongst others. These corporations compete on more than one fronts, together with product innovation, pricing strategies, and expanding their worldwide reach. Product innovation remains a focal point, with corporations continuously operating to enhance display decision, brightness, and electricity performance. This is driven by the ever-increasing call for visually lovely and immersive displays in programs starting from virtual signage and amusement venues to govern rooms and sports activities stadiums. Additionally, the development of flexible and obvious LED displays opens up new opportunities and creates a competitive facet. 'LG Display Co., Ltd.', 'Absen Optoelectronics', 'Daktronics', 'Barco NV', 'Leyard Optoelectronic Co., Ltd.', 'Sony Corporation', 'Panasonic Corporation', 'Lighthouse Technologies Limited', 'Unilumin Group Co., Ltd.', 'Shenzhen AOTO Electronics Co., Ltd.', 'Mitsubishi Electric Corporation', 'Christie Digital Systems', 'NEC Display Solutions', 'SiliconCore Technology, Inc.', 'Vtron Technology Ltd.', 'Yaham Optoelectronics Co., Ltd.', 'Gtek Optoelectronics Co., Ltd.', 'Infiled Electronics Co., Ltd.', 'QSTECH Co., Ltd.'

The rising want for dynamic and visually attractive marketing solutions, particularly in retail, transportation, and hospitality sectors, is riding the adoption of LED modular shows. These shows offer vibrant, high-resolution visuals that capture viewer attention efficiently.

Fine Pixel Pitch Displays: There is a growing call for LED shows with satisfactory pixel pitch generation, allowing higher decision and photo readability. This trend is particularly outstanding in programs like broadcast studios, command and manage rooms, and premium retail spaces.

The LED modular display market's largest region was Asia-Pacific, primarily led by China as the dominant country. China's strong economic growth, rapid urbanization, and a thriving retail sector drove substantial demand for LED displays in various applications, including outdoor billboards and indoor commercial spaces. Additionally, China's commitment to hosting events, such as the Olympics and expos, further fueled the utilization of LED modular displays in monumental installations.

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Global LED Modular Display Market

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