Outdoor LED Display Market to Reach $22.4 Billion in 2024 - Energy Watch News

Outdoor LED Display Market to Reach $22.4 Billion in 2024

The global outdoor LED display market size rose above $2.6 billion for 2015 and is projected to post a CAGR of more than 20.1% through 2024, according to Global Market Insights. Key installation advantages for LED displays include features such as portability, power efficacy, high definition resolution, increased brightness, and improved longevity. Global Market Insights predicts that increasing demand for applications including perimeter boards, video walls, and advertising boards will promote outdoor LED display industry trends from 2016 to 2024. Rising demand for wireless connections for billboards and high-resolution signs make them ideal for customized content. Furthermore, installation in areas with heavy pedestrian traffic regions are predicted to play the main role in the expansion of LED display technology. The firm predicts that mobile outdoor commercial displays will also play a key role in this LED technology. In addition, phone kiosks ads, benches, and new rack applications are projected to bring heavy demand for LED display technology. https://www.gminsights.com/

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