According to the latest market report published by Persistence Market Research, titled “Global Market Study on Outdoor Led Displays: Asia Pacific to Witness Highest Growth by 2021 in Installed As Well As Rental Market.”, the outdoor LED displays installed market is estimated to be valued at US$ 6,477.1 Mn by the end of 2015 and is anticipated to expand at a CAGR of 15.9% from 2015 to 2021, to account for US$ 15,705.7 Mn by 2021. The report on Global Outdoor LED Displays market covers installed and rental market.
Currently, the global outdoor LED displays market is primarily driven by enhance features offered by LED Displays as compared to conventional displays including energy efficiency, durability and less maintains cost. Moreover, rising promotional activities across several industries is also encouraging the growth of outdoor LED display products such as video walls, LED billboards and LED mobile screens. However, factors such as high initial costs for fixed installation and growing trend towards the inclination of online advertising are expected to constrain the growth of the market.
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