What is Global Full Colour LED Displays Market?
The Global Full Colour LED Displays Market is a vast and dynamic sector that encompasses a wide range of products and services. These displays are essentially large screens that use light-emitting diodes (LEDs) to produce images in full colour. They are used in a variety of settings, from advertising billboards and digital signage to television screens and computer monitors. The market is driven by the increasing demand for high-resolution and energy-efficient display systems. The advent of advanced technologies such as 4K and 8K resolution, coupled with the growing trend of digital out-of-home advertising, is further propelling the market growth. Moreover, the rapid urbanization and infrastructural developments across the globe are creating numerous opportunities for the market players.
SMD, COB in the Global Full Colour LED Displays Market:
Surface Mounted Device (SMD) and Chip on Board (COB) are two key technologies used in the Global Full Colour LED Displays Market. SMD technology involves mounting the LED chip onto a PCB board, which is then installed onto the display panel. This technology offers high resolution and brightness, making it ideal for outdoor applications. On the other hand, COB technology involves the direct mounting of the LED chip onto the display panel, eliminating the need for a PCB board. This results in a more compact and efficient display system, making it suitable for indoor applications. Both these technologies have their own set of advantages and are chosen based on the specific requirements of the application.
Broadcast, Security and Control, Commercial, Public and Retail in the Global Full Colour LED Displays Market:
The Global Full Colour LED Displays Market finds extensive usage in various sectors such as Broadcast, Security and Control, Commercial, Public and Retail. In the broadcasting sector, these displays are used for displaying news, advertisements, and other content in a visually appealing manner. In the security and control sector, they are used for monitoring and controlling various operations. In the commercial sector, they are used for promotional activities, while in the public sector, they are used for displaying information and announcements. Lastly, in the retail sector, they are used for enhancing the shopping experience by displaying product information, offers, and other related content.
Global Full Colour LED Displays Market Outlook:
In terms of market outlook, the Global Full Colour LED Displays Market has shown promising growth. In 2023, the market was valued at US$ 2006.2 million and it is projected to reach a value of US$ 2577.9 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for high-resolution displays and the advent of advanced technologies.
| Report Metric | Details |
| Report Name | Full Colour LED Displays Market |
| Accounted market size in 2023 | US$ 2006.2 million |
| Forecasted market size in 2030 | US$ 2577.9 million |
| CAGR | 3.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Leyard, Absen, Unilumin, Liantronics, Ledman, AOTO Electronics, Qiangliled, SANSI, Hoozoe Optoelectronic, Cedar Electronics, Daktronics, Barco, Christie, SilconCore, Samsung, LG, SONY, Mitsubishi Electric, Delta, OPTOTECH |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
