Published By : 01 Apr 2016 | Published By : QYRESEARCH
LED displays are flat panel displays that are used to display videos. LED displays offer several benefits such as high brightness and energy efficient, thus they are increasingly being used for outdoor displays such as billboards and stadium screens. The growing demand for LED screens, perimeter LED displays and score boards for stadiums have resulted in the market’s expansion from valuing US$1.1 bn in 2014 to US$1.9 bn 2022, as per a report published by a market intelligent firm called Transparency Market Research.
Growing Demand for High Impact Displays Boost Market
In order to keep the audience engaged in the game, stadiums are adopting large and high impact displays to communicate information, scores and interesting trivia regarding players on the field. Moreover, LED screens are used to facilitate slow-motion replays, close-ups, and connect to the referee, thus inviting audience’s attention and giving the spectators an enhanced experience. A growing number of football clubs intend to revamp their existing grounds with new facilities, which is good news for the global LED stadium screens market, as new stadiums are likely to be equipped with LED stadium screens.
Surface Mounted LED Displays to Grow at the Fastest Rate from 2015 to 2022
In terms of technology, the LED displays are categorized into individually mounted displays and surface mounted displays. While individually mounted LED displays accounted for 60% in the global market in 2014, the surface mounted LED display segment is expected to be the fastest growing segment.
Geographically, Europe is expected to lead the market and retain its dominant position since 2014, where it accounted for 35% of the global stadium LED screens market.