Published By : 18 Mar 2016 | Published By : QYRESEARCH
The number of sporting events organized has significantly increased over the years. Owing to the increasing popularity of various forms of sports, these events have started attracting surging advertisements from various industries and corporate houses, which subsequently fuels demand from the global LED stadium screens market.
Global LED Stadium Screens Market to Exhibit 6.60% CAGR during 2015-2022
The demand for LED stadium screens has spiked recently, as stadiums look forward to provide heightened visual experience to audiences by live streaming of the ongoing match on a high quality and bright display. A LED stadium screen is a flat panel displays, which is installed to provide live video displays using light-emitting diodes as pixels. The main purpose of deploying these stadium screens is to provide audiences brighter, bigger, and clearer view of an ongoing sporting event. The digital outdoor signage delivers high resolution images and is put through rigorous testing before being marketed, so that the manufacturers may ensure the device’s ability to withstand severe weather conditions they will be exposed to.
According to a report recently published by Transparency Market Research, the global LED stadium screens market, which stood at US$1.1 bn in 2014, is anticipated to reach US$1.9 bn by the end of 2022, rising at a positive CAGR of 6.60% between 2015 and 2022.
Demand for LED Stadium Screens Increasing to Provide Audiences Better Visual Experience
Large and high impact displays are very crucial for stadiums hosting important sports events to engage audience and communicate them live updates and replays related to the game. This helps in creating a unique viewer experience. Additionally, stadium managers expect an outdoor digital signage is expected to be the core of viewer’s experience. Hence, an increasing number of football clubs and stadiums worldwide are demanding LED screen displays, and are also looking forward to invest on schemes to renovate stadiums and digitally upgrade them.
Installing LED displays in stadiums will help audiences get a better visual experience. The technology also lets audiences enjoy close-ups and slow-motion replays, while they are in stadiums enjoying a live game. Furthermore, with sporting events being broadcasted across the world, organizers have been impressively attracting advertisements, which also fuels demand from the global LED stadium screens market.