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LED Stadium Screens Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-359 Category: ICT & Electronics

LED Stadium Screens Market Overview

LED screens are installed in stadium for better viewing experience and for advertisement purpose also. These screens are made up of number of video screens assembled together to make a giant size stadium screen. LED stadium screens are used in both indoor and outdoor stadiums. Generally, LED screens used in indoor stadiums have screen resolution P6, P8 and P10 and in outdoor stadium the LED screens have resolutions P8, P10 and P16.

Market Size & Forecast

Global LED stadium screens market is anticipated to flourish at a compound annual growth rate (CAGR) of 6.9% over the forecast period 2017-2024. Global LED stadium screens market stood at a valuation of USD 1.2 Billion in 2016 and is anticipated to reach at a valuation around USD 2.0 Billion by the end of 2024. Rising number of stadiums and live concerts are some of the major factors driving the growth of LED stadium screens.

In terms of region, global LED stadium screens market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. LED stadium screens market of Europe region stood at a valuation around USD 402.4 Million in 2016. In terms of share, Europe is the biggest market of LED stadium screens among all regions and accounted for about 37% of overall LED stadium screens market share. Moreover, market of LED stadium screens of Europe region is expected to continue its dominance over the forecast period. Large number of stadiums and consumer’s inclination towards live shows & concerts in Europe region are some major factors driving the growth of market of LED stadium screens in this region.

LED Stadium screens

By share, North America region is second biggest market for LED stadium screens and is anticipated to witness a remarkable growth over the forecast period. Apart from this, Asia-Pacific region is anticipated to be fastest growing market of LED stadium screens over the forecast period. Rising number of stadiums and increasing disposable income of consumers are some major reasons driving the growth of LED stadium screens market in Asia Pacific region. Latin America and Middle East & Africa regions are also anticipated to witness a satisfactory growth during the forecast period.

Market Segmentation

Our-in depth analysis of the global LED stadium screens market includes the following segments:

By Technology

  • Surface Mounted LED Screens
  • Individually Mounted LED Screens

By Color Display

  • Monochrome LED Screens
  • Tri-Color LED Screens
  • Full-Color LED Screens

By Products

  • LED Ribbon Displays
  • LED Video Walls
  • Scoreboard Screens
  • Perimeter LED Displays

By Region

Global LED stadium screens market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers & Challenges

Expansion of stadiums in the terms of size and population capacity is springing the installation of LED screens in stadiums. Increasing live events and concerts in stadiums have attracted the consumers towards it which further propels the growth of LED stadium screens market. Apart from this, many government initiatives for the promotion of LED products are driving the growth of LED stadium screens market.

Use of LED stadium screens for advertisement purpose is also anticipated to push stadiums to install LED screens. Technical advancement with LED stadium screens such as ability to connect all screens together via ground network and better resolutions of the screens are some major drivers which are expected to foster the demand for LED stadium screen in near future.

However, high installation cost of LED stadium screens is the major challenge which is anticipated to face by LED stadium screen manufacturers. This factor is anticipated to dampen the growth of global LED stadium screen market.

Key Players

  • LG Display Co. Ltd.
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • NEC Corporation
  • Delphi Display systems Inc.
  • Panasonic Corporation
  • Shenzhen Dicolor Optoelectronics Co Ltd.
  • Shenzhen Unilumin Group Co. Ltd.
  • Toshiba Corporation
  • Lighthouse Technologies Ltd.
  • Electronic Display Inc.
  • Daktronics
  • Barco
  • Mitsubishi Electric
  • Abse

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global LED stadium Screens market is segmented as follows:

  • By Technology Market Size & Y-O-Y Growth Analysis
  • By Color Display Market Size & Y-O-Y Growth Analysis
  • By Products Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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