According to a market report by Lucintel, the future of micro LED in the global digital signage market looks promising with opportunities in the retail, education, healthcare, corporate, stadium, and government sectors. The global digital signage market in terms of micro LED usage is expected to reach an estimated $0.06 billion by 2028 with a CAGR of 55.7% from 2023 to 2028. The major drivers for this market are increasing adoption of digital signage solution in the commercial applications, growing demand for 4K digitized sign displays with the embedded software, and ongoing technological advancements in display products.
Video walls, video screen, transparent LED screen, digital poster, and kiosks are different segments of micro LED in the global digital signage by type. Lucintel forecasts that transparent LED screen will remain the segment with the highest growth over the forecast period because it delivers a transparency level beyond 80% coupled with high resolution and reduces energy cost while optimizing the overhead expenditure of users.
Within this market, retail is expected to remain the largest segment due to increasing demand for digital advertisements for marketing and promotion of products and growing of investments in digital signage solutions by the retailers to provide advanced customer experience.
North America will remain the largest region during the forecast period due to early adoption and advancement in technology, rising R&D activities by companies to enhance product quality, and the existence of significant vendors in the USA.
Sony Group, Oculus VR, Samsung Electronics, X-Celeprint, Nanosys, Aledia, Verlase Technologies, Jade Bird Display, and Mikro Mesa Technology are the major suppliers of micro LED in the global digital signage market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for micro LED in the global digital signage market by type, installation location, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Micro LED in the Global Digital Signage Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for micro LED in the global digital signage market by type, installation location, application, and region, as follows:
Micro LED in the Digital Signage Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Video Walls
Video Screen
Transparent LED Screen
Digital Poster
Kiosks
Others
Micro LED in the Digital Signage Market by Installation Location [Value ($B) Shipment Analysis from 2017 to 2028]:
Micro LED in the Digital Signage Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Retail
Education
Healthcare
Corporate
Stadium
Government
Micro LED in the Digital Signage Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for micro LED in the global digital signage market by type (video walls, video screen, transparent LED screen, digital poster, kiosks, and others), installation location (indoor and outdoor), application (retail, education, healthcare, corporate, stadium, and government), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?