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SMART LED INDOOR SIGNAGE MARKET SIZE TO GENERATE REVENUES OF APPROXIMATELY USD 2 BILLION BY 2023, GROWING AT A CAGR OF MORE THAN 24% DURING 2018-2023.
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Smart LED Indoor Signage Market Report Scope
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Market Size (REVENUE) | USD 2 Billion (2023) |
| CAGR | 24% (2018-2023) |
| Base Year | 2017 |
| Forecast Year | 2018-2023 |
| Market Segments | Screen Size (Less Than 32, 32-35, And 55+), and End-User Type (Retail, Corporate, Public, Sports, & Others) |
| Geographic Analysis | APAC, Europe, North America, Latin America, and Middle East & Africa |
| Countries Covered | US, Canada, UK, Germany, France, China, Japan, and South Korea |
INDUSTRY INSIGHTS
The dramatic transformation of the advertising industry is augmenting the exponential growth of the global smart LED indoor signage market. The digital shift from traditional advertising methods such as print, TV, radio, and billboards to web-based, mobile, and other innovative media is boosting the demand for LED technology in the global market. Availability of affordable, interconnected, HD flat displays is enabling the content providers and advertisers to replace the static advertisement with dynamic video and personalized content to attract maximum consumers in the global smart LED indoor signage market. The extensive use of various display technologies such as LCD, LED, OLED, and projectors will augment the growth of the global market. The adoption of digital signage will transform the advertising industry and change the way marketing strategies are implemented in the market. The leading vendors are leveraging smart tech that allows them to integrate media players and content management software with LED displays. The development and usage of SoC (system on chip) processors across commercial display signs will revolutionize the medium and boost revenues in the global smart LED indoor signage market. SoC technology integrated smart signages are capable of performing numerous tasks such as a display, video, video blogging, playing online contents, for video conferencing, and many other functions. Superior graphics performance and improved customizability are some of the benefits contributing to the development of the global smart LED indoor signage market.
The healthcare, education, and duty-free retail industries are the largest revenues contributors in the market. The increasing focus on enhancing in-store customer experience that will encourage the customer to complete the purchase in-store rather than e-commerce platforms will have a positive impact on the global market.
Market Dynamics
The development of smart cities and the extensive use of digital technologies is propelling the growth of the global smart LED indoor signage market. This form of urban planning uses digital technologies including internet, voice enabled devices, connected devices, and smart signages to make the life of the resident very easy and comfortable. The global smart city market is projected to grow at a CAGR of more than 18% during the forecast period. The establishment of smart cities will include efficient mobility, smart and enhanced buildings and home, corporate offices, organized retail market, shopping complexes, with the city mostly based on web-based services and connected devices. The building of these cities is expected to fuel the demand for electronic signs and digital menu boards in the global market. The rising use of these digital displays will help in connecting and increasing the efficiency of operations and business communications in the market. The primary focus on easy mobility, public safety, health, and productivity of smart cities will fuel the growth of theglobal smart LED indoor signage market over the next few years.
Smart LED Indoor Signage Market Segmentation
This market research report includes a detailed segmentation of the market by
- Screen size
- End-user type
- Geography
Insights by Screen Size
The growing demand for bigger screens across stadiums and business centers will drive the global smart LED indoor signage market
The global smart LED indoor signage market by screen size is divided into less than 32, 32-35, and 55+. 32-35 size segment dominated almost half of the market share in 2017, growing at a CAGR of around 22% during the forecast period. The growing demand for bigger screens from the indoor stadiums, airports signages, business conference, and events is primarily driving the growth of this segment in the global market. The growing trend of video conferencing, displays at movie theaters, subways, and malls are contributing to the demand for big screens in the market. Corporate offices using interactive display units will create new avenues for major players in the global market. Sports, subways, airports, waiting for lounges, restaurant and pubs, movie theater, and malls are major end-users of 32-55-inch sized screens in the global smart LED indoor signage market. Less than 32-inch screens find applications in schools, colleges, and hospitals, and gyms and fitness centers. The growing expansion and new construction of airports will fuel the demand for such big screens signages across the global market during the forecast period.
Insights by End-User Type
Branding and eye-catching advertisements to contribute to the revenues the global smart LED indoor signage market
The end-user type segment in the global smart LED indoor signage market is classified into retail, corporate, public, sports, & others. The retail segment occupied the majority of the market share in 2017, growing at a CAGR of more than 20% during the forecast period. The rising disposable income, increasing consumer confidence, and growing organized retailing is promoting the development of the retail segment in the global market. The companies are trying to maximize their profits by maintaining an efficient supply chain, effective merchandising, and marketing strategies. Various retail giants are providing uber customer service, offering a distinctive shopping experience, and catering to the needs of local consumers by integrating innovative lighting systems and digital signage players in the global market. The use of these system acts as the major promotional and advertising methods adopted by the retail sector, and it helps in easy communication and spreading the information about various products in the global market. The focus on customizing the content and providing the messages according to the specific consumer group or segment is propelling the growth of the global smart LED indoor signage market. The growing usage of these digital signs at airport terminals, bus stations, metro stations, movie theaters, subways, and other public places makes public the second largest end-user segment in the market. With globalization and expanding business operations, the corporate section to also gain significant market share over the next few years.
Insights by Geography
The US and Canada are the largest revenue generators in North America in the global smart LED indoor signage market
The global smart LED indoor signage market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. North America dominated more than 2/4th of the market share in 2017, growing at a CAGR of more than 19% during the forecast. The increasing investment on upgrades of the existing infrastructure is propelling the growth of North America. North America has some of the strictest laws about human and workspace safety, which in turn, contributes to the demand for digital signage. The US and Canada are the largest revenue generators in the North American market. The increasing focus on product development is propelling the growth of the North American region in the global smart LED indoor signage market. Europe is the second largest region in the global market with the UK, France, Spain, Italy, and Germany emerging as the largest revenue generators. The growing disposable income, westernization, and the increasing impact of the social media are driving the market for smart LED signages in the APAC region.
Insights by Vendors
The global smart LED indoor signage market is highly concentrated, and the major players contribute to the level of competition. The top vendors in the global market are competing regarding sales, revenues, and innovative portfolio. The leading companies are offering competitive prices and integrated services to sustain the competition in the global market. Various vendors are entering into a multi-year arrangement that offers services that include the supply of displays, price, and supply analytics, POS hardware, and software to gain a larger global market share. The expansion to various emerging regions will help players boost their revenues in the global smart LED indoor signage market.
The global smart LED indoor signage market research report includes industry analysis with revenue and forecast insights for the following segments:
Market Segmentation by Screen Size
- Less Than 32''
- 32-35''
- 55''+
Market Segmentation by End-User Type
- Retail
- Corporate
- Public
- Sports
- Others
By Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- APAC
- China
- Japan
- South Korea
- Latin America
- Middle East & Africa
Frequently Asked Questions
What is the smart LED indoor signage market size and growth rate during the forecast period?
Who are the major vendors in the market, and what are their market shares?
Which is the largest revenue generating region in the smart LED indoor signage market?
What are the factors contributing to the growth of the smart LED indoor signage market?
What are the factors responsible for the growth of smart LED indoor signage retail segment?
The global smart LED indoor signage market size is expected to generate revenues of $2 billion by 2023, growing at an impressive CAGR of over 24%during 2017–2023.
The global smart LED indoor signage market is driven by the advent of LED and e-paper displays and the usage of micro-displays in consumer applications. The increasing number of digital initiatives in learning and training avenues will contribute to the growth of the global market. The market research report provides in-depth market analysis and segmental analysis of the global market by screen size, end-user type, and geography.
Base Year: 2017
Forecast Year: 2018–2023
The report considers the present scenario of the global smart LED indoor signage market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.
Major Vendors in the Smart LED Indoor Signage Market
- Samsung
- Business Overview
- Samsung in the Global Market
- Major Product Offerings
- Key Strategies
- Key Strengths
- Key Opportunities
- LG Electronics
- Sharp
- Panasonic Corporation
- Philips
Prominent Players in the Smart LED Indoor Signage Market
- NEC Display
- Business Overview
- Vestel
- BenQ
- IAdea
- Toshiba
- MetroPlusAds
- Grandwell smart display solutions
- Firstouch solutions
- INK Drops
- Tecnon Smart Display
Market Segmentation by Screen Size
- Less Than 32''
- 32-35''
- 55''+
Market Segmentation by End-User Type
- Retail
- Corporate
- Public
- Sports
- Others
Market Segmentation by Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- APAC
- China
- Japan
- South Korea
- Latin America
- Middle East & Africa
List of Exhibits
Exhibit 1 Segmentation of Global Smart LED Indoor Signage Market
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 End-users of Digital/Smart Signages
Exhibit 4 Life Cycle of Signages 2017
Exhibit 5 Structure of a Smart Signage Display
Exhibit 6 End-user Contribution to Global Market 2017–2023 ($ million)
Exhibit 7 Growth Rate of End-users in Global Market 2017–2023
Exhibit 8 Average Price Index of Display Technologies (100-0) 1990−2020
Exhibit 9 US Producer Price Index Industry Data - Semiconductors (2006−2015) BLS
Exhibit 10 Global Internet Penetration Rate and User Base Forecast (billion)
Exhibit 11 Adjusted Retail and E-commerce Sales Growth Rate in US 2010–2017
Exhibit 12 Regional Contribution to Smart Signages in 2017 ($ million)
Exhibit 13 Global Urban Population Statistics 2018
Exhibit 14 Global Market 2017–2023 ($ million)
Exhibit 15 Global Smart LED Indoor Signage Market Overview 2017–2023 ($ million)
Exhibit 16 Five Forces Analysis 2017
Exhibit 17 Global Market by End-users
Exhibit 18 Global Market by End-users 2017–2023 (%)
Exhibit 19 End-user CAGR Comparison in Global Market 2017–2023 (%)
Exhibit 20 Global Market by Retail 2017–2023 ($ million)
Exhibit 21 Geographical Segmentation of Global Market by Retail 2017–2023 ($ million)
Exhibit 22 Regional Contribution to Global Smart LED Indoor Signage Market in Retail ($ million)
Exhibit 23 Geographical Overview of Global Market in Retail 2017–2023
Exhibit 24 Global Market by Corporates 2017–2023 ($ million)
Exhibit 25 Geographical Segmentation of Global Market by Corporates 2017–2023 ($ million)
Exhibit 26 Regional Contribution to Global Market by Corporates by 2023 ($ million)
Exhibit 27 Geographical Overview of Global Market by Corporates 2017–2023
Exhibit 28 Global Market by Public 2017–2023 ($ million)
Exhibit 29 Best Places for Installation of Smart LED Signages
Exhibit 30 Geographical Segmentation of Global Smart LED Indoor Signage Market by Public 2017–2023 ($ million)
Exhibit 31 Regional Contribution to Global Market by Public by 2023 ($ million)
Exhibit 32 Overview of Global Market by Public 2017–2023
Exhibit 33 Global Market by Sports 2017–2023 ($ million)
Exhibit 34 Geographical Segmentation of Global Market by Sports 2017–2023 ($ million)
Exhibit 35 Regional Contribution to Global Market by Sports by 2023 ($ million)
Exhibit 36 Geographical Overview of Global Market by Sports 2017–2023
Exhibit 37 Global Market by Others 2017–2023 ($ million)
Exhibit 38 Geographical Segmentation of Global Smart LED Indoor Signage Market by Others 2017–2023 ($ million)
Exhibit 39 Regional Contribution to Global Smart LED Indoor Signage Market by Others by 2023 ($ million)
Exhibit 40 Geographical Overview of Global Smart LED Indoor Signage Market by Others 2017–2023
Exhibit 41 Global Market by Screen Size 2017
Exhibit 42 Global Market by <32” 2017–2023 ($ million)
Exhibit 43 Global Market by 32–55” 2017–2023 ($ million)
Exhibit 44 Global Market by >55” 2017–2023 ($ million)
Exhibit 45 Global Smart LED Indoor Signage Market 2017 & 2023 ($ million)
Exhibit 46 Global Market by Geography 2017–2023
Exhibit 47 Global Market Share by Geography 2017 – 2023 (%)
Exhibit 48 Market in North America 2017–2023 ($ million)
Exhibit 49 End-user Contribution to Smart LED Indoor Signage Market in North America 2017–2023 ($ million)
Exhibit 50 Market in North America by End-user Segmentation 2017 & 2023
Exhibit 51 Market in North America by End-users ($ million)
Exhibit 52 Smart LED Indoor Signage Market in North America Overview ($ million)
Exhibit 53 Market in North America by Key Countries 2017 & 2023
Exhibit 54 Market in US 2017–2023 ($ million)
Exhibit 55 Smart LED Indoor Signage Market in Canada 2017–2023 ($ million)
Exhibit 56 Market in Europe 2017–2023 ($ million)
Exhibit 57 Smart LED Indoor Signage Market in Europe by End-user Segmentation 2017 & 2023
Exhibit 58 Market in Europe by End-users 2017–2023 ($ million)
Exhibit 59 Smart LED Indoor Signage Market in Europe Overview 2017–2023 ($ million)
Exhibit 60 Market in Europe by Key Countries 2017 & 2023
Exhibit 61 Market in UK 2017–2023 ($ million)
Exhibit 62 Market in Germany 2017–2023 ($ million)
Exhibit 63 Market in France 2017–2023 ($ million)
Exhibit 64 Market in APAC 2017–2023 ($ million)
Exhibit 65 End-user Contribution to Smart LED Indoor Signage Market in APAC 2017–2023 ($ million)
Exhibit 66 Asia’s Top 10 Airports Based on Passenger Traffic 2016
Exhibit 67 Smart LED Indoor Signage Market in APAC by End-user Segmentation 2017 & 2023
Exhibit 68 Market in APAC by End-users 2017–2023 ($ million)
Exhibit 69 Market in APAC Overview 2017–2023 ($ million)
Exhibit 70 Smart LED Indoor Signage Market in APAC by Key Countries 2017 & 2023
Exhibit 71 Market in China 2017–2023 ($ million)
Exhibit 72 China Retail Sales Growth 2011−2023
Exhibit 73 Market in Japan 2017–2023 ($ million)
Exhibit 74 Market in South Korea 2017–2023 ($ million)
Exhibit 75 Smart LED Indoor Signage Market in Latin America 2017–2023 ($ million)
Exhibit 76 Comparison of Retail Landscapes in Latin America 2015
Exhibit 77 Internet Penetration in Latin America 2016 (% of population)
Exhibit 78 End-user Contribution to Smart LED Indoor Signage Market in Latin America 2017–2023 ($ million)
Exhibit 79 Smart LED Indoor Signage Market in Latin America by End-user Segmentation 2017 & 2023
Exhibit 80 Market in Latin America by End-users 2017–2023 ($ million)
Exhibit 81 Market in Latin America Overview 2017–2023 ($ million)
Exhibit 82 Smart LED Indoor Signage Market in MEA 2017–2023 ($ million)
Exhibit 83 End-user Contribution to Smart LED Indoor Signage Market in MEA 2017–2023 ($ million)
Exhibit 84 Market in MEA by End-user Segmentation 2017 & 2023
Exhibit 85 Market in MEA by End-users 2017–2023 ($ million)
Exhibit 86 Smart LED Indoor Signage Market in MEA Overview 2017–2023 ($ million)
Exhibit 87 Overview of Market Concentration in Geographies 2017 (as illustrated by HHI)
Exhibit 88 Samsung Display Products
Exhibit 89 Philips Business Segments
List Of Tables
Table 1 Key Geographies Definition
Table 2 Key Caveats
Table 3 Currency Conversion 2013−2017
Table 4 YOY Impact of Market Growth Enablers 2017−2023
Table 5 YOY Impact of Market Growth Enablers on Regions 2017
Table 6 AKAMAI 2017 Internet Quality Statistics
Table 7 YOY Impact of Market Growth Restraints 2017−2023
Table 8 YOY Impact of Market Growth Restraints on Regions 2017
Table 9 Top 20 Smart City List 2017
Table 10 Global Smart City Performance Index 2017
Table 11 YOY Impact of Market Opportunities & Trends 2017−2023
Table 12 YOY Impact of Market Opportunities & Trends on Regions 2017
Table 13 Global Market by End-users 2017–2023 ($ million)
Table 14 Global Market by Retail 2017–2023 ($ million)
Table 15 Global Market by Corporates 2017–2023 ($ million)
Table 16 Construction Projects New and Existing Airports 2017 ($ billion)
Table 17 Global Smart LED Indoor Signage Market by Public 2017–2023 ($ million)
Table 18 Global Market by Sports 2017–2023 ($ million)
Table 19 Global Market by Screen Size 2017–2023 ($ million)
Table 20 Global Smart LED Indoor Signage Market by Geography 2017–2023 ($ million)
Table 21 Market in North America 2017–2023 ($ million)
Table 22 Largest Airports in Europe by Number of Passengers 2017 (millions)
Table 23 Top 10 Airports in the UK by Passengers 2017
Table 24 Samsung: Product Offerings
Table 25 LG: Product Offerings
Table 26 Sharp: Product Offerings
Table 27 Panasonic: Product Offerings
Table 28 Philips: Product Offerings
Table 29 Qualitative Summary of Global Smart LED Indoor Signage Market
Table 30 Global Smart LED Indoor Signage Market by Geographies ($ million)
Table 31 Market in North America ($ million)
Table 32 Market in Europe ($ million)
Table 33 Market in APAC ($ million)
Table 34 Market in Latin America ($ million)
Table 35 Market in MEA ($ million)
Table 36 Global Market by End-users 2017–2023 ($ million)
Table 37 Global Market by Retail 2017–2023 ($ million)
Table 38 Global Smart LED Indoor Signage Market by Public 2017–2023 ($ million)
Table 39 Global Market by Corporates 2017–2023 ($ million)
Table 40 Global Market by Sports 2017–2023 ($ million)
Table 41 Global Market by Others 2017–2023 ($ million)
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Screen Type
4.3.2 Market Segmentation by End-user Type
4.3.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Smart LED Indoor Signage Market Dynamics
8.1 Smart LED Indoor Signage Market Growth Enablers
8.1.1 Growing adoption of smart LED Signage
8.1.2 High ROIs
8.1.3 Declining prices of micro-displays
8.1.4 Declining cost of semiconductor chips and sensors
8.1.5 YOY Impact of Market Growth Enablers
8.1.6 YOY Impact of Market Growth Enablers on Regions
8.2 Smart LED Indoor Signage Market Growth Restraints
8.2.1 E-commerce to challenge the brick-and-mortar retailing model
8.3 Inadequate internet bandwidth in developing countries
8.3.1 Lack of awareness and low penetration in developing regions
8.3.2 YOY Impact of Market Growth Restraints
8.3.3 YOY Impact of Market Growth Restraints on Regions
8.4 Smart LED Indoor Signage Market Opportunities & Trends
8.4.1 Increase in going mobile and going social trend
8.4.2 Rise in upcoming smart cities
8.4.3 Increasing urbanization
8.4.4 YOY Impact of Market Opportunities & Trends on Regions
9 Global Smart LED Indoor Signage Market
9.1 Smart LED Indoor Signage Market Overview
9.2 Smart LED Indoor Signage Market Size & Forecast
9.3 Porter’s Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 Smart LED Indoor Signage Market by End-User
10.1 Smart LED Indoor Signage Market Overview
10.2 Retail Industry
10.2.1 Market Size & Forecast
10.2.2 Segmentation by Geography
10.3 Corporates
10.3.1 Market Size & Forecast
10.3.2 Segmentation by Geography
10.4 Public
10.4.1 Market Size & Forecast
10.4.2 Airports
10.4.3 Subways
10.4.4 Theatres and Others
10.4.5 Segmentation by Geography
10.5 Sports
10.5.1 Market Size & Forecast
10.5.2 Indoor Stadiums
10.5.3 Gyms, Fitness Centers, and Others
10.5.4 Segmentation by Geography
10.6 Others
10.6.1 Market Size & Forecast
10.6.2 Segmentation by Geography
11 Smart LED Indoor Signage Market by Screen size
11.1 Market size & Forecast
11.2 <32” screen size
11.2.1 Market Size & Forecast
11.3 32–55” screen size
11.3.1 Market Size & Forecast
11.4 >55” screen size
11.4.1 Market Size & Forecast
12 Smart LED Indoor Signage Market by Geography
12.1 Smart LED Indoor Signage Market overview
13 North America
13.1 Market Size & Forecast
13.2 END-user Segmentation
13.2.1 Market Size and Forecast by End-users
13.3 Key Countries
13.3.1 US: Market Size & Forecast
13.3.2 Canada: Market Size & Forecast
14 Europe
14.1 Market Size & Forecast
14.2 END-USER Segmentation
14.2.1 Market Size and Forecast by End-users
14.3 Key Countries
14.3.1 UK: Market Size & Forecast
14.3.2 Germany: Market Size & Forecast
14.3.3 France: Market Size & Forecast
15 APAC
15.1 Market Size & Forecast
15.2 END-USER Segmentation
15.2.1 Market Size & Forecast by End-users
15.3 Key Countries
15.3.1 China: Market Size & Forecast
15.3.2 Japan: Market Size & Forecast
15.3.3 South Korea: Market Size & Forecast
16 Latin America
16.1 Market Size & Forecast
16.2 End-User Segmentation
16.2.1 Market Size & Forecast by End-users
17 Middle-East Africa
17.1 Market size & Forecast
17.2 End-User Segmentation
17.2.1 Market Size & Forecast by End-users
18 Competitive Landscape
18.1 Competition overview
18.2 Market Structure and Competition Mapping
18.2.1 Herfindahl-Hirschman Index
19 Key Company Profiles
19.1 Samsung
19.1.1 Business Overview
19.1.2 Samsung in Global Smart LED Indoor Signage Market
19.1.3 Major Product Offerings
19.1.4 Key Strategies
19.1.5 Key Strengths
19.1.6 Key Opportunities
19.2 LG Electronics
19.2.1 Business Overview
19.2.2 Business Segments
19.2.3 LG in Global Smart Indoor LED Signage Market
19.2.4 Major Product Offerings
19.2.5 Key Strengths
19.2.6 Key Strategy
19.2.7 Key Opportunities
19.3 Sharp
19.3.1 Company Overview
19.3.2 Major Product Offerings
19.3.3 Product Offerings
19.3.4 Key Strategy
19.4 Panasonic
19.4.1 Company Overview
19.4.2 Major Product Offerings
19.4.3 Key Strategy
19.5 Philips
19.5.1 Business Overview
19.5.2 Philips in Global Smart LED Indoor Signage Market
19.5.3 Major Product Offerings
19.5.4 Key Strengths
19.5.5 Key Strategy
19.5.6 Key Opportunities
20 Other Prominent Vendors
20.1 NEC display
20.1.1 Business Overview
20.2 Vestel
20.2.1 Business Overview
20.3 BenQ
20.3.1 Business Overview
20.4 IAdea
20.4.1 Business Overview
20.5 Toshiba
20.5.1 Business Overview
20.6 MetroPlusAds
20.6.1 Business Overview
20.7 Grandwell Smart Display Solutions
20.7.1 Business Overview
20.8 First Touch solutions
20.8.1 Business Overview
20.9 INK Drops
20.9.1 Business Overview
20.1 Tecnon Smart Display
20.10.1 Business Overview
21 Report Summary
21.1 Key Takeaways
21.2 Strategic Recommendations
21.3 Qualitative Summary
21.4 Quantitative Summary
21.4.1 Market by Geography
21.4.2 Market by End-users
22 Appendix
22.1 Abbreviations
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Frequently Asked Questions
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