NEW YORK – February 20, 2018 – My Choice LED, a pioneer in LED display solutions that provides a wide range of indoor/outdoor LED displays and video walls, announced to release a report on the 2019 global LED display market. The report is expected to be a valuable source of guidance and direction for both companies and individuals who are interested in the industry.
A LED display (or light emitting diode display), is a flat panel display that uses an array of light-emitting diodes as the video display. An LED display panel can be either a small display or part of a larger display. They are typically used indoors or outdoors as store signs and billboards, and in recent years have also become commonly used in tourist destinations, education, healthcare, transportation and trade shows. Sports arena area has seen a drastic upsurge in need of LED displays as the popularity of the World Cup.
According to the Marketing Chief of My Choice LED, “the Asia-Pacific region had already captured the first largest share of the LED display sales market with 49.96% in 2017, and this number is expected to continually grow, with North America ranking the second and followed by Europe and other regions.”
“The last year has witnessed the fastest growth of indoor LED display, whose market share is about 59 percent, while the outdoor display market occupies roughly 41 percent. Full color display has become the mainstream product of LED display gradually,” the Marketing Chief further reveals. “Although up till now there have already been many application areas in the LED display market, new areas are still coming into being, which will surely create a good market space for the development of LED industry.”
Based on the study carried out by market specialists and analysts at My Choice LED, over the next five years the LED Display market will achieve a 5.5% CAGR (compound annual growth rate) in terms of revenue; the global market size will reach US$ 7790 million by 2024, from US$ 5660 million possibly in 2019.
About My choice LED
My Choice LED is a well-recognized leader with rich experience in the LED display market. It offers tailor-made solutions for multiple areas such as transportation, house of worship, education, healthcare, retail and hospitality, trade show, sports and arenas, tourism, etc. Always putting the needs of its clients in the first place, My Choice LED has accomplished numerous LED displays works across the globe as of today.
Company Name: My Choice LED
Contact Person: Catherine White
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Address:2200 Smithtown Avenue, Room 1
State: NY 11742-7329
Country: United States