Indoor LED signs and professional displays market set to reach $43.2 billion in 2027

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The worldwide value of indoor LED-based signage and professional displays is set to reach $43.2 billion in 2027, after hitting $21 billion last year (2017), according to a new market report by Electronicast Consultants. This includes direct LED cluster-type screens and LED-backlit LCD screens.

Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative.

The 10-year forecast also covers outdoor-equipped digital signage (such LED signs on the outside of a business or organisation), in addition to the sub-systems. The value of LED-based sub-systems used in the outdoor applications is forecast to increase from $3.7 billion in 2017 to $7 billion in 2027, Electronicast forecasts. In 2017, LED tile modules (sub-panels) used in direct cluster-type screens lead in relative market share, followed by LED lighting in traditional sign-box/channel letter signage/display.

'Digital signage uses a variety of communication links between the hardware components, which include a PC, a mobile operating system unit/Android device, or a system-on-chip (SoC) interface and the actual display (LED signage, LCD screens, projector) along with the software-based content management system (CMS). The immediate communication linkage between transmitters and receivers involve a wireless link (very short to medium-length links), copper-wire (medium length), or fibre optic cable (typically a link length up to 20km),' said Stephen Montgomery, director of the LED market/technology research group at Electronicast.