Smart LED Indoor Signage Market, By Type (> 32 Screen Size, 32-55 Screen Size, and <55 Screen Size), By Application (Retail Industry, Public, Sports, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

Report Code: PMI247519 | Publish Date: April 2024 | No. of Pages: 168

PGlobal Smart LED Indoor Signage Overview

Introduction:

Smart LED Indoor Signage Market was valued at US$ 1.8 billion in 2024 and is projected to grow at a CAGR of 23.3% to reach US$ 12.2 billion by 2034.

Bright LED indoor signage is a digital display that uses light-emitting diodes (LEDs) to create images, text, or videos. It is often used for advertising, informational purposes, or road navigation. Bright LED indoor signage is becoming increasingly popular.

Some of the standard features of bright LED indoor signage include a built-in media player, which allows videos, images, and other content to play directly on the display without needing a separate device. Most LED signage also has Wi-Fi or Ethernet connectivity to connect the display to the internet to update content remotely and access cloud-based content. Content management software is also included with LED Signage nowadays.The smart LED Indoor Signage Market is rapidly growing, and its products offer many benefits over traditional LED signage. They offer high brightness and clarity even in direct sunlight. They are known for their ability to display a versatile array of digital content, including images, text, videos, and live streams. They can also be used in various locations, such as innovative retail stores, offices, hospitals, and schools.

Another significant advantage is that LED displays are much easier to use due to remote handling and more energy-efficient than traditional LCDs. Advancements in LED technology are making smart LED signage more affordable, higher-resolution, and brighter. This makes them even more attractive to businesses of all sizes, leading to more demand within the     Smart LED Indoor Signage Market.In 2022, there were about 11.5 thousand digital billboards in the United States, an increase of almost 14% from 2021. Increasing dependency on digital signage to engage potential buyers is expected to impact the demand in the smart LED indoor signage market in a positive manner.

Introduction - Smart LED Indoor Signage Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

PGlobal Smart LED Indoor Signage Dynamics

Drivers of the Smart LED Indoor Signage Market:      

  • Increasing demand for visually appealing and dynamic advertising solutions:

Traditional static signage is becoming less effective in capturing attention in today's fast-paced world. Smart LED signage offers a more dynamic and engaging way to deliver messages, with the ability to display high-definition videos, animations, and other eye-catching content. Commercialization has, therefore, led to the need for continuous innovation and upgradation in the Smart LED Indoor Signage Market.

  • Rising need for interactive and engaging customer experiences:

Businesses are increasingly looking for ways to create more interactive and engaging customer experiences. Smart LED signage can be used to create interactive displays that allow customers to learn more about products or services, play games, or even provide feedback.

  • Growing trend of digitalization in the retail sector:

The retail sector is undergoing a major digital transformation, and intelligent LED signage is playing a key role in this process. Retailers use smart LED signage to improve the customer experience, promote products and services, and collect data on customer behavior. With growth of the retail sector, the Smart LED Indoor Signage Market is also expected to witness rapid expansion.

  • Escalating focus on efficient and targeted advertising:

Businesses are under increasing pressure to get the most out of their advertising budgets. Smart LED signage offers a more targeted and efficient way to reach customers than traditional advertising. Businesses can use bright LED signage to target specific demographics or interests, and they can track the results of their campaigns in real time.

  • High level of efficiency of LED:

LED displays are much more energy-efficient than traditional signage options, such as incandescent or fluorescent lighting. This can lead to significant cost savings for businesses over time.

Restrains of the Smart LED Indoor Signage Market:

  • High Initial Cost:

Smart LED indoor signage market consists of products which can be significantly more expensive than traditional static signage. This high initial cost can be a deterrent for some businesses, especially small and medium-sized businesses.

  • Complexity of Installation and Maintenance:

Products within the smart LED indoor signage market can be complex to install and maintain. This can require specialized skills and knowledge, which can add to the overall cost of ownership.

  • Security Concerns:

Smart LED indoor signage systems are connected to networks and can be vulnerable to cyberattacks. Businesses need to take steps to secure their signage systems to protect them from unauthorized access and manipulation.

  • Limited Content Creation Expertise:

Creating engaging and effective content for smart LED indoor signage can be challenging. Businesses may need to invest in content creation expertise or partner with a digital signage provider.

Key Opportunities in Smart LED Indoor Signage Market:

  • Growing Need for Interactive and Engaging Customer Experiences:

Smart LED signage can be used to create interactive experiences that can help to engage customers, improve brand recall, and increase customer satisfaction. This ability has led to more demand for the Smart LED Indoor Signage Market.

  • Digitalization in the Retail Sector:

The retail sector is undergoing a rapid digital transformation. Smart LED signage can be used to improve the in-store customer experience by providing product information, displaying promotions, and offering wayfinding assistance.

  • Technological Advancements:

Advancements in LED technology, such as the development of microLEDs, are making smart LED signage more affordable, higher resolution, and more energy-efficient. This is making them a more attractive option for a wider range of businesses leading to upscaling of the Smart LED Indoor Signage Market.

PGlobal Smart LED Indoor Signage Segmentation

Smart LED Indoor Signage Market is segmented based on by Type, by Application and Region.

Type Insight

  • > 32 Screen Size- This segment holds the largest market share, accounting for roughly 50% of the Smart LED Indoor Signage Market. This can be attributed to the widespread adoption of these screens in various applications, including retail stores, corporate offices, and public spaces.
  • 32-55 Screen Size- This segment captures around 33% of the market share. These mid-sized screens are suitable for displaying a more comprehensive range of content and are prevalent in areas with moderate viewing distances such as waiting lounges and menu displays.
  • <55 Screen Size- This segment represents the smallest Smart LED Indoor Signage Market share at approximately 16.67%. These larger screens capture attention in big spaces like transportation hubs, stadiums, and convention centers.

                       

Application Insights

  • Retail Industry- This is the largest segment of the Smart LED Indoor Signage Market and is expected to retain its dominancy in the coming years due to the growth of retail sector and increasing use of LED signage to create a dynamic shopping experience with interactive digital displays etc.
  • Public— This is a fast-growing segment as public places are quickly embracing smart LED signage for different purposes, including in public transportation, government, and educational institutions, to provide real-time essential information about arrivals, departures, and delays.
  • Sports- This is a growing segment of the Smart LED Indoor Signage Market as Sports venues are utilizing smart LED signage to engage the audiences and enhance the game experience by using lively displays for scores, replays, statistics, and sponsor advertisements as well as interactive signage for crowd participation and concession promotions.
  • Others— This broad segment encompasses various applications, including corporate offices, hospitals and healthcare facilities, and hotels and the hospitality sector. LED signage is used in these sectors for information display.

Regional Insights:

Regional Insights - Smart LED Indoor Signage Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

 Smart LED Indoor Signage Market Regional Insights:

On region the Smart LED Indoor Signage Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America currently holds the dominant market shares of the smart LED indoor signage market driven by the growing e-commerce industry. Growing retail traffic, digital media, and the need for interactive advertising, allow for more product innovation and boost the regional Smart LED Indoor Signage Market.
  • The Asia Pacific market is expected to witness the fastest growth in the Smart LED Indoor Signage Market during the forecast period due to the rising need for interactive advertisement to attract consumers in the coming years.
  • Europe has developed economies and well-established IT systems that can sustain the shift from traditional to digital interactive advertising without data security breaches. Digital displays are in demand across the healthcare, hospitality, and education industries, which will lead to market growth in the forecast period.
  • Latin America has a rapidly developing Smart LED Indoor Signage Market due to factors like improved access to technological features and a need for increased buyer engagement.
  • Middle East & Africa: The Smart LED Indoor Signage Market in this region is expected to witness significant growth in the coming years, driven by several factors, such as the rapidly growing awareness regarding the benefits of smart LED signs for communication and sharing critical information.

Report Scope:

Attribute              

Details

Market Size 2024

US$ 1.8 billion

Projected Market Size 2034

US$ 12.2 billion

CAGR Growth Rate

23.3 %

Market Segmentation

By Type- > 32 Screen Size, 32-55 Screen Size, and <55 Screen Size

By Application- Retail Industry, Public, Sports, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Smart LED Indoor Signage Market report based on By Type, By Application and Region:

Smart LED Indoor Signage Market, By Product Type:

  • > 32 Screen Size
  • 32-55 Screen Size
  • <55 Screen Size

Smart LED Indoor Signage Market, By Application:

  • Retail Industry
  • Public
  • Sports
  • Others

Smart LED Indoor Signage Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

PGlobal Smart LED Indoor Signage Key Players

The key players operating the Smart LED Indoor Signage Market include Samsung, LG Electronics, Sharp, Panasonic Corporation, Philips, Tecnon Smart Display, INK Drops, Firstouch Solutions, Grandwell Smart Display Solutions, and MetroPlusAds.

PGlobal Smart LED Indoor Signage Key Issues Addressed

Recent Development:

  •  In July 2020, LG introduced the most sophisticated LED signage system, the LSAA LED signage series. This new series integrates cable-less block assembly design, design, and giant-screen performance.

PGlobal Smart LED Indoor Signage Company Profile

  • Samsung
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LG Electronics
  • Sharp
  • Panasonic Corporation
  • Philips
  • Tecnon Smart Display
  • INK Drops
  • Firstouch Solutions
  • Grandwell Smart Display Solutions
  • MetroPlusAds

“*” marked represents similar segmentation in other categories in the respective section.

PGlobal Smart LED Indoor Signage Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • > 32 Screen Size
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • 32-55 Screen Size
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • <55 Screen Size
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Retail Industry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Public
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sports
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America

 

  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Samsung
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LG Electronics
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sharp
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Panasonic Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Philips
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tecnon Smart Display
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • INK Drops
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Firstouch Solutions
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Grandwell Smart Display Solutions
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • MetroPlusAds
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Smart LED Indoor Signage Market is segmented into Type, Application, and Region.

Factors include the demand for dynamic and interactive advertising, advancements in display technology, and the rise of smart cities, driving global growth in smart LED indoor signage.

Challenges include high initial costs, potential resistance to digital advertising, and concerns about energy consumption, posing restraints on the global market.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, Samsung, LG Electronics, Sharp, Panasonic Corporation, Philips, Tecnon Smart Display, INK Drops, Firstouch Solutions, Grandwell Smart Display Solutions, and MetroPlusAds.