Global LED Modular Display Market Trend & Growth
The Global LED Modular Display Market size is estimated at USD 6.45 billion in 2020 and it is expected
to reach 12.48 billion by 2027 at a CAGR 13.3%.
LED is known as light emitting diodes. The LED modular display allows any screen size or configuration
to be created. The display innovations supplies, installs, and provide support and maintenance for
digital LED screens. The LED modular displays are designed for indoor and outdoor use. The LED
modular displays consist of flat panel display, which integrates the LEDs and the rest of the necessary
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In the report, Global LED Modular Display Market has been analyzed through a
segmental perspective. The market segmentation allows a deeper understanding
of the market hotspots.
The rise in the adoption of LED modular displays across various applications like Retail Stores, Sports
and Entertainment, Media & Advertising, Airports/ Railways, and Auditoriums & Control Rooms is
expected to propel the global LED modular display market. Also, the rise in the number of outdoor
events like sports, music concerts, brand endorsements, and political assemblies will positively
influence the LED modular market growth over the forecast period. Furthermore, an increase in
adoption of advanced technologies such as artificial intelligence, machine learning, big data, and
augmented reality to increase customer engagement is expected to fuel the market growth. For
instance, retail stores use interactive displays which enable customers to try on dresses virtually.
The huge initial investment expected to hamper the global LED modular display market growth. Also,
the rise in COVID 19 pandemic is expected to have a negative impact on the LED modular display
market. As the many governments announced lock down to avoid spread of COVID 19 has