Albany, NY, Jan. 12, 2016 (GLOBE NEWSWIRE) -- The growing demand for LED screens, perimeter LED displays digital score boards in sports arena and stadiums and increasing size of sports venues has led to increased demand for LED displays. Stadiums hosting thousands of people require large, high-impact displays to engage the audience, communicate relevant information, and create a unique viewer experience. Stadium managers increasingly expect digital signage LED boards to be a central part of the spectators’ experience. A large number of English football clubs have ongoing schemes to redevelop existing grounds, or to move to newly constructed stadiums. These new stadiums are planned to be equipped with LED screens to provide more visibility to the viewers. LED displays facilitate slow-motion replay, close-ups, giving the audience the perfect visual feast. Stadium LED displays are also used to broadcast live games and connect referee systems. Connecting these displays with referee systems maintain fair play, justice, and reduces unnecessary conflicts.
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On the basis of type, the global LED stadium screens market is segmented into LED ribbon displays, LED video screens, perimeter LED displays and scoreboards and timing screens. In terms of revenue, in 2014, LED video screens was the major contributor in the market and accounted for around 68% of the overall LED stadium screens market. Moreover, LED video screens segment is expected to expand at a CAGR of 7.0% from 2015 to 2022.
In terms of technology, the market is segmented into individually mounted and surface mounted LED displays. In 2014, individually mounted LED display segment accounted for the largest revenue share of around 60% of the overall LED stadium screens market, globally. However, surface mounted LED display segment is expected to grow at fastest rate in terms of revenue in the LED stadium screens market during the forecast period from 2015 to 2022.
Geographically, Europe is the largest market for LED stadium screens globally and it is expected to maintain its dominant position throughout the forecast period. In 2014, Europe accounted for around 35% of the overall LED stadium screens market. However, Asia Pacific is expected to witness fastest growth during the forecast period. Asia Pacific, especially in terms of countries such as China, Japan, South Korea, India, Australia, and Singapore, offers several growth opportunities for the LED stadium screens market.
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The global LED stadium screens market, in current situation shows the presence of key players including Daktronics, Inc., EKTA Ltd., Barco N.V., Sony Corporation, Panasonic Corporation, Vegas LED Screens, Shenzhen Dicolor Optoelectronics Co., Ltd., Pro Display, Leyard Optoelectronic Co., Ltd., HS Sports Ltd., Mitsubishi Electric Corporation, Technovision srl, ADI Group, OR Rishon Digital, Euro Display srl, Bodet Sport, and Hunan Xinyasheng Technology & Development Co., Ltd.
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