There are many different types of LED displays. Some of the most common ones are as follows:
1. Stadium Displays – LED-based scoreboards display scores, animations, replays, and advertisements, etc.
2. Scrolling Displays – These LED-based tickers to show RSS feeds, short messages, news headlines, twitter messages, stock information and live data, etc. The primary objective of a LED-based ticker is to show the essential information sensibly in BFSI or any other relevant sectors.
3. Architectural Indoor Displays – Different types of LED cylinders and displays can be attached to the ground or hung from the ceiling. LED-based dance floors are not only the talk of the market but are using state of the art technology, and have unlimited possibilities in the possible future.
On a general scale, the digital signage industry was expected to be around $15 billion by 2015 with an expectation of getting a profit of 5.3 percent CAGR in the coming years. Development in the process and production of display panels have enabled to reduce the price and expected to lessen down the signage business in the coming years.
The digital signage industry of the United States was estimated to be around $4.3 billion in 2015. Changing trends and massive demand for LED-based signboards and displays have created an impact on the growth of the industry.
Improved user based experience and enthusiastic overview of the application are the most vital factors for the growth of Industry in APAC. With high demand for digital sign boards and displays in the transportation sector is expected to improve the CAGR by 7 percent in the region overall.
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