LED Modular Display Market (By Type) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2025-2034

LED Modular Display Market Size, Share, Report 2025-2034

The global LED modular display market size was exhibited at USD 9.15 billion in 2024 and is expected to grow from USD 10.34 billion in 2025, to reach around USD 30.95 billion by 2034, expanding at a CAGR of 12.96% over the forecast period.

Key Pointers

• By Region, North America dominated the market with the largest market share of 41% in 2024.
• By Type, the indoor modular screens segment contributed the largest market share in 2024.
• By Type, the outdoor modular screens segment is anticipated to grow at the noteworthy CAGR from 2025 to 2034.

What are the Growth Factors of LED Modular Display Market?

The growth of the LED modular display market is primarily fueled by an advancement in LED technology have significantly improved display quality, enabling higher resolution and better color accuracy, which attracts businesses seeking to enhance visual communication. Additionally, the rising demand for digital signage across various sectors, including retail, transportation, and entertainment, has propelled the adoption of LED modular displays, as they effectively capture consumer attention and convey dynamic content. Moreover, the versatility and customization options of LED modular displays allow for tailored solutions that fit diverse application needs, further driving their popularity. Finally, the ongoing shift towards more energy-efficient solutions has made LED technology an appealing choice, as these displays consume less power while delivering exceptional performance, aligning with sustainability goals for many organizations.

Report Scope of the LED Modular Display Market

What are the Trends in LED Modular Display Market?

• Increased Adoption of Rental Displays: The demand for rental LED displays is growing, particularly for events, concerts, and exhibitions, due to their flexibility and ease of transport. This trend allows businesses to use high-quality displays without significant capital investment.
• Integration of Smart Technology: The incorporation of smart technology in LED modular displays is on the rise. Features such as remote monitoring, automated brightness adjustment, and cloud-based content management systems enhance user experience and operational efficiency.
• Growing Popularity of Interactive Displays: Interactive LED displays are becoming more common, providing users with engaging experiences through touch, motion, and gesture recognition. This trend is particularly prevalent in retail and education sectors, where audience engagement is crucial.
• Emergence of Transparent LED Displays: Transparent LED displays are gaining traction, especially in retail and architectural applications. Their ability to blend seamlessly with surroundings while providing high-quality visuals offers a unique aesthetic appeal.

What are the Key Challenges Faced by LED Modular Display Market?

• High Initial Costs: The significant upfront investment required for high-quality LED modular displays can be a barrier for many businesses, especially small and medium-sized enterprises. This cost can limit market penetration and adoption rates.
• Competition from Alternative Technologies: The rise of competing display technologies, such as OLED and LCD, poses a challenge to the LED modular display market. These alternatives often provide comparable or superior image quality, which can sway potential customers.
• Technical Complexity: The installation and maintenance of LED modular displays can be complex, requiring specialized knowledge and skills. This complexity can deter businesses from adopting these systems, particularly in regions with limited technical support.
• Limited Awareness and Understanding: Many potential customers may lack awareness of the benefits and capabilities of LED modular displays. This knowledge gap can hinder market growth, as businesses may not fully appreciate the value these displays can offer.

Regional Analysis 

Which Region Dominated the LED Modular Display Market?

North America LED Modular Display Market Trends

The North American LED modular display market emerged as a lucrative region in 2024, bolstered by a strong culture of research and development that drives innovation in LED technology. The well-developed manufacturing infrastructure and robust supply chains facilitate a steady flow of components and raw materials, supporting the production of high-quality LED modular displays. With a strong economy and rising disposable incomes, demand for LED modular displays across various applications is increasing. Furthermore, businesses in North America are increasingly investing in advanced technologies, such as LED displays, to enhance their operations. The U.S. LED modular display market led the region, driven by diverse applications, including entertainment, advertising, and corporate communications. Continuous advancements in LED technology featuring lower power consumption, higher brightness, and improved color accuracy make these displays increasingly appealing across various sectors. The growing trend of digital signage in entertainment, retail, and corporate environments is fueling demand for LED modular displays, which provide versatile and impactful visual solutions. Additionally, large-scale events and concerts rely heavily on LED modular displays to deliver immersive visual experiences, contributing significantly to market growth.

Europe LED Modular Display Market Trends

The European LED modular display market is poised for significant growth during the forecast period. The region holds a considerable share due to strong demand stemming from digital out-of-home (DOOH) advertising initiatives and the increasing adoption of technologies in countries such as the U.K., Germany, Italy, and Belgium. The rising prevalence of corporate trade shows, sporting events, and live performances is also expected to drive the demand for LED modular displays in Europe. For example, Panasonic Connect Co., Ltd. partnered with the Olympic Broadcasting Services (OBS), the Paris Organizing Committee for the Olympic Games, and the International Olympic Committee (IOC) to deliver state-of-the-art audiovisual solutions for event operations. This collaboration involves broadcast production equipment, professional displays, and projection systems for the Paris 2024 Olympic and Paralympic Games.

In 2023, the U.K. LED modular display market held a significant share, driven by government initiatives aimed at promoting smart cities and digital transformation. These efforts are expected to create opportunities for LED displays in transportation, public spaces, and infrastructure. Continuous innovation and technology adoption are likely to attract new LED display products and applications, driving market growth during the forecast period. Additionally, the expanding retail sector in the U.K. is anticipated to encourage widespread adoption of LED modular displays in retail environments to enhance the customer experience.

Segmental Analysis 

Type Analysis 

The indoor modular screens segment led the global market, capturing a revenue share in 2024. This growth is primarily driven by the increasing demand for LED video walls to present departure and arrival information for flights, buses, and trains at airports and transit stations. Recognized for their reliability and efficiency, LED video walls are gaining popularity due to their capacity to deliver seamless, high-quality images. Consequently, these indoor modular screens are widely utilized in retail environments and shopping centers, further propelling market expansion.

Conversely, the outdoor modular screens segment is projected to experience a notable compound annual growth rate (CAGR) throughout the forecast period. Outdoor LED screens are specifically designed to convey information attractively, even in challenging weather conditions like dust, heat, and rain. The segment’s growth is fueled by a rising demand for outdoor LED displays in various applications, including stadium screens, advertising boards, scoreboards, and video walls. Additionally, the surge in outdoor activities, such as concerts, sporting events, brand promotions, product launches, and political gatherings, is anticipated to stimulate market growth.

Recent Developments

• In May 2024, Planar unveiled a new range of Leyard LED display solutions designed to enhance its product lineup, specifically targeting outdoor applications, standard pitch displays, and high-demand staging and rental markets. The company expressed enthusiasm about expanding its footprint in these segments and improving customer service to meet diverse needs.
• Additionally, in May 2024, Daktronics introduced its innovative Flip-Chip COB (Chip On Board) LED display technology to the global market. This new offering in the Narrow Pixel Pitch (NPP) product line boasts improved reliability, durability, and reduced power consumption, all contributing to an enhanced customer experience. With this launch, Daktronics aims to stay aligned with the latest technological trends within the LED industry.

Top Companies in LED Modular Display Market

• Barco
• Daktronics
• Mitsubishi Electric Corporation
• NEC Display Solutions (SHARP CORPORATION)
• Panasonic Corporation
• PixelFLEX
• Planar (LEYARD)
• Prismaflex (Baxter)
• Pro Display
• SAMSUNG
• SHENZHEN ABSEN OPTOELECTRONIC CO.,LTD
• Sony Corporation
• Unilumin
• YAHAM

LED Modular Display Market Segmentation:

By Type

• Indoor Modular Screens
• Outdoor Modular Screens

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)