South Korea Outdoor LED Displays Market Overview, 2028

The use of outdoor LED displays in South Korea is not limited to advertising and marketing, but is also used for a variety of other applications, such as public transportation, sports events, and government announcements. South Korea is home to some of the largest LED display manufacturers, including Samsung, LG, and DGI. In 2018, South Korea set a world record for the largest LED facade, covering around 31,000 square meters of the Lotte World Tower in Seoul. South Korea is also known for its advanced digital infrastructure, including high-speed internet and 5G networks, which enables the use of advanced digital technologies such as outdoor LED displays. One of the notable trends in the South Korean market is the development of new and innovative display technologies. For example, transparent LED displays, curved displays, and flexible displays are becoming more common in the market, enabling new and creative applications for LED displays. According to the research report "South Korea Outdoor LED Display Market Overview, 2028," published by Bonafide Research, The South Korea Outdoor LED Display market is projected to reach a market size of USD 240.36 Million by 2023 to 2028. South Korea is an urbanized country with a large and growing population, making it an attractive market for advertisers. LED displays are a popular choice for outdoor advertising due to their high visibility, dynamic content capabilities, and cost-effectiveness. South Korea is known for its passion for sports and entertainment, with many large-scale events and concerts taking place throughout the year. LED displays are often used in these events to provide information and advertising to attendees, creating opportunities for LED display manufacturers and installers. Based on the technology includes the surface mounted and Individually Mounted Outdoor LED Displays. The surface mounted technology covers the highest market share in the country. This technology allows for greater design flexibility, which is important for creating customized LED displays to meet specific requirements. Augmented reality (AR) and virtual reality (VR) LED displays are being used to create immersive AR and VR experiences in various industries, such as advertising, gaming, and education. South Korean LED manufacturers are developing advanced technologies to enable more interactive and engaging AR/VR experiences. Based on the color display includes the full-color display, tri-color display and monochrome display. Currently in South Korea the full color display is having the highest market share in country. Full color displays offer vibrant and eye-catching visuals that can attract more attention and convey a message more effectively. They offer greater color depth and saturation, which can enhance the visual impact of the display. The all the industry prefer the full color display to present or advertise some things.\ There are several start-ups in South Korea that are focused on developing innovative technologies and solutions for the outdoor LED display market. Lumen is a start-up that develops high-quality LED displays for a range of applications, including outdoor advertising, stadiums, and events. Their LED displays are designed to be energy-efficient and durable, with a focus on providing exceptional visual quality. Unilumin is a start-up that specializes in LED display technology for a variety of applications, including outdoor advertising, sports venues, and large-scale events. They offer a range of LED display products, including curved and flexible displays, as well as solutions for smart cities and smart transportation. ModooPlay is a start-up that develops interactive LED displays for use in public spaces, such as shopping malls, airports, and transportation hubs. Their displays are designed to engage and entertain viewers, with features such as touchscreens and augmented reality. Korea LED Solution is a start-up that offers LED display solutions for a range of applications, including outdoor advertising, digital signage, and event displays. They specialize in custom LED display designs and offer a range of LED products, including flexible and transparent displays. Lightwell is a start-up that specializes in outdoor LED display solutions for sports venues, events, and concerts. They offer high-quality LED displays that are designed to be durable and energy-efficient, with a focus on providing an immersive visual experience. Based on the application includes the led billboard, perimeter led board, led mobile panel, led traffics light, led video wall and led matrix. In South Korea the led billboard is dominate the market.

Considered in this report • Geography: South Korea • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • South Korea Outdoor LED Display market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Mounted Technology • Surface-Mounted Outdoor LED Display • Individually Mounted Outdoor LED Displays

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Manmayi Raval

Research Consultant

By Color Display • Full Color Display • Tri Color Display • Monochrome Display By Application • LED Billboards • Perimeter LED Boards • LED Mobile Panel • LED Traffic Lights • LED Video Walls • LED Matrix Boards The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

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Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Outdoor LED Display industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.