Northern Region accounted for the largest revenue share in the India Active LED Market – 6Wresearch
Northern Region accomplished majority of revenue share in India Active LED Market in 2022, and similar trend is most likely to continue in future owing to the rise in government spending in advertisement due to G20 meeting 2023 in northern cities like Delhi, Srinagar, Varanasi, and other cities. Active LED market is gaining traction in India across stadiums, entertainment industry and other allied sectors by application as these screens offer fine pixels and produces high dynamic range (HDR) videos convenient for the purpose of displaying information. The India Active LED Market Share is growing due to increase in promotion campaigns across retail industry, with further growth across hospitality sector which would install LED Videowall in the future.
According to 6Wresearch, India Active LED market size is projected to grow at a CAGR of 19.0% during 2023-29. Increase in advertisement and out of home advertisement spending in India would surge the demand for LED Videowall screens across public places and retail sectors. Additionally, the digital market is the key driver of India advertising market with approximately 32 per cent growth and 40% share of ad spends by the year 2023. This would create market for Active LED market in future. The sector has been growing effortlessly in the country. As LED Videowall are deployed at metro stations and airports, the demand for Active LED market is set to witness a massive surge in the nation in the upcoming years. The sector is propelling as the demand for LED is rising more and more in the country.
According to Ravi Bhandari, Research Head, 6Wresearch, indoor segment would acquire major share in 2022, as government and Corporates are adopting more of Indoor LED Displays because of reduced pixel size and thus demand for Indoor LED Videowalls would grow in future.
“The India Active LED Market (2023-2029)” report provides an in-depth analysis with 44 figures and 12 tables, covered in 171 pages. The report on Active LED Market in India comprehensively covers the market by application, pixel pitch, indoor technology, product category, and region. The report provides a detailed and unbiased analysis of the on-going growth drivers, opportunities/high growth areas, and trends of the market which are estimated support the stakeholders to align and devise their market strategies according to the latest and future market dynamics.