Global LED Billboard Market Size, Share, Demand Report By Type (Monochrome, Full-Color, Digital, Transparent), By Mounting Type (Mounted, Portable, Free-Standing), By Pixel Pitch (P2–P4, P5–P8, P10+), By Application (Outdoor Advertising, Sports Arenas, Transportation Hubs, Public Infrastructure, Retail & Hospitality), By End-User Industry (Advertising, Retail, Sports, Transportation, Corporate) & By Region Forecasts, 2025–2030

Report Code: RI1115PUB
Last Updated : October, 2025
Author : Abigail Foster

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: LED Billboard Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on LED Billboard Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. LED Billboard Market, By Type
    1. Introduction
      1. Market Size and Forecast, By Type
    2. Monochrome LED Billboards
      1. Market Size and Forecast, By Region
    3. Full-Color LED Billboards
      1. Market Size and Forecast, By Region
    4. Digital LED Billboards
      1. Market Size and Forecast, By Region
    5. Transparent LED Billboards
      1. Market Size and Forecast, By Region
  10. LED Billboard Market, By Mounting Type
    1. Introduction
      1. Market Size and Forecast, By Mounting Type
    2. Mounted (Wall/Building Mounted)
      1. Market Size and Forecast, By Region
    3. Portable (Trailer or Stand-Alone)
      1. Market Size and Forecast, By Region
    4. Free-Standing (Pole Mounted)
      1. Market Size and Forecast, By Region
  11. LED Billboard Market, By Pixel Pitch
    1. Introduction
      1. Market Size and Forecast, By Pixel Pitch
    2. P2 to P4 (High Resolution)
      1. Market Size and Forecast, By Region
    3. P5 to P8 (Medium Resolution)
      1. Market Size and Forecast, By Region
    4. P10 and Above (Low Resolution)
      1. Market Size and Forecast, By Region
  12. LED Billboard Market, By Application
    1. Introduction
      1. Market Size and Forecast, By Application
    2. Outdoor Advertising
      1. Market Size and Forecast, By Region
    3. Sports Arenas and Stadiums
      1. Market Size and Forecast, By Region
    4. Transportation Hubs (Airports, Railways, Bus Terminals)
      1. Market Size and Forecast, By Region
    5. Public Infrastructure and Government Displays
      1. Market Size and Forecast, By Region
    6. Retail and Hospitality Displays
      1. Market Size and Forecast, By Region
  13. LED Billboard Market, By End-User Industry
    1. Introduction
      1. Market Size and Forecast, By End-User Industry
    2. Advertising and Media Agencies
      1. Market Size and Forecast, By Region
    3. Retail and Consumer Goods
      1. Market Size and Forecast, By Region
    4. Sports and Entertainment
      1. Market Size and Forecast, By Region
    5. Transportation and Infrastructure
      1. Market Size and Forecast, By Region
    6. Corporate and Institutional
      1. Market Size and Forecast, By Region
  14. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. By Type
          1. Monochrome LED Billboards
            1. Full-Color LED Billboards
              1. Digital LED Billboards
                1. Transparent LED Billboards
                2. By Mounting Type
                  1. Mounted (Wall/Building Mounted)
                    1. Portable (Trailer or Stand-Alone)
                      1. Free-Standing (Pole Mounted)
                      2. By Pixel Pitch
                        1. P2 to P4 (High Resolution)
                          1. P5 to P8 (Medium Resolution)
                            1. P10 and Above (Low Resolution)
                            2. By Application
                              1. Outdoor Advertising
                                1. Sports Arenas and Stadiums
                                  1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                    1. Public Infrastructure and Government Displays
                                      1. Retail and Hospitality Displays
                                      2. By End-User Industry
                                        1. Advertising and Media Agencies
                                          1. Retail and Consumer Goods
                                            1. Sports and Entertainment
                                              1. Transportation and Infrastructure
                                                1. Corporate and Institutional
                                              2. U.S.
                                                1. By Type
                                                  1. Monochrome LED Billboards
                                                    1. Full-Color LED Billboards
                                                      1. Digital LED Billboards
                                                        1. Transparent LED Billboards
                                                        2. By Mounting Type
                                                          1. Mounted (Wall/Building Mounted)
                                                            1. Portable (Trailer or Stand-Alone)
                                                              1. Free-Standing (Pole Mounted)
                                                              2. By Pixel Pitch
                                                                1. P2 to P4 (High Resolution)
                                                                  1. P5 to P8 (Medium Resolution)
                                                                    1. P10 and Above (Low Resolution)
                                                                    2. By Application
                                                                      1. Outdoor Advertising
                                                                        1. Sports Arenas and Stadiums
                                                                          1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                            1. Public Infrastructure and Government Displays
                                                                              1. Retail and Hospitality Displays
                                                                              2. By End-User Industry
                                                                                1. Advertising and Media Agencies
                                                                                  1. Retail and Consumer Goods
                                                                                    1. Sports and Entertainment
                                                                                      1. Transportation and Infrastructure
                                                                                        1. Corporate and Institutional
                                                                                      2. Canada
                                                                                    2. Europe
                                                                                      1. Market Size and Forecast
                                                                                        1. By Type
                                                                                          1. Monochrome LED Billboards
                                                                                            1. Full-Color LED Billboards
                                                                                              1. Digital LED Billboards
                                                                                                1. Transparent LED Billboards
                                                                                                2. By Mounting Type
                                                                                                  1. Mounted (Wall/Building Mounted)
                                                                                                    1. Portable (Trailer or Stand-Alone)
                                                                                                      1. Free-Standing (Pole Mounted)
                                                                                                      2. By Pixel Pitch
                                                                                                        1. P2 to P4 (High Resolution)
                                                                                                          1. P5 to P8 (Medium Resolution)
                                                                                                            1. P10 and Above (Low Resolution)
                                                                                                            2. By Application
                                                                                                              1. Outdoor Advertising
                                                                                                                1. Sports Arenas and Stadiums
                                                                                                                  1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                                                                    1. Public Infrastructure and Government Displays
                                                                                                                      1. Retail and Hospitality Displays
                                                                                                                      2. By End-User Industry
                                                                                                                        1. Advertising and Media Agencies
                                                                                                                          1. Retail and Consumer Goods
                                                                                                                            1. Sports and Entertainment
                                                                                                                              1. Transportation and Infrastructure
                                                                                                                                1. Corporate and Institutional
                                                                                                                              2. U.K.
                                                                                                                                1. By Type
                                                                                                                                  1. Monochrome LED Billboards
                                                                                                                                    1. Full-Color LED Billboards
                                                                                                                                      1. Digital LED Billboards
                                                                                                                                        1. Transparent LED Billboards
                                                                                                                                        2. By Mounting Type
                                                                                                                                          1. Mounted (Wall/Building Mounted)
                                                                                                                                            1. Portable (Trailer or Stand-Alone)
                                                                                                                                              1. Free-Standing (Pole Mounted)
                                                                                                                                              2. By Pixel Pitch
                                                                                                                                                1. P2 to P4 (High Resolution)
                                                                                                                                                  1. P5 to P8 (Medium Resolution)
                                                                                                                                                    1. P10 and Above (Low Resolution)
                                                                                                                                                    2. By Application
                                                                                                                                                      1. Outdoor Advertising
                                                                                                                                                        1. Sports Arenas and Stadiums
                                                                                                                                                          1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                                                                                                            1. Public Infrastructure and Government Displays
                                                                                                                                                              1. Retail and Hospitality Displays
                                                                                                                                                              2. By End-User Industry
                                                                                                                                                                1. Advertising and Media Agencies
                                                                                                                                                                  1. Retail and Consumer Goods
                                                                                                                                                                    1. Sports and Entertainment
                                                                                                                                                                      1. Transportation and Infrastructure
                                                                                                                                                                        1. Corporate and Institutional
                                                                                                                                                                      2. Germany
                                                                                                                                                                      3. France
                                                                                                                                                                      4. Spain
                                                                                                                                                                      5. Italy
                                                                                                                                                                      6. Russia
                                                                                                                                                                      7. Nordic
                                                                                                                                                                      8. Benelux
                                                                                                                                                                      9. Rest of Europe
                                                                                                                                                                    2. APAC
                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                        1. By Type
                                                                                                                                                                          1. Monochrome LED Billboards
                                                                                                                                                                            1. Full-Color LED Billboards
                                                                                                                                                                              1. Digital LED Billboards
                                                                                                                                                                                1. Transparent LED Billboards
                                                                                                                                                                                2. By Mounting Type
                                                                                                                                                                                  1. Mounted (Wall/Building Mounted)
                                                                                                                                                                                    1. Portable (Trailer or Stand-Alone)
                                                                                                                                                                                      1. Free-Standing (Pole Mounted)
                                                                                                                                                                                      2. By Pixel Pitch
                                                                                                                                                                                        1. P2 to P4 (High Resolution)
                                                                                                                                                                                          1. P5 to P8 (Medium Resolution)
                                                                                                                                                                                            1. P10 and Above (Low Resolution)
                                                                                                                                                                                            2. By Application
                                                                                                                                                                                              1. Outdoor Advertising
                                                                                                                                                                                                1. Sports Arenas and Stadiums
                                                                                                                                                                                                  1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                                                                                                                                                    1. Public Infrastructure and Government Displays
                                                                                                                                                                                                      1. Retail and Hospitality Displays
                                                                                                                                                                                                      2. By End-User Industry
                                                                                                                                                                                                        1. Advertising and Media Agencies
                                                                                                                                                                                                          1. Retail and Consumer Goods
                                                                                                                                                                                                            1. Sports and Entertainment
                                                                                                                                                                                                              1. Transportation and Infrastructure
                                                                                                                                                                                                                1. Corporate and Institutional
                                                                                                                                                                                                              2. China
                                                                                                                                                                                                                1. By Type
                                                                                                                                                                                                                  1. Monochrome LED Billboards
                                                                                                                                                                                                                    1. Full-Color LED Billboards
                                                                                                                                                                                                                      1. Digital LED Billboards
                                                                                                                                                                                                                        1. Transparent LED Billboards
                                                                                                                                                                                                                        2. By Mounting Type
                                                                                                                                                                                                                          1. Mounted (Wall/Building Mounted)
                                                                                                                                                                                                                            1. Portable (Trailer or Stand-Alone)
                                                                                                                                                                                                                              1. Free-Standing (Pole Mounted)
                                                                                                                                                                                                                              2. By Pixel Pitch
                                                                                                                                                                                                                                1. P2 to P4 (High Resolution)
                                                                                                                                                                                                                                  1. P5 to P8 (Medium Resolution)
                                                                                                                                                                                                                                    1. P10 and Above (Low Resolution)
                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                      1. Outdoor Advertising
                                                                                                                                                                                                                                        1. Sports Arenas and Stadiums
                                                                                                                                                                                                                                          1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                                                                                                                                                                                            1. Public Infrastructure and Government Displays
                                                                                                                                                                                                                                              1. Retail and Hospitality Displays
                                                                                                                                                                                                                                              2. By End-User Industry
                                                                                                                                                                                                                                                1. Advertising and Media Agencies
                                                                                                                                                                                                                                                  1. Retail and Consumer Goods
                                                                                                                                                                                                                                                    1. Sports and Entertainment
                                                                                                                                                                                                                                                      1. Transportation and Infrastructure
                                                                                                                                                                                                                                                        1. Corporate and Institutional
                                                                                                                                                                                                                                                      2. Korea
                                                                                                                                                                                                                                                      3. Japan
                                                                                                                                                                                                                                                      4. India
                                                                                                                                                                                                                                                      5. Australia
                                                                                                                                                                                                                                                      6. Singapore
                                                                                                                                                                                                                                                      7. Taiwan
                                                                                                                                                                                                                                                      8. South East Asia
                                                                                                                                                                                                                                                      9. Rest of Asia-Pacific
                                                                                                                                                                                                                                                    2. Middle East and Africa
                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                        1. By Type
                                                                                                                                                                                                                                                          1. Monochrome LED Billboards
                                                                                                                                                                                                                                                            1. Full-Color LED Billboards
                                                                                                                                                                                                                                                              1. Digital LED Billboards
                                                                                                                                                                                                                                                                1. Transparent LED Billboards
                                                                                                                                                                                                                                                                2. By Mounting Type
                                                                                                                                                                                                                                                                  1. Mounted (Wall/Building Mounted)
                                                                                                                                                                                                                                                                    1. Portable (Trailer or Stand-Alone)
                                                                                                                                                                                                                                                                      1. Free-Standing (Pole Mounted)
                                                                                                                                                                                                                                                                      2. By Pixel Pitch
                                                                                                                                                                                                                                                                        1. P2 to P4 (High Resolution)
                                                                                                                                                                                                                                                                          1. P5 to P8 (Medium Resolution)
                                                                                                                                                                                                                                                                            1. P10 and Above (Low Resolution)
                                                                                                                                                                                                                                                                            2. By Application
                                                                                                                                                                                                                                                                              1. Outdoor Advertising
                                                                                                                                                                                                                                                                                1. Sports Arenas and Stadiums
                                                                                                                                                                                                                                                                                  1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                                                                                                                                                                                                                                    1. Public Infrastructure and Government Displays
                                                                                                                                                                                                                                                                                      1. Retail and Hospitality Displays
                                                                                                                                                                                                                                                                                      2. By End-User Industry
                                                                                                                                                                                                                                                                                        1. Advertising and Media Agencies
                                                                                                                                                                                                                                                                                          1. Retail and Consumer Goods
                                                                                                                                                                                                                                                                                            1. Sports and Entertainment
                                                                                                                                                                                                                                                                                              1. Transportation and Infrastructure
                                                                                                                                                                                                                                                                                                1. Corporate and Institutional
                                                                                                                                                                                                                                                                                              2. UAE
                                                                                                                                                                                                                                                                                                1. By Type
                                                                                                                                                                                                                                                                                                  1. Monochrome LED Billboards
                                                                                                                                                                                                                                                                                                    1. Full-Color LED Billboards
                                                                                                                                                                                                                                                                                                      1. Digital LED Billboards
                                                                                                                                                                                                                                                                                                        1. Transparent LED Billboards
                                                                                                                                                                                                                                                                                                        2. By Mounting Type
                                                                                                                                                                                                                                                                                                          1. Mounted (Wall/Building Mounted)
                                                                                                                                                                                                                                                                                                            1. Portable (Trailer or Stand-Alone)
                                                                                                                                                                                                                                                                                                              1. Free-Standing (Pole Mounted)
                                                                                                                                                                                                                                                                                                              2. By Pixel Pitch
                                                                                                                                                                                                                                                                                                                1. P2 to P4 (High Resolution)
                                                                                                                                                                                                                                                                                                                  1. P5 to P8 (Medium Resolution)
                                                                                                                                                                                                                                                                                                                    1. P10 and Above (Low Resolution)
                                                                                                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                                                                                                      1. Outdoor Advertising
                                                                                                                                                                                                                                                                                                                        1. Sports Arenas and Stadiums
                                                                                                                                                                                                                                                                                                                          1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                                                                                                                                                                                                                                                                            1. Public Infrastructure and Government Displays
                                                                                                                                                                                                                                                                                                                              1. Retail and Hospitality Displays
                                                                                                                                                                                                                                                                                                                              2. By End-User Industry
                                                                                                                                                                                                                                                                                                                                1. Advertising and Media Agencies
                                                                                                                                                                                                                                                                                                                                  1. Retail and Consumer Goods
                                                                                                                                                                                                                                                                                                                                    1. Sports and Entertainment
                                                                                                                                                                                                                                                                                                                                      1. Transportation and Infrastructure
                                                                                                                                                                                                                                                                                                                                        1. Corporate and Institutional
                                                                                                                                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                                                                                                        1. By Type
                                                                                                                                                                                                                                                                                                                                          1. Monochrome LED Billboards
                                                                                                                                                                                                                                                                                                                                            1. Full-Color LED Billboards
                                                                                                                                                                                                                                                                                                                                              1. Digital LED Billboards
                                                                                                                                                                                                                                                                                                                                                1. Transparent LED Billboards
                                                                                                                                                                                                                                                                                                                                                2. By Mounting Type
                                                                                                                                                                                                                                                                                                                                                  1. Mounted (Wall/Building Mounted)
                                                                                                                                                                                                                                                                                                                                                    1. Portable (Trailer or Stand-Alone)
                                                                                                                                                                                                                                                                                                                                                      1. Free-Standing (Pole Mounted)
                                                                                                                                                                                                                                                                                                                                                      2. By Pixel Pitch
                                                                                                                                                                                                                                                                                                                                                        1. P2 to P4 (High Resolution)
                                                                                                                                                                                                                                                                                                                                                          1. P5 to P8 (Medium Resolution)
                                                                                                                                                                                                                                                                                                                                                            1. P10 and Above (Low Resolution)
                                                                                                                                                                                                                                                                                                                                                            2. By Application
                                                                                                                                                                                                                                                                                                                                                              1. Outdoor Advertising
                                                                                                                                                                                                                                                                                                                                                                1. Sports Arenas and Stadiums
                                                                                                                                                                                                                                                                                                                                                                  1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                                                                                                                                                                                                                                                                                                                    1. Public Infrastructure and Government Displays
                                                                                                                                                                                                                                                                                                                                                                      1. Retail and Hospitality Displays
                                                                                                                                                                                                                                                                                                                                                                      2. By End-User Industry
                                                                                                                                                                                                                                                                                                                                                                        1. Advertising and Media Agencies
                                                                                                                                                                                                                                                                                                                                                                          1. Retail and Consumer Goods
                                                                                                                                                                                                                                                                                                                                                                            1. Sports and Entertainment
                                                                                                                                                                                                                                                                                                                                                                              1. Transportation and Infrastructure
                                                                                                                                                                                                                                                                                                                                                                                1. Corporate and Institutional
                                                                                                                                                                                                                                                                                                                                                                              2. Brazil
                                                                                                                                                                                                                                                                                                                                                                                1. By Type
                                                                                                                                                                                                                                                                                                                                                                                  1. Monochrome LED Billboards
                                                                                                                                                                                                                                                                                                                                                                                    1. Full-Color LED Billboards
                                                                                                                                                                                                                                                                                                                                                                                      1. Digital LED Billboards
                                                                                                                                                                                                                                                                                                                                                                                        1. Transparent LED Billboards
                                                                                                                                                                                                                                                                                                                                                                                        2. By Mounting Type
                                                                                                                                                                                                                                                                                                                                                                                          1. Mounted (Wall/Building Mounted)
                                                                                                                                                                                                                                                                                                                                                                                            1. Portable (Trailer or Stand-Alone)
                                                                                                                                                                                                                                                                                                                                                                                              1. Free-Standing (Pole Mounted)
                                                                                                                                                                                                                                                                                                                                                                                              2. By Pixel Pitch
                                                                                                                                                                                                                                                                                                                                                                                                1. P2 to P4 (High Resolution)
                                                                                                                                                                                                                                                                                                                                                                                                  1. P5 to P8 (Medium Resolution)
                                                                                                                                                                                                                                                                                                                                                                                                    1. P10 and Above (Low Resolution)
                                                                                                                                                                                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                                                                                                                                                                                      1. Outdoor Advertising
                                                                                                                                                                                                                                                                                                                                                                                                        1. Sports Arenas and Stadiums
                                                                                                                                                                                                                                                                                                                                                                                                          1. Transportation Hubs (Airports, Railways, Bus Terminals)
                                                                                                                                                                                                                                                                                                                                                                                                            1. Public Infrastructure and Government Displays
                                                                                                                                                                                                                                                                                                                                                                                                              1. Retail and Hospitality Displays
                                                                                                                                                                                                                                                                                                                                                                                                              2. By End-User Industry
                                                                                                                                                                                                                                                                                                                                                                                                                1. Advertising and Media Agencies
                                                                                                                                                                                                                                                                                                                                                                                                                  1. Retail and Consumer Goods
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Sports and Entertainment
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Transportation and Infrastructure
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Corporate and Institutional
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                                      5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                      6. Rest of LATAM
                                                                                                                                                                                                                                                                                                                                                                                                                  2. Competitive Landscape, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Introduction
                                                                                                                                                                                                                                                                                                                                                                                                                    2. LED Billboard Market Share Analysis, 2025 (%)
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Market Share Analysis, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Competition Ranking, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Key Developments & Growth Strategies
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Merger & Acquisition
                                                                                                                                                                                                                                                                                                                                                                                                                        2. Product Launch
                                                                                                                                                                                                                                                                                                                                                                                                                        3. Expansion
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                                                                                                                                                                                                                                                                  3. Company Profile
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Samsung Electronics Co., Ltd.
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Business Overview
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Financial Data
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Key Product domains
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Recent Developments
                                                                                                                                                                                                                                                                                                                                                                                                                    2. LG Electronics Inc.
                                                                                                                                                                                                                                                                                                                                                                                                                    3. Barco NV
                                                                                                                                                                                                                                                                                                                                                                                                                    4. Daktronics, Inc.
                                                                                                                                                                                                                                                                                                                                                                                                                    5. Unilumin Group Co., Ltd.
                                                                                                                                                                                                                                                                                                                                                                                                                    6. Leyard Optoelectronic Co., Ltd.
                                                                                                                                                                                                                                                                                                                                                                                                                    7. Absen Optoelectronics Co., Ltd.
                                                                                                                                                                                                                                                                                                                                                                                                                    8. Shenzhen AOTO Electronics Co., Ltd.
                                                                                                                                                                                                                                                                                                                                                                                                                    9. Lighthouse Technologies Limited
                                                                                                                                                                                                                                                                                                                                                                                                                    10. NEC Display Solutions, Ltd.