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Concert rental LED display market and price forecast

Table of contents

A. Concert market size
B. The role and cases of LED display screen in concerts
C. Forecast of concert rental LED display screens in 2024
D, our rental LED products – Hima
E. Conclusion

Concerts are an important event in the music industry, and LED displays play an increasingly critical role in concerts. These large screens not only provide a better visual experience for the audience, but also provide more creative expression space for the performance team. This article will analyze the size of the concert market, the role of LED displays in concerts and actual cases, as well as the price and market forecast of concert LED displays in 2024.

A. Concert market size

The global concert market is a huge market and has maintained rapid growth in recent years. According to Pollstar data, global concert ticket revenue will reach US$11.7 billion in 2023, a year-on-year increase of 5%.

The future development trends of the global concert market include:

Concert formats will become more diverse, such as VR concerts, AR concerts, etc.
The concert will pay more attention to interactivity, such as fan interaction sessions, AR special effects, etc.
The concert will pay more attention to technology, such as the application of artificial intelligence, 5G and other technologies in the concert

Here are some data on the size of the global concert market:

Global concert ticket revenue reaches US$11.7 billion in 2023
The number of global concerts is expected to reach 1 million in 2023
Global concert attendance is expected to reach 250 million in 2023
The global concert market is a dynamic market with huge potential for future development.

Here are some regional data on the size of the global concert market:

North America: North American concert ticket revenue will reach US$5.4 billion in 2023, accounting for 46% of global total revenue.
Europe: European concert ticket revenue will reach US$3.6 billion in 2023, accounting for 31% of global revenue.
Asia-Pacific: Concert ticket revenue in the Asia-Pacific region will reach US$2 billion in 2023, accounting for 17% of the global total.
Other regions: Concert ticket revenue in other regions will reach US$700 million in 2023, accounting for 6% of total global revenue.

B. The role and cases of LED display screen in concerts

Improved audience experience

LED displays greatly enhance the audience’s visual experience through high definition, high contrast and bright colors. The audience can clearly see the artist’s performance no matter where they are, whether it is in the front row of the stage or in the auditorium in the distance.

creative performance

The LED display screen provides the performance team with more space for creative expression. By switching between different images, videos and lighting effects, the performance team can create a more stunning stage effect and make the entire performance more eye-catching.

Enhanced interactivity

Some concerts use LED displays to enhance interaction with the audience. For example, artists can display messages or photos sent by viewers on the screen to interact with the audience in real time and get closer to fans.

actual case

1. Taylor Swift Tour 2023

The stage uses a giant LED curtain wall, built by Unilumin, with a total area of more than 1,000 square meters.
The curtain wall consists of more than 10,000 LED displays with a resolution of up to 8K.
The curtain wall can display a variety of images, including live performances, animations and special effects.
The curtain wall is very bright and can be clearly seen even outdoors.

2. BTS World Tour 2022

The stage uses a 360-degree circular LED screen, built by Leyard, with a total area of more than 2,000 square meters.
The screen is composed of more than 25,000 LED displays with a resolution of up to 4K.
The screen can display a variety of images, including live performances, fan interactions and AR special effects.
The wrap-around design of the screen allows the audience to experience the concert atmosphere immersively.

3. 2021 The Weeknd Super Bowl Halftime Show

The stage uses a giant LED marquee, built by Barco, with a total area of more than 7,000 square meters.
The sky screen is composed of more than 150,000 LED displays with a resolution of up to 8K.
The cyclorama can display a variety of images, including live performances, lighting effects and 3D special effects.
The large size and high resolution of the cyclorama provide the audience with a stunning visual experience.
These three cases all demonstrate the application of LED displays in concerts. LED display screens can bring more brilliant visual effects to the concert stage and enhance the audience’s viewing experience.

C. Forecast of concert rental LED display screens in 2024

price prediction

With the advancement of technology and the expansion of the market, it is expected that the price of concert LED displays will show a steady but declining trend by 2024. This is mainly due to large-scale production, reduction of technology costs and intensified market competition. At the same time, market demand will continue to grow, especially in large-scale concerts and international tours, where high-quality, high-resolution LED displays will become more popular. In addition, intelligence, interactivity, environmental protection and energy saving will also become important development directions of LED displays in the future.

Concert LED display price list:

P6 220-370 USD per square meter
P4 370-600 USD per square meter
P2.5 600-900 USD per square meter
P2 900-1200 USD per square meter
P1.2 1200-1800 USD per square meter
P0.8 1800-3000 USD per square meter

Please note that these prices are for reference only and actual prices may vary depending on factors such as brand, model, size and configuration. Additionally, there are installation, maintenance, and other related costs to consider.

D, our rental LED products – Hima

E Conclusion

The continuous development of the concert market and the advancement of LED display technology have formed a good combination between the two. As time goes by, we can expect to see the application of more advanced technologies to bring more shocking performance experiences to the audience. At the same time, the price of LED displays is expected to become more affordable, making its use in concerts more popular. In 2024, the concert scene will continue to be the intersection of technological innovation and artistic expression.

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