Global Digital OOH Market to Reach US$41.3 Billion by 2030
The global market for Digital OOH estimated at US$24.9 Billion in the year 2024, is expected to reach US$41.3 Billion by 2030, growing at a CAGR of 8.8% over the analysis period 2024-2030. Billboard, one of the segments analyzed in the report, is expected to record a 9.7% CAGR and reach US$19.9 Billion by the end of the analysis period. Growth in the Transit segment is estimated at 8.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$7.8 Billion While China is Forecast to Grow at 12.1% CAGR
The Digital OOH market in the U.S. is estimated at US$7.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.6 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.1% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.
Global Digital OOH Market - Key Trends & Drivers Summarized
What Is Digital Out-of-Home Advertising and How Is It Revolutionizing Marketing?
Digital Out-of-Home (DOOH) advertising encompasses digital media displayed in environments accessible to the public for promotional purposes. Unlike traditional static billboards, DOOH utilizes dynamic digital screens to display video or animated content, capturing the viewer’s attention more effectively. This method leverages high-traffic areas such as transit points, malls, and highways, utilizing technologies such as LCD, LED, and projections to broadcast varying content that can be updated in real-time. The flexibility of changing ads to fit context-specific demands or audience demographics on the fly is one of DOOH`s standout features. Furthermore, advancements in connectivity and digital technology have enabled advertisers to integrate interactive elements, making ads more engaging. The capability to measure viewer engagement through immediate data analytics also stands out, providing advertisers with valuable insights into ad performance and audience behavior, which were traditionally difficult to obtain in the out-of-home advertising space.
How Is Technology Enhancing the Impact of DOOH Campaigns?
The infusion of advanced technologies such as augmented reality (AR), facial recognition, and vehicle recognition technologies into DOOH platforms has significantly enhanced their effectiveness and interaction capabilities. For instance, AR can be used to create immersive experiences that invite passersby to engage with the advertisement physically, potentially increasing the memorability of the ad. Facial recognition technology allows the display content to be tailored based on the age, gender, or even mood of the audience, thus personalizing the ad experience to increase its relevance and impact. Vehicle recognition can adjust content on digital billboards based on the type of vehicles that pass by, optimizing the ad’s exposure to target demographics based on vehicle type data. These technologies not only refine audience targeting but also elevate the interactive aspect of advertisements, making them more engaging and effective.
What Role Does Data Play in the Evolution of DOOH Advertising?
Data analytics is crucial in revolutionizing DOOH advertising by enabling more strategic planning and outcome measurement. Through the integration of data analytics, advertisers can track the performance of different ads in various locations and at different times, allowing for optimized ad placement and scheduling. This real-time data can be used to assess the effectiveness of specific ad content, leading to more data-driven decision-making and more tailored content strategies. Moreover, the integration of mobile location data with DOOH systems allows advertisers to understand the consumer journey better and measure how outdoor advertising drives in-store traffic or online activity. This convergence of mobile and outdoor advertising data opens new pathways for cross-platform campaigns that can seamlessly connect with consumers on multiple levels, enhancing the overall effectiveness of marketing strategies.
What Are the Growth Drivers in the Digital Out-of-Home Advertising Market?
The growth in the digital out-of-home advertising market is driven by several factors. The increasing urbanization and development of smart cities have expanded the infrastructure for DOOH, providing more venues for digital ads to be displayed and seen by larger audiences. Additionally, the evolution of programmatic advertising technology enables more efficient buying and selling of DOOH inventory, allowing for real-time bidding and more precise audience targeting. Consumer behavior also plays a significant role, as modern consumers tend to spend more time outdoors and in transit, where DOOH has a strong presence. There is a growing appetite for dynamic and contextually relevant advertisements, which DOOH can provide more effectively than traditional static out-of-home ads. Lastly, the need for more measurable advertising results drives interest towards DOOH due to its advanced analytics capabilities, making it a valuable tool for marketers looking to prove return on investment in their advertising efforts. These factors collectively contribute to the robust expansion of the DOOH market, reflecting its increasing relevance in the digital age.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!
APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook