United States Outdoor Advertising Market 2023-2028 | Size, Share, Growth

By | July 22, 2024

According to TechSci Research report, “United States Outdoor Advertising Market– By Region, Competition, Forecast & Opportunities, 2018-2028F,” the United States outdoor advertising market is expected to grow during the forecast period due to the rising customer demand for innovative and interactive full-motion video displays, along with the addition of animation, which enhance the market growth.

The rise of digital technology has a significant impact on the United States outdoor advertising market. Digital displays, including digital billboards, interactive screens, and digital signage, offer more flexibility in terms of content delivery and targeting consumers. Advertisers can dynamically change their messaging, schedule different ads throughout the day, and even leverage real-time data to display relevant content to their audiences. This digital transformation has created new opportunities for innovative, interactivity, and measurement in the United States outdoor advertising market.

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The combination of mobile technology with outdoor advertising has become an emerging trend. By utilizing technologies such as Near Field Communication (NFC), QR codes, and beacon technology, advertisers can bridge the gap between physical and digital worlds. For example, a consumer passing by an out-of-home ad can interact with it using their smartphones, accessing additional content, promotions, or making purchases directly from their devices. This integration enhances the overall consumer experience and allows advertisers to track engagement and measure the impact of their campaigns more effectively. These elements boost the market revenue and growth of outdoor advertising.

One of the prime growth drivers of the United States outdoor advertising market is its ability to deliver high visibility and wide audience reach. Billboards strategically placed along highways and busy urban areas attract the attention of both motorists and pedestrians, establishing a significant brand recognition among consumers. Transit advertising, such as advertising on buses, trains, and taxis, allows advertisers to reach captive audiences during their daily commutes. Street furniture, including bus shelters, kiosks, and benches, offers targeted exposure to pedestrians in urban environments. The widespread presence of out-of-home advertising across cities, highways, and public areas ensures broad coverage and exposure for brands.

The traditional segment in the United States outdoor advertising market has seen a surge in transit advertising. Buses, trains, and subway systems have become popular platforms for advertisers to reach commuters and travelers. Transit advertising often includes both static and digital displays inside vehicles, as well as advertisements placed on the exteriors of buses and trains. This form of advertising ensures a captive audience and enables advertisers to engage with consumers during their daily commutes.

The growing popularity of social media advertising is a significant element hindering the growth of the outdoor advertising industry. With the increasing popularity of smartphones and internet penetration, consumers are now spending more time on their phones rather than going outside. This aspect is further supported by an increase in customer preference toward online purchasing and the growing popularity of e-commerce websites, both of which have resulted in a significant restrain in the United States outdoor advertising market.

The United States outdoor advertising market is segmented based on type, end user, region, and competitive landscape.

Based on type, the market is fragmented into traditional advertising and digital advertising. Among these segments , the digital outdoor advertising industry is holding a significant share of the market. Due to development into new venues and markets, innovation and better features in outdoor advertising accelerate market growth. Furthermore, the rising demand for creative and interactive full-motion video displays, as well as the growing use of animation, is likely to drive the growth of the market during the forecast period.

Based on end user, the market is segmented into automotive, BFSI, healthcare, retail, media & entertainment, and others.

Key market players in the United States outdoor advertising market include:

  • Vector Media, LLC
  • OUTFRONT Media Inc.
  • Inspiria Outdoor Advertising LLC
  • AllOver Media, LLC
  • Clear Channel Outdoor, LLC
  • JCDecaux North America, Inc.
  • Adams Outdoor Advertising Inc.
  • Roagan Outdoor Advertising Inc.
  • Daktronics, Inc. Drury Display Inc.

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“With various physical formats that are posted in significant location to reach consumers outside of their homes, such as billboards, transit displays, and digital screens, the market effectively captures the attention of a wide audience. The variety and flexible nature of out-of-home advertising, coupled with technological advancements and data-driven insights, enable advertisers to create engaging and targeted campaigns. As people continue to be on the move, outdoor advertising remains a most significant medium for brands to connect with their target audience and create a long-term impact. Such factors are fueling the growth of the United States outdoor advertising market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

United States Outdoor Advertising Market, By Type (Traditional Advertising, Digital Advertising), By End User (Automotive, BFSI, Healthcare, Retail, Media & Entertainment, and Others), By Region, Competition, Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of the United States outdoor advertising market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the United States outdoor advertising market.

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