Need for Integrated Data and Rising Demand for Technical Development is Boosting the LED Video Walls Market
Chicago, IL -- (SBWIRE) -- 07/25/2017 -- According to the report, "LED Video Walls Market, by Type (Indoor, Outdoor), Service Type (Installation, Repairing/Maintenance, Rental) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the market for LED video walls is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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LED video walls is a compilation of multiple LED screens connected in such a way that they form a large LED screen. These video walls are a visual delight as they offer stunning visuals with high brightness and reliability. LED video walls are the most attractive marketing tools created until now. They are used in indoor setups such as presentation, museums, etc., as well as in outdoor setups like shopping malls, railway stations, stadiums, and so on. Due to its highly sharp visuals, clarity, and viewability in direct sunlight, LED video walls are more favorable than the other options like LCD video walls.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The increasing demand of promotional activities by the companies is a major factor promoting the growth of LED video walls market. There is a rise in demand for energy efficient display screens that offer improved visual experience. LED video walls offers several benefits in addition to a quality video, hence, promoting the growth of the market.
2. Moreover, LED video walls can be used in both indoor and outdoor settings, which is boosting the growth of video walls market. Another major market driver is that the video walls are available in various shapes and sizes which can be used for various business events to showcase animation, presentations, full motion videos, graphics, and so on.
3. However, maintenance cost and errors during set up can hamper the growth of the market. Also, due to high set up costs involved, customers prefer to rent the video walls.
The LED video walls market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Europe region holds the highest market share and is the largest revenue contributor for the LED video walls market. The region holds dominance because there is an increase in number of sporting events, live concerts and corporate exhibitions. The North America region is another major revenue contributor followed by Asia Pacific region. APAC region is expected to grow in the LED video walls market as the region hosts several international sports events as well as regional tournaments.
KEY MARKET PLAYERS
Key players in the LED video walls market include:
1. Barco NV
2. Daktronics, Inc.
3. LG Display Co. Ltd.
4. Leyard Optoelectronic Co. Ltd.
5. Delphi Display Systems, Inc.
6. Panasonic Corporation
7. Shenzhen Dicolor Optoelectronics Co Ltd.
8. Shenzhen Unilumin Group Co. Ltd
9. Toshiba Corporation
10. Lighthouse Technologies, Ltd.
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