LED Video Walls Market
LED Video Walls Market (Deployment Type - Indoor and Outdoor; Service Type - Installation, Repairing/Maintenance and Rental) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Press Release :
Global Video Walls Market: Snapshot
LED video walls, which find application in advertisement displays, providing travel updates in airports, in indoor exhibitions or presentations, control rooms, etc., are seeing their demand soar due to the increase in marketing and promotional activities, live concerts, and sporting events. Another factor serving to boost the demand is the availability of a variety of LED video walls having various customized sizes and resolutions and technologies catering to different applications requiring sharp visual and lasting viewing experience. Besides, LED video walls are designed to withstand difficult outdoor conditions and provide high definition visuals – yet another benefit that has catalyzed their market growth.
Acting as a roadblock to the global LED video walls market, on the other hand, is the high initial cost of investment. However, with the growing technological advancements on account of keen players funneling large amounts of money into research and development, low cost energy efficient LED video walls may soon hit the market and thus open up new avenues for growth.
A report by Transparency Market Research forecasts the global LED video walls market to expand at a healthy 8.1% CAGR during the period between 2017 and 2025 to reach a value of US$3,882.9 mn by 2025 from US$1,967.2 mn in 2016.
Steep Cost of Installing LED Video Walls Spurs Demand for Rentals
The global LED video walls market can be segmented into three parts depending upon the type of service – installation, repairing and maintenance, and rental. Among them, the rental based service accounted for about a substantial 53% share in the market in 2016. Steep upfront cost involved in installing LED video walls is one major reason for consumers looking to rent those.
Another important reason for the popularity of the rentals segment is the availability of customized or standard configurations video walls in various shapes and sizes which are required for many business events to display animation, presentations, full-motion video, still photos, and graphics at resolutions up to 1080p and 4K. The LED video walls are powerful devices to articulate value proposition and entertain audiences.
In the near future, however, the installation service segment is expected to expand at an impressive CAGR in both the European and Asia Pacific markets owing to their demand for indoor and outdoor promotional activities and rise in sporting events, brand promotions, and advertisements.
Sporting Events and Live Concerts Propel Europe Market to the Top
From a geographical standpoint, Europe is a leading market and it held a dominant share of about 32.0% in 2016. The uptake of LED video walls in Europe has been mainly brought about by the increasing number of sporting events, live concerts, and corporate exhibitions.
North America is expected to emerge as a key player in order to satisfy the growing demand for LED video walls. Asia Pacific, however, is predicted to clock maximum growth on account of the region playing host to various international sporting events as well as regional tournaments that will drive up demand for LED video walls such as perimeter LED boards, LED score boards and LED mobile panels.
In the Middle East and Africa, the Gulf countries contributed almost half of the revenue in 2016 and is predicted to hold on to that share in the near future as well
Some of the key players in the global LED video walls market are LG Display Co., Ltd., Panasonic Corporation, Barco NV, Daktronics Inc., Leyard Optoelectronic Co., Ltd., NEC Corporation, Delphi Display Systems, Inc., Shenzhen Dicolor Optoelectronics Co Ltd., Shenzhen Unilumin Group Co. Ltd., Toshiba Corporation, Lighthouse Technologies, Ltd., and Electronic Displays, Inc.
Global LED Video Walls Market: Overview
LED video walls are special multi-screen setup that consists of multiple LED video screen tiled together contiguously in order to form one large screen. The video walls offer various features such as high brightness, reliability and capability of producing stunning visuals. At present, LED video walls are one of the most impressive and eye catching modern marketing tools. These LED walls are used in indoor and outdoor applications. Indoor video walls are used in presentation/exhibitions, museum, and indoor advertisement displays, whereas the outdoor video walls are widely used in shopping malls, stadium, live shows, and railway stations for advertising purpose, and many other places. LED video walls are preferred over other display medium such as LCD Video walls, projectors and others, as it offers multiple advantages Due to its high degree of sharpness, clarity and resolution resulting viewable in direct sunlight without compromising quality. The growing adoption of display systems for promotional activities at airports/stations and increasing demand of energy efficient displays are the major forces that drives the global LED video wall market.
Global LED Video Walls Market: Segmentation
The LED video walls market report provides an in-depth analysis of the global LED video walls market for the period 2017 – 2025, wherein 2016 is the base year and the years from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. It also provides a comprehensive analysis of LED video walls market based on its deployment type and service offered type. Based on the deployment type, the market is segmented into indoor and outdoor LED video walls. Among the various services it offers, the LED video walls market has been segmented into installation, repairing/maintenance and rental services. The report includes a comprehensive coverage of the underlying economic development factors under the key trend analysis section.
Global LED Video Walls Market: Trends, Drivers and Restraints
This research study on the global LED video walls market provides a detailed analysis of how stadiums/arenas, live concerts, trade fare exhibitions, control rooms among others in different regions use LED video walls to enhance visual experience and advertise. The report also covers that how outdoor and indoor video walls is going to contribute to the growth of the LED video walls market. The report precisely covers all the major trends and technologies playing a major role in the LED video walls market growth over the forecast period 2017-2025.
It also highlights the drivers, restraints and opportunities expected to influence the LED video wall market growth during the forecast period of 2017-2025. The study provides the holistic perspective on the LED video walls market growth, throughout the above forecast period in terms of revenue (in US$ Million) across every region. The report also covers profiles of major players, their growth strategies, and the various recent developments.
The objective of this study is to understand the factors aiding the growth of LED video walls market globally. The report further aims to identify various factors that are expected to support the expansion of LED video walls market. The report also provides value chain analysis and Porter’s five forces analysis for the LED video walls market. Market attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the global LED video walls market.
Global LED Video Walls Market: Competitive Landscape
Major business strategies adopted by key players, SWOT analysis and product offerings have also been identified in the research report. The prominent service providers engaged in LED video walls market include LG Display Co. Ltd., Barco NV, Daktronics, Inc., Leyard Optoelectronic Co., Ltd., NEC Corporation, Delphi Display Systems, Inc., Panasonic Corporation, Shenzhen Dicolor Optoelectronics Co Ltd., Shenzhen Unilumin Group Co. Ltd., Toshiba Corporation, Lighthouse Technologies, Ltd. and Electronic Displays, Inc.
The LED video walls market is segmented as below:
By Deployment Type
By Service type
By Geography type