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Albany, New York, July 29, 2019 (GLOBE NEWSWIRE) -- The global LED video walls market is anticipated to witness a grand growth of 8.1% CAGR between 2017 to 2025, foretells an upcoming Transparency Market Research (TMR) report.
The global LED video walls market had registered a net value of US$1,967.2 mn in 2016 and it is anticipated to reach the valuation of US$3,882.9 mn by the end of 2025.
Video streaming has undergone a spectrum of changes over the years and is no more limited to entertainment or corporate sector alone. The LED video walls are highly demanded by schools and other education institutions for interactive learning session called ‘Edutainment, aiding in the growth of the global LED video walls market.
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Seamless User Experience Stimulates Global LED Video Walls Market
The LED video wall technology is catching up like a wild fire and setting up a new standard with seamless high quality image to grab the spotlight of the viewers. The impressive characteristics that set the video content apart and eye catching are pushing the growth of the global LED video wall market.
The LED video walls provide jaw dropping images and it is easily scalable to any shape and size. Additionally, the images can be easily and clearly viewed from any corner aid in the expansion of the global video walls market.
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Some of the advantages that video walls possess-
No Color Shifts: When the video is viewed from extreme angles, the ordinary videos tend to shift the color and the user does not get to view the right color. However, that is taken care of by the LED video walls; there is zero color shifts when a user views the video streaming from extreme angles. This aspect of the LED video wall is one among the various features that is expected to expand the growth possibilities in the global video walls market in the following years.
Easy Maintenance: The LED walls are light in weight and easy to maintain as compared to traditional projectors.
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Smooth Color Experience: In a conventional projector, viewing from distance makes the colors in the video look hazy. But, this is not the case with LED video which provides excellent color and image quality at any distance, promotes the growth in the global LED video walls.
Customization: Moreover, the LED video walls can be customized as per the user’s requirements. The customer can choose what they want in the product, not what the company sells. This shift in the customer approach is likely to nudge the expansion of the global LED video walls market.
These video walls are used across industries such as corporates, banks, aviation, sports, and healthcare. They can either own or rent the LED video walls. Thus, a seamless user experience across the globe with these video walls is likely to provide more growth avenues in the market.
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High installation costs may restrain the growth in the global LED video walls market during the forecast period. Nevertheless, increasing advancement in technology and innovation are expected provide boost to the growth in the market.
Asia Pacific to Dominate Global LED Video Walls Market
In terms of region, Asia Pacific is expected to hold a major share in the global LED video walls market during the forecast period. The growth can be due to Asia Pacific playing a host too many sport events and tournaments where there would be increased demand for LED score boards, LED mobile panels, etc.
The global LED video walls market is expected to witness a stiff competition from the market players due to ever increasing research and development. Such a development may leads to innovations being made in the market. Some of the key players that operated in the global LED video walls market are NEC Corporation, Panasonic Corporation, LG Display Co., Ltd, Leyard Optoelectronic Co., Ltd., Lighthouse Technologies, Ltd., and Toshiba Corporation.
This review is based on the findings of a TMR report titled, “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.”
The global LED video walls market is segmented into:
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