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LED Video Wall Market Attracts Promising Sales Prospects

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Wilmington, Delaware, USA, June 20, 2022 (GLOBE NEWSWIRE) — A study by Transparency Market Research (TMR) forecasts the global LED video wall market to register growth at a CAGR of 11.3% over the next forecast period, 2022-2031.

On the basis of service type, the demand for installation type LED video wall is increasing in recent years owing to the increase in usage of LED video walls in different applications including sports, education, hospitality and catering. This type of service is gaining traction as it facilitates brand communication, helps meet the demands of private and corporate event clients, and uses approximately 30% less energy in sports bars using LED technology to direct lighting. This, in turn, creates profitable prospects in the LED video wall market, notes a study by TMR.

The demand for installation types of LED video walls is increasing due to the increasing use of digital advertising strategies by businesses from different e-commerce companies including Adidas, Nike, Zara, H&M, MAC Cosmetics and NYX Cosmetics in order to increase their sales. . Owing to these factors, the LED video wall market size is expected to expand at a promising rate and reach a value of US$53.4 billion by 2031.

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LED Video Wall Market: Key Findings

  • Outdoor LED display video wall manufacturers all over the world are gaining significant sales prospects due to the various features of these products including high brightness, sturdy designs, energy-saving and water-resistant nature. , and finer pixel pitches for outdoors. Thus, increasing adoption of outdoor LED displays translates into profitable prospects for outdoor LED display video wall manufacturers.
  • LED video walls are growing in popularity due to their ability to deliver high definition visuals and withstand harsh outdoor conditions. Moreover, the product is gaining more and more adoption as it is available in various resolutions, sizes and technologies, which can meet different applications requiring long-lasting viewing experience and crisp visual. Therefore, the increase in demand for these products creates huge business opportunities for LED video wall manufacturers and suppliers.

LED Video Wall Market: Growth Boosters

  • The demand for LED video walls is increasing due to their use in different sporting events such as Olympics, Football World Cup, Cricket World Cup and UEFA Champions League.
  • Growing adoption of digital advertising by various e-commerce companies is driving sales growth in LED video wall market
  • Growing attention of manufacturers on developing environment-friendly products is expected to play a key role in the future growth of the market

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LED video wall market: Regional analysis

  • North America is estimated to maintain its leading position in the LED video wall market during the forecast period owing to factors such as increasing demand for LED video walls and indoor and outdoor types In the region.
  • The market is expected to gain significant sales opportunities in Europe and Asia-Pacific regions owing to the increase in usage of these products in the education, sports, and retail sectors of these regions.

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LED Video Wall Market: Key Players

Some of the key players profiled in the report are:

  • Daktronics, Inc.
  • Barco AG
  • Electronic Displays, Inc.
  • Delphi Display Systems, Inc.
  • LG Display Co.Ltd.
  • Leyard Optoelectronic Co. Ltd.
  • Panasonic Company
  • Lighthouse Technologies, Ltd.
  • Shenzhen Unilumin Group Co.Ltd
  • Shenzhen Dicolor Optoelectronics Co Ltd.
  • ViewSonic Corporation
  • Toshiba Company
  • Mitsubishi Electric Corporation

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Segmentation of the LED video wall market

Deployment Type

kind of service

  • Facility
  • Repair/Maintenance
  • Rent

End-use industry

  • Media and entertainment
  • Sports
  • Education
  • Detail
  • BFSI
  • Hotel and catering
  • Building construction
  • Others (Automotive, Transport, etc.)

Regions covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

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