The global LED video walls market is experiencing robust growth, driven by rising demand from the media and advertising industries. LED video walls, composed of multiple displays working cohesively to deliver captivating content, are finding applications in TV studios, control rooms, shopping malls, airports, sports stadiums, and entertainment venues. These dynamic displays are not only visually stunning but also offer exceptional durability and efficiency due to their use of LED technology.
LED technologys ability to generate sharp, bright images and deliver superior refresh rates has made it the preferred choice for video walls. Unlike traditional backlit displays, LEDs produce their own brilliantly illuminated images while remaining cool and durable. This longevity has made LED video walls highly efficient and cost-effective for various industries.
The global LED video walls market has rebounded from the challenges posed by the COVID-19 pandemic. In 2021, the market witnessed a substantial 22.5 percent increase in revenue, following a 3.1 percent decrease in global media and advertising industry revenue in 2020.
One significant driver of the LED video walls market is the growing tourism industry, which utilizes these displays in transportation hubs to keep travelers informed and engaged. For instance, a Philips video wall was installed in the cruise liner terminal in Zeebrugge, Belgium, serving as an essential tool for communicating departure schedules and vital information to passengers.
The transportation sector is not the only one benefiting from LED video walls. Interactive commercials displayed on these walls have contributed significantly to the growth of transportation media revenues. Airports like Orlando International Airport have leveraged the power of LED video walls, enhancing passenger experience with visually appealing content and real-time flight updates.
Innovations in LED technology are further propelling the market forward. Companies like Planar have introduced the Planar DirectLight Ultra Series, a fine-pitch LED video wall display offering unrivaled visual performance and high-resolution display experiences. Even retail giants like Apple have embraced the technology to attract more customers.
Increasing Demand for LED Video Walls in Outdoor Activities to Drive Market Growth
The outdoor segment of the LED video walls market is witnessing significant growth, driven by demand from industries such as education, BFSI, sports, and retail. Outdoor LED video walls are not only enhancing the aesthetics of vehicles in the automobile industry but are also finding applications in education, serving as message boards, campus directories, and information displays.
These outdoor displays are designed to withstand harsh weather conditions, offering energy savings, high brightness, and water resistance. This versatility has made them indispensable in various sectors, contributing to the markets expansion.
Increased Market Innovation in North America to Drive Growth of LED Video Walls Market
North America is expected to experience substantial growth in the LED video walls market as organizations increasingly adopt video walls for engaging consumers in innovative ways. Museums, retail establishments, stadiums, and public transportation hubs are just a few examples of locations where LED video walls are making a significant impact.
Multinational corporations are expanding their presence in the region, capitalizing on the markets immense potential. LG Business Solutions USA, for instance, introduced LCD video wall panels with ultra-thin bezels, offering seamless video wall installations and advanced calibration tools, reducing maintenance and installation time.
Global LED Video Walls Market: Competitive Landscape
Leading players in the LED video walls market include Toshiba Corporation, Electronic Displays, Inc., Samsung Electronics, ViewSonic, Panasonic Corporation, Leyard Optoelectronic Co., Ltd., Shenzhen Unilumin Group Co. Ltd., Planar Systems, NEC Corporation, LG Electronics, Daktronics Inc., Barco NV, Delphi Display Systems, Inc., Shenzhen Dicolor Optoelectronics Co Ltd., and Lighthouse Technologies, Ltd.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/led-video-walls-market
Our Blogs:
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of
services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: sales@fairfieldmarketresearch.com
This press release first seen on Brilad
COMTEX_442041128/2840/2023-10-17T19:50:23