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LED Video Walls Market Size, Share & Industry Analysis, By Type (Direct View LED Video Walls, Indoor LED Video Walls, and Blended Projection Video Walls System), By Location (Indoor, Outdoor), By Application (Retail, Airport/Railways, Control Rooms, Media & Advertising, Sports & Entertainment, Auditorium, Commercial Buildings, and Others), and Regional Forecast, 2019-2026
The global LED Video Wall Market size is projected to reach USD 36.16 Billion by 2026, from 15.91 Billion in 2018, at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. The global LED Video Walls Market is expected to gain momentum on account of numerous benefits offered by video walls, namely, ease of maintenance, high flexibility, and performance. According to a published report byFortune Business Insights, titled, “LED Video Walls MarketSize, Share and Industry Analysis, By Type (Direct View LED Video Walls, Indoor LED Video Walls, and Blended Projection Video Walls Systems), By Location (Indoor, Outdoor), By Application (Retail, Airport/Railways, Control Rooms, Media and Advertising, Sports and Entertainment, Auditorium, Commercial Buildings, and Others), and Regional Forecast, 2019-2026.
LED Video Wall Market Size Overview:
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Outdoor Sub-segment to Dominate Owing to Rising Number of Advertisements
In terms of location, the LED Video Walls Market is divided into indoor and outdoor. Out of these, the outdoor sub-segment will acquire the highest share during the forecast period. Rise in demand from numerous sectors, such as transportation and logistics, entertainment, and others is expected to boost growth in this segment. Additionally, the growing usage of businesses to attract more consumers through unique advertisements is anticipated to propel this segment, which will further propel the LED Video Walls Market. Times Square in New York is one of the best examples of the usage of outdoor LED video walls. They are present here for showcasing commercial as well as other important information. The indoor LED video walls, on the other hand, is used in commercial buildings, media, control room, and others. They offer higher picture and pixel quality due to lesser gap from the viewpoint.
NEC Corporation Unveils Wide Range of Video Walls Displays for Multi-Industry Usage
NEC Corporation, a multinational information technology and electronics company based in Japan, announced the launch of its wide range of video walls displays in January 2019. The products offer a remarkable viewer experience for a large number of applications and industries. The new range is developed for multi-industry purposes. The video walls displays are available in the market in 10 different models, making it hassle-free for the companies to choose the perfect model to meet their needs. The products provide powerful calibration capabilities and exceptional visual performance with the help of its SpectraView engine.
The engine allows users to create fine adjustments to the quality of the picture to receive homogenous colour reproduction and match individual demands. It is also very simple to install and the set-up process is cost-effective. According to NEC, from passenger or visitor information screens, to control screens, and to digital advertising, the products offer the perfect walls for every application.
To Gain More Insights into the Market with Detailed Table of Content and Figures,
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What Information does this report contain?
Primeview Launches Technologically Advanced Fusion MiniLED at NAB Show
In April 2019, Primeview, a designer, producer, and seller of cutting-edge visual display technology, headquartered in New York, has launched its Fusion MiniLED at the NAB Show in Las Vegas. Fusion MiniLED display provides brighter, cleaner, and crisper images as it is equipped with the highest refresh rate technology on the market. The display walls are dynamic and reliable, best suited for corporate settings, retail stores, and broadcast studios. The product has an innovative cable-free full front serviceability and also possesses a segmental light-weight (15 LB) design. It further uses common cathode LED technology that aids in decreasing power dissipation by 40% while enhancing performance for high contrast ratios, wide color ranges, and smooth greyscale. Such innovations are likely to bode well for the overall market.
COVID-19 pandemic influence on LED video walls market outlook
The coronavirus pandemic outbreak is projected to have a balanced impact on the outlook of market. The market is observing sluggish growth owing to the shortage in electronic components production and demand. However, the trend of work from home and online education is urging the growth of LED video walls for promotion and education of masses. Besides, various governments have been making use of these walls to broadcast crucial information regarding the testing centers and tips on being safe during the crisis.
Fortune Business Insights lists out some of the prominent players operating in the global LED Video Walls Market. They are as follows:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Fortune Business Insights™ Pvt. Ltd.
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit USD 36.16 Billion Industry, LED Video Walls Market Size, Share, Analysis Report [2021-2026]
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