Research Outlines Huge Growth In LED Video Walls Market

Posted by Sakshi Mishra on January 16th, 2020

The competitive landscape of the global LED video walls market is quite consolidated due to the dominance of prominent companies that are investing substantially as compared to the local and less popular service providers, says TMR in a recently published report. According to the report, the competition between the key players is expected to be on the rise, mainly because of continuous innovation and development of the LED video walls around the globe. The key players in the global video walls market are: Panasonic Corporation, Toshiba Corporation, Lighthouse Technologies Ltd., Optoelectronics Co Ltd., Delphi Systems Inc., Daktronics Inc., and Electronic Displays, among several others.

According to the report published by TMR, the global LED video walls market is forecasted to expand at a healthy CAGR of 8.1% during the period from 2017 to 2025. While growing at this rate, the market is expected to reach a valuation of US82.9 mn by 2025 from a previous value of US67.2 mn in 2016.

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Rental Based Services Hold the Top Segment Spot

Rental based services of LED video walls has captured the top spot as a leading segment in the market. The is mainly due to the steep upfront cost required for setting up the LED video walls, which further leads to more consumers to rent out the walls. As per the TMR report, this segment accounted for about 53% of the total market share. Availability of custom-sized video walls along numerous standard layouts with regards to their designs is another reason for high demand of the wall rentals. However, the installation service segment is expected to show a good growth curve in the future for both European as well as the Asia-Pacific markets. This is mainly due to the growing demand of the walls for use in indoor as well as outdoor activities.

From a geographical perspective, Europe is the leading market for the global video walls market, especially due to large number of sporting events, live concerts and corporate exhibitions being held in the region. Even though Europe holds the top spot or the market, North America is anticipated to become a key region with a growing demand for the LED video walls market.