LED video walls is a giant screen which comprises of multiple LED monitor screens, projectors and LED television screens assembled together. The global LED video walls market is expected to rise at a CAGR of 8% during the forecast period 2016-2023. It has several advantages such as enhanced brightness, high picture resolution, large display screen, flexible to use etc. LED video walls are widely used in auditoriums, live concerts, stadiums , billboards etc.
Europe is the leading market segment and had accounted for global market revenue share of 32% in 2016. The key factor driving the market growth is the increased adoption of LED video walls technology in the European countries such as Belgium, Italy, Germany etc. Moreover, the increasing number of live concerts, sporting events and corporate exhibitions has led to rising demand for LED video walls in Europe. However, Asia pacific is the fastest growing market region due to the large number of international and regional sports tournaments being organised which would hike up the demand for LED score boards and LED mobile panels. North America is emerging as a key market region due to the presence of leading electronics industries in United States meeting the increasing demand for LED video walls.
The global LED video walls market is influenced by the presence of leading companies such as Philips, Sony Corporation, Samsung electronics, LG display, NEC Corporation etc. Product launch, joint ventures, mergers and acquisition are some of the crucial strategies adopted by the key market players to gain competitive advantage.
Global LED video walls market report covers segmentation analysis of deployment type, services type, product type and applications. Report further covers segments of deployment type which includes Indoor and Outdoor deployment. The outdoor deployment is the leading segment owing to the massive demand for sophisticated applications such as video walls, advertising boards, scoreboards, stadium screens and perimeter boards. Report further covers segments of services type which includes Installation, Repairing/Maintenance and Rental. The rental service had accounted for highest market revenue share of 53% in 2016 due to the steep upfront cost spent in installing LED video walls. Whereas the applications of LED video walls include Retail, Education, Auditorium, Media and entertainment, Hospitals etc.