LED Video Walls Market - Live Concerts and Sporting Events Contribute Towards Better Sales

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.

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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.

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The demand for LED video walls is expected to grow as a result of rise in numerous marketing and promotional activities, according to the TMR report. Live concerts, sporting events, stage events, etc. are few of examples of the sectors where these walls could see high utilization.

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LED walls also are available in various customized sizes, resolutions and other features, which is further expected to cause rise in their demand. Another prominent driver for the LED video walls market involves the ability of walls to resist outdoor conditions and still give high definition visual outputs.

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