Key vendors are developing advanced technologies to increase their sales strategically
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global video wall market in their latest research report. This report also lists 8 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of video walls with different technology.
- Narrow bezel display: These help creating virtually continuous images when multiple displays are fit together and offer video walls of 46-55 inch, with a bezel width of 3.5 millimeters.
- Rear projection display: This offers seamless viewing experience, without large bezels between individual tiled screens that is part of the video wall.
This Technavio report, under media and entertainment services vertical, is based on the synthesis, analysis, and interpretation of information about the global video wall market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The rapid technological advances and presence of various established players have rendered the market highly competitive. Manufacturers are competing on the basis of features, technology, display size, and price. The players are focusing on the development and innovation of new technology to sustain the competition in the market. The companies are investing in the planning, designing, developing, acquiring new players, and expanding existing facilities to increase their consumer base. Creativity and advanced technologies will help vendors gain a competitive advantage over other players in the market. The manufacturers will have to stay up-to-date with the emerging technologies that could influence their service lines during the forecast period.
“The demand for better products for indoor advertising has led vendors to develop NPP LED display technology. Its display of less than three millimeters is perfect for advertisements in indoor commercial spaces. The thin bezel size provides perfect visual experience to the audience without overlapping of screens. The large display units increase the probability of attracting viewer’s attention compared to smaller display screens,” says Ujjwal Doshi, a lead analyst at Technavio for research on media and entertainment services.
Top five vendors in the video wall market space
Barco
The company provides visualization solutions for various professional markets like entertainment and corporate, defense and aerospace, healthcare, and government. It also designs and manufactures a wide range of projectors, LED displays, and image processing products that are used in events, concerts, retail stores, stadiums, museums, and movie theaters.
Some key products: 49VL5B, 55VH7B, 47LV35A-5B, 55LV35A-5B, etc.
LG Electronics
The company manufactures and markets electronic products like home air conditioners, mobile and computing devices, TVs, automobile parts, refrigerators, vacuum cleaners, and washing machines. The company also offers smartphones, feature phones, pocket photo printers, smart watches, and mobile accessories.
Some key products: 49VL5B, 55VH7B, 47LV35A-5B, 55LV35A-5B, etc.
NEC
NEC provides IT and network solutions to government agencies and business enterprises. The company focuses on innovations, and its R&D domain covers knowledge discovery, cloud computing, smart energy, information and media processing, green platforms, and innovations in computers and communications. Recently, the company was ranked among the World’s Top 100 most innovative organizations.
Some key products: X464UNV-2, X554UN-2, X554UNS, etc.
Planar Systems
The company develops, manufactures, and markets electronic display products and systems. It caters to the requirements of the retailers, educational institutions, government agencies, businesses, utility and energy firms. It offers products like desktop monitors; custom, commercial, and industrial displays; rear-projection cubes; touch monitors; high-end home displays; and electroluminescent (EL) displays.
Some key products: Clarity Matrix, Planar Mosaic, Planar RA Series, etc.
Samsung Electronics
The company manufactures consumer electronics, communication, home appliances, and semiconductor products. It provides a range of solutions for education, healthcare, hospitality, finance, government, and insurance sectors. Recently, the company expanded its portfolio of SHD TV with the launch of JS7000 SUHD TV and announced the signing of MoU with LG U+ for the network development over 5G technology.
Some key products: UDE-A Series, UDE-B Series, UDE-C Series, UDE-P Series, etc.
Other prominent vendors in this market include Acer, ADFLOW Networks, AU Optronics, Leyard Optoelectronic, Panasonic, Prysm, Sharp Corporation, and Sony.
A more detailed analysis is available in the Technavio report, Global Video Wall Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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