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2019 Global LED Video Wall Market Outlook-Cinema, Rental Market and Price Trend

0 2019-01-14 09:23:26

According to the latest research report of LEDinside 「2019 Global LED Video Wall Market Outlook - Cinema, Rental Market and Price Trend」, as the demand for LED display in markets including rental market, HDR market application, retail and meeting room boosts, global LED display market scale in 2022 is expected to stand at USD 9.349 billion with a CAGR of 12% during 2018 to 2022. Thereinto, that of indoor fine pitch display in 2018 is expected to be up to USD 1.997 billion with a y-o-y growth of 39% and its CAGR during 2018 o 2022 will reach 28%, which is driven by the continuous development of ultra-fine pitch display in the future.

Base on the application of LED fine pitch display, it can fall into six categories: broadcasting (studio), security & control room, corporate & education (company meeting room, school and training institute classroom, etc), retail (high-end retail, shopping mall), public area & transport (airport, metro, public square), hospitality & entertainment & theater (cultural and recreational centers like hotel and theater). Retail and hospitality & entertainment & theater are expected to achieve obvious growth.

As fine pitch display technology gets increasingly matured, the pixel pitch of outdoor display also tends to become smaller and finer. Due to relatively low cardinality, market scale in 2022 is expected to be around USD 521 million and the CAGR during 2018 to 2022 will come to 35%.

HDR Display Market Includes Cinemas, Home Theaters, Bars and Theme Parks

There are three major development trends on the cinema market, including old equipment replacement tide, market and product differentiation positioning, and operation and fund effective management.

In terms of replacement market, laser light sources have advantages in brightness, product lifespan and color saturation. 30,000lm 4K RGB laser projector will become the key product of the five-year high-end projection market.

New cinema installation market emphasizes market segment and product differentiation positioning. Premium cinemas are defined to provide high quality images, immersive image display and immersive sound effects. In terms of image display, high-definition cinemas will be the market for projector manufacturers and LED display manufacturers to compete. Compared to the total price of 4K RGB laser projector with screen (USD 100,000), the price of LED display product is much higher, and the future trend is likely to shift towards P1.9 high precision display.

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