Driven by the COVID-19 pandemic, global LED video wall revenues in 2020 were $ 5.53 billion, down 12.8% from 2019. The drop in sales was most noticeable in the US and European countries. This year, with overall market demand recovering and some component shortages prompting manufacturers to raise prices, LED video wall revenues are expected to reach US $ 6.27 billion. This is 13.5% more than in the previous year. Such data is provided by the analytical company TrendForce.
The ongoing vaccinations, analysts say, have gradually eased restrictions and reopened major commercial and sporting events. At the same time, demand in the Chinese market recovered first.
If we talk about the ranking of suppliers of LED video walls in 2020, Leyard took the leading position with a market share of 11.3%. The second place is taken by Unilumin with a market share of 10.8%, the third place with approximately the same share is the Qiangli Jucai company, which operates mainly in the domestic market of China.
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