The report titled “Quantifying & Analyzing the Key Trends in the Global Landscape 2016,” defines Leyard’s market share as a total of 28 percent of the total NPP LED market value. This is almost three times as much as that of its nearest competitor, the study says.
“We are proud to be the industry leader in this rapidly growing market,” - said Jennifer Davis, chief marketing officer for Leyard. “As a pioneer in the space, we have driven NPP LED displays from a disruptive technology to the industry’s fastest growing video wall segment globally, and with new award-winning innovations, we are continuing to advance our frontrunner position.”
Leyard has a broad range of fine-pitch LED video products, including the TVH Series with the 1.6, 1.9, and 2.5mm pixel pitches for a variety of indoor applications. The company has recently introduced the TWA Series, which is offered in 1.2, 1.8, and 2.5mm pixel layout. The company’s portfolio also includes the DirectLight LED Video Wall System from Planar, which is a series of front-serviceable LED displays for mission-critical applications. The CarbonLight family, recently launched by the company, features a range of ultra-light LED products for rental, staging, and fixed-flexible installations.
“NPP LED had a fantastic year, growing at an annual growth rate over 300 percent and topping $678 million in sales in 2015,” - said Chris McIntyre-Brown, associate director of displays and broadcast equipment at Futuresource Consulting. “NPP LED is quickly ascending to become a serious competitor to incumbent tiled display technology.”
NPP LED displays, as a category, experienced the fastest growth industry-wide among all video wall technologies in 2015, according to the Futuresource Consulting report, tripling in both unit volume and sales value over 2014. That rapid growth is expected to continue with a 34 percent compounded annual growth rate from 2015 to 2020 and a projected market of $2.2 billion by 2020. Futuresource Consulting defines narrow pixel pitch LED video walls as direct view LED video walls with a pixel pitch of 3 millimeters or less.