Malls and conferences rooms to drive demand
The Indian Indoor LED Display Market is projected to grow at a staggering CAGR of 19% during the forecast period 2020-25, according to a report by ResearchAndMarkets.
The increasing demand from various application areas such as shopping malls, and conference rooms for meetings, is anticipated to drive the market growth.
Key features in the “India Indoor LED Display Market”, released 18 May 2020 include high-quality picture images, and low operational costs are anticipated to propel the growth of Indoor LED display market.
The Indian Indoor LED Display Market is segmented based on pixel pitch, screen size, mode of sales, application, and regional distribution. Based on application, the market can be segmented into Shopping Mall, Control Room & Monitoring, Boardroom, Railway & Airport and Others.
The Shopping Mall segment accounted for the largest market share in 2019 due to the growing popularity and adoption of indoor LED displays in the shopping malls.
End-to-end solutions offered by the key indoor LED display players to their customers, from manufacturing to after sales services, is expected to further propel the market growth over the course of next five years.
Major players operating in the Indian Indoor LED Display Market include Delta Electronics Pvt Ltd, Christie Digital Systems (India) Private Limited, Barco Electronics Systems Private Limited, Leyard Hong Kong International Co. Ltd, AOTO Electronics, Samsung India Electronics Private Limited, LG Electronics India Limited, Panasonic India Pvt. Ltd, among others. fiinews.com
