Planar Named No. 1 Global Leader in Narrow Pixel Pitch LED Video Wall and Broader LED Markets
The company expands lead in narrow pixel pitch LED and LED video display markets, in addition to being ranked leader in Americas LCD control room applications and indoor LED
PORTLAND, Ore., Aug. 20, 2019 – Today, Planar, global leader in visualization products announced the company was named the No.1 market share leader in the $2.6 billion narrow pixel pitch LED video wall market, and the No. 1 market share leader in Americas LCD control room applications within the $4.7 billion LCD video wall market, according to the 2019 Video Wall Display Solutions Report by Futuresource Consulting.
The highly anticipated annual Video Wall Display Solutions Report by Futuresource Consulting was published in July 2019, covering the performance of narrow pixel pitch LED, narrow bezel LCD and rear-projection for calendar year 2018. As a result of recent industry innovation, the report defines narrow pixel pitch LED as a display with a pixel pitch of 2.5 millimeters or less, a decrease from 3 millimeters in previous years.
In 2018, the narrow pixel pitch LED market, pioneered by Planar, demonstrated a 33 percent growth on the previous year. The LCD video wall industry experienced an 18 percent year-over-year growth and both technologies experienced particular strength and increasing penetration in control rooms.
"Earning these market leading positions in LED and LCD video wall solutions is a true testament to our extensive portfolio of video wall products available today," said Zach Zhang, CEO of Planar International. "Being named the No. 1 global leader in narrow pixel pitch LED for three years in a row, and now Americas LCD control room applications, reinforces our commitment to introducing industry-leading display innovations that deliver the best visual performance, reliability and customer service, while setting a path for others to follow."
The report by Futuresource Consulting follows major LED video wall product announcements from the company, including the introduction of the new Planar® TVF Complete™, a family of LED video wall solutions optimized for Full HD and 4K resolutions and available in 109-inch, 137-inch, 164-inch and 219-inch diagonal sizes.
Planar also announced significant LCD video wall product developments, including additions to the next-generation Clarity® Matrix® G3 LCD Video Wall System. The 55-inch Clarity Matrix G3 LX55M and Clarity Matrix G3 MX55M LCD video wall displays feature industry-leading tiled bezel widths as small as 0.88 millimeters. The new 65-inch Clarity Matrix G3 MX65U-4K is the industry's largest, highest-resolution LCD video wall display, quadrupling the resolution of the long-standing industry standard 55-inch display and providing much greater pixel density and uninterrupted display area. The company also introduced four new offerings to the Planar® VM Series line of LCD video wall displays, featuring the industry's smallest bezels and a new 49-inch size to offer state-of-the-art tiled bezel performance.
In May, the company introduced the next-generation Planar® LookThru™ Transparent OLED Display following strong demand from customers. The new Planar LookThru display leverages the latest in transparent organic light-emitting diode (OLED) technology to provide a self-emitting transparent display for true see-through installations without the need for backlighting or enclosures.
"Last year's video wall market experienced a year-over-year rise of 14 percent, demonstrating remarkable growth and demand for both narrow pixel pitch LED and LCD solutions," said Graham Cooke, market analyst for pro IT displays team, Futuresource Consulting. "With Planar leading in the narrow pixel pitch LED and Americas LCD control room categories, we anticipate new display technologies to emerge and set the standard for today's ever-competitive market space."
Futuresource Consulting's 2019 Video Wall Display Solutions Report also announced control room, retail, public displays, corporate and broadcast as the top vertical markets for the video wall display market in 2018, representing five of the fourteen vertical markets in which Planar delivers award-winning video wall solutions to create best-in-class visual experiences, and continue to see increased adoption.
Planar were also named the No. 1 market share leader in the $5.7 billion LED video display market, according to the 2019 LED Display Market Report by Futuresource Consulting. In addition to maintaining their lead in the broader LED display market, the company grew their market share to 10.3 percent in 2018, up from 9.1 percent in 2017. Planar also secured the top position in the narrow pixel pitch LED and indoor LED categories.