-- LED screens run on electricity and made using light-emitting diodes. They emit less heat and are thus less harmful to the environment. It can last for 50,000 hours. All these factors make indoor LED screens a great investment for businesses trying to advertise their product. Indoor LED screens have widespread applications in bars, restaurants, pubs, educational institutes, airports, train stations, etc. Since LED screens help reduce the global carbon footprint, it is a low-cost and energy-effective solution.
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The global indoor LED screen consumption industry is predicted to gain good returns over the forecast period. Indoor LED screens are thinner than outdoor LEDs and require no waterproofing cabinet. Digital out-of-home solutions which can bring in revenue for shopping malls and other such venues are primarily driving the market. These screens display information ranging from content to Ads.
Small-to-medium businesses will gain major shares of the industry. They can use these LEDs to offer digital signboard services. Houses and offices will gain a significant share of the industry in the coming years.
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Regions covered under the global indoor LED screen consumption industry are Japan, China, Europe, USA, and RoW (Rest of the World). China is one of the leading countries in the market. It has relied on MOCVD (metal organic chemical vapor disposition) to produce LED products. Fluctuating value of LED chips and packaging is causing a major barrier in European and USA markets. Europe is currently going through a financial crisis and will experience a sluggish growth.
Some of the major players of the indoor LED screen consumption industry are NanoLumens Inc., Shenzhen Liantronics Co.,Ltd., Unilumin Group Co. Ltd., and Daktronics. The industry is welcoming to new players as the setup requires very low capital and modestly-priced equipments.
Mergers & acquisitions and innovations are a major strategy adopted by companies. NanoLumens has partnered with PartnerTech Inc., a Canadian company to manufacture customized LEDs. Their partnership has led to LED installations at basketball stadiums and convention centers.
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