PORTLAND, Ore.--(BUSINESS WIRE)--Leyard Group, a global leader in visualization products, for the first time earned the #1 market share position by value in the $3.5 billion dollar LED video display business, according to analysis by Futuresource Consulting corresponding to their recent Global LED Display Market Report. Considering the performance across all the brands and affiliated companies that rely on Leyard Group, the organization achieved 14 percent market share, according to Chris Mcintyre-Brown, associate director, of Futuresource Consulting.
In 2016 Leyard Group was the market share leader in the LED display market overall, following years of leadership and category dominance in narrow pixel pitch (NPP) or fine pitch LED, a category that company pioneered. In 2016, that leadership expanded and Leyard Group was the market leader in the larger LED video display market. In 2014, it was estimated that Leyard Group would have been in the #4 position with a market share of 5 percent and by 2015, the group had risen to #2 with a market share of 11 percent. Leyard is the fastest growing brand in the category, increasing over 30 percent in 2016.
“We are extremely proud to be leading the growing LED video display industry,” said Zach Zhang, Chairman at Leyard International. “Our global organization has been working diligently to drive innovation in the category, to bring direct view LED to more applications and to broaden our ability to support customers all over the world. We look forward to celebrating future successes in 2017 and beyond as Leyard continues to build LED solutions designed for a growing number of display applications.”
This announcement follows major LED product announcements from the company and notable industry accolades, including the launch of the next-generation Leyard® DirectLight® LED Video Wall System, a family of seamless, ultra-fine pitch LED video wall displays that allow for ultra-slim, front service installations in indoor environments and Leyard® TWS Series, new family of lightweight and versatile fine pitch LED video wall displays.
The new Leyard DirectLight LED Video Wall System was recently honored with the Best of Show award at Integrated Systems Europe (ISE) 2017 from Installation Magazine, as one of the most ground breaking LED displays at the international event.
Leyard Optoelectronic Co., Ltd. is a global leader in the design, production, distribution and service of digital displays, video walls and visualization products worldwide. Leyard is the market leader in fine pitch LED and offers indoor, outdoor, fixed and creative displays, as well as other ancillary and lighting solutions for the urban environment. Used in various applications, such as broadcast, sports arenas, stadiums, advertisement networks, retail digital signage, control rooms, exhibitions, large scale events and digital cultural experiences, Leyard enjoys marquee installations globally. Leyard was founded in 1995 and is traded on the Shenzhen Stock Exchange (stock code: 300296). Planar Systems was acquired by Leyard in 2015. For more information, visit www.leyard.com.