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SHENZHEN, China, Dec. 19, 2022 /PRNewswire/ -- According to TrendForce research data, the COVID-19 outbreak has taken a toll on the LED video wall industry. Fortunately, the market started to recover in 2021.

In this context, the concentration of the industry increased even more. As TrendForce research data showed, the market shares of the world's top ten LED video wall manufacturers grew to 71% in 2021, and it was expected to improve continuously this year. With the expansion of Chinese domestic demand, nearly 40% of the global demand for LED video wall is focused on the Chinese market.

From the 2021 financial results of Chinese listed companies, it can be seen that the overall shipments of the top five LED video wall manufacturers amounted to more than 1,600,000 ㎡, among which Unilumin contributed 814,550 ㎡ .04 ㎡, which comprises more than 50% of the total shipments and ranks first among all companies listed on the LED video wall list. The company's sales volume from 2017 to 2021 showed that the sales of its products skyrocketed in 2021.

In the emerging fields of application for the LED video wall, Unilumin has significant influence, particularly in the virtual production market. By combining the LED video wall with XR technology, Unilumin has created a large number of international virtual studios.

In the autostereoscopic 3D display market, Unilumin's Metasight LED solution has created new milestones in cities, such as the 7,000㎡ LED display with innovative autostereoscopic 3D contents provided for the Riyadh season in Saudi Arabia.

In the sports display market, Unilumin has been recognized as one of the LED video wall providers for world-class events such as the Olympic Winter Games and the World Cup. For example, Unilumin offered two LED scoreboards to Lusail Stadium and installed a total of 3,600 ㎡ of LED video wall and integrated solution outside the stadium during the 2022 World Cup.

According to TrendForce research data, Unilumin's overseas revenue for the first half of 2022 amounted to RMB 1,759 million (51.87% YoY), the highest among listed LED video wall companies.

During the first nine months of 2022, Unilumin's revenue and net profit increased synchronously: revenue reached RMB 4,915 million (1.71% YoY) and net profit RMB 254 million (22.44% YoY).

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