VIC technology is a big, multi-display visualization board. Control rooms, conference rooms, digital signage, and other challenging environments are common application areas for the technology. VIC technology has had a significant impact on the way information is transmitted in a wide range of event environments since its introduction decades ago. Such displays are far more durable than consumer-grade televisions that are typically produced for such extreme conditions to withstand. VIC technology is evolving in both developed and emerging nations; it has a comparatively lower processing time in emerging regions as this technology is available at higher prices in relation to the economy concerned.
COVID-19 scenario Analysis:
- Global VIC technology market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors.
- Global factories have struggled to integrate new VIC technology as workers have stayed in their homes, which disrupted the global supply chains.
- The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for VIC technology are gradually going to increase.
- This COVID-19 lockdown would help companies think about more advanced VIC technology to enhance efficiency.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Growth is expected to fuel adoption rate of interactive displays at public transportation / transit spaces, including airports and railway stations. Interactive VIC technology offers interactive displays, particularly in comparison with conventional VIC technology. These deliver multiple displays, enhanced user engagement with the touchscreen, maximum image resolution and distribution of information in real time. A few of the key end users are commercial spaces including retail stores, healthcare facilities, restaurants and cafes, and museums.
The global VIC technology market trends are as follows:
Outdoor segment is expected to lead due to increase in number of advertisements
The outdoor segment may procure the highest share over the coming years. Various sectors, like transportation & logistics, entertainment, and others, are anticipated to increase demand to enhance growth in the market. Additionally, the increasing use of companies to attract potential customers through creative ads is expected to propel this segment that would further increase the demand for VIC technology. Outdoor VIC systems display commercial information and other related information.
VIC technology to be more accessible during the forecast period
- Although they have been around the industry for years, the upcoming decade will be all about accessibility and affordability for displays of VIC technology. The price of LEDs has declined dramatically owing to recent technological advances, that means the LED screens are now inexpensive in many situations and industries where they'd be well out of the budget allocation just a few years ago. The price declines and enhanced tool sets familiar and convenient to IT departments give more event professionals the ability to install VIC technology displays in all their events.
Where the strategic areas of focus for key players is concerned, technological development and advances of new products will become the more critical field to concentrate on; instead of the current product developments.
Key benefits of the report:
- This study presents the analytical depiction of the global VIC technology industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the globalVIC technology market share.
- The current market is quantitatively analyzed to highlight the global VIC technology market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global VIC technology analysis market based on competitive intensity and how the competition will take shape in coming years.
Questions answered in theVIC technology market research report:
- Which are the leading market players active in the VIC technology analysis market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the VIC technology analysis market?
- What are the projections for the future that would help in taking further strategic steps?
VIC technology Market Report Highlights
By Industry Vertical
Key Market Players
LG Electronics, Barco, Leyard Optoelectronic Co., Ltd., Lighthouse Technologies Limited., NEC Display Solutions, Panasonic Corporation, View Sonic Corporation, Cetech, Toshiba Corporation, SAMSUNG