Will Facebook Metaverse initiative have an impact on the market for touch display

Facebook Metaverse initiative has raised concerns about free speech and privacy

When Meta Platform inc. Mark Zuckerberg, Facebook chief executive, last month trumpeted the company plans to build a virtual reality "metaverse" to replace the Internet. Users of the platform, he claims, will be able to do "pretty much anything" they can think of.

For example, users will be able to watch concerts with friends, purchase goods and services, or attend business meetings. But many questions remain unanswered about how the company will protect free speech and privacy rights on its platform.

Facebook has been accused of unfairly suppressing one political opinion in favor of another. Mark Grady, professor of law and economics at THE University of California, Los Angeles, worries that these issues could become even more complex in the metaverse.

"It seems like a more ambitious undertaking than what they\'re doing right now," Grady told Fox Business. "It seems that the multiverse idea amplifies the problem."

Kris Kolo, executive director of the VR/AR Association, noted that current metadata platforms like Microsoft AltspaceVR and Sensorium focus on bullying and hate speech.

"Who going to control them? Do we need rules? Will they be kicked out of the superuniverse? You know, such rules could exist in the meta-universe to prevent hate speech or bullying, "he said. "Like any technology, I think it is a balance. Technology brings us together and connects us in different ways, and the metaverse is a new way to have an immersive online experience."

Electronic Frontier Foundation deputy executive director and general counsel Kurt Opsahl told Fox Business that when it comes to enforcing company policies on free speech and privacy, someone inevitably has to moderate the conversation.

"There are huge privacy issues. If you interact with others in a meta-universe, everything you say and do is captured by a device and transmitted to another person. In the middle is Facebook and a lot of people, "Opsal told Fox Business. "Many privacy scandals in the past have made me question whether Facebook is managing this issue well."

Opsahl said Meta must enforce its policies openly and transparently and notify users or allow an appeal process if their content is taken down.

Opsahl said: "With the ability to appeal, we realize that sometimes things get removed that don\'t violate policy... And give people a real way to solve this problem."

Will Facebook Metaverse initiative have an impact on the market for touch display? For more information or get the latest price of touch display, feel free to send an email to: risinglcd@foxmail.com.

The market trend of touch display

Due to the impact of the global spread of COVID-19, the global MARKET size of LED display screens in 2020 is estimated to be $5.7 billion, down about 10% year-on-year. It is estimated that the global outdoor LED display market will reach 12.9 billion yuan in 2021, and 23.9 billion yuan in 2026, with a compound annual growth rate (CAGR) of 9.0%. However, certain application areas, such as outdoor transportation, advertising billboards, and some municipal-related application places, are expected to pick up in the second half, and touch display will also benefit from the government economic stimulus. Regarding the development of the next few years, if there are no big macroeconomic changes, it is expected that the global LED display will maintain a compound annual growth rate of 18% from 2021 to 2026, among which the small spacing display is still the biggest driving force for market growth.

The world leading outdoor LED display manufacturers include Daktronics, Samsung, Unilumin and Leyard, etc. The top four manufacturers in the world account for more than 40% of the market share. At present, China is the world largest Outdoor LED Display market, accounting for more than 60% of the market, followed by North America, accounting for nearly 15% of the market.

The market distribution of touch display

In terms of regional market pattern, North America and EMEA are the most severely affected regions this year, which are expected to decrease by 7.7% to 6.7% respectively, and their share will also decrease accordingly. China is now slowly recovering from the impact of the epidemic, and stimulated by new infrastructure policies, the Chinese market touch display is expected to maintain the world fastest growth rate of about 3.8% this year.

The markets most affected this year are mainly applications related to clustered events, such as cinemas and commercial and retail venues. However, for security monitoring or control room, it will benefit from the government new infrastructure policy this year. It is estimated that this will be the fastest-growing touch display application market this year, with the market share expected to increase from 13.3% to 13.9%.

With the decline of LCD cost, size continues to enlarge, currently can see more than 80 inches of LCD TV, electronic whiteboard into commercial, coupled with the rise of LED display market, commercial projector in enterprise conference space shipment quantity will also decrease year by year.

However, the outdoor LED display screen is different from the indoor LED display screen. Since it is applied to outdoor scenes, in addition to meeting the display function, the touch display screen needs to ensure the transmission quality under direct sunlight, so it needs to meet the requirements of a high brightness display. In addition, the outdoor environment is changeable and harsh, so the outdoor LED display should have strong weather resistance, fully adapt to all kinds of bad weather, and can be used for a long time.

The high-quality touch display supplier-RISINGLCD

RISINGLCD ( WITH BRAND OF RISINGSTAR ) is a professional highlight LCD manufacturer from China, as a superior global touch display supplier, a modernized high-tech enterprise with 100 employees including 20 highly qualified and well trained engineers. Rising LCD is a professional LCD panel, TV, display, outdoor display, display modules, LCD TV display equipment supplier providing high quality products for home and business uses such as LCD modules, outdoor monitor, digital signage, interactive touch screen, digital menu and more. For more information or get the latest price of touch display, feel free to send an email to: risinglcd@foxmail.com, the sales team will reply within 48 hours.