Daktronics, Inc. - Common Stock (DAKT)

Competitors to Daktronics, Inc. - Common Stock (DAKT)

Leyard Group

Leyard Group operates in the same space as Daktronics, focusing on LED display solutions for various applications including sports, events, and retail environments. Leyard emphasizes high-resolution displays and creative digital solutions, positioning itself as a premium option in industrial and commercial applications. Although Daktronics has a strong foothold in the sports and entertainment sectors, Leyard's innovation in display technology and partnerships with creative agencies can give it a competitive edge in avant-garde display solutions, making it a significant competitor in emerging markets.

NEC Display Solutions

NEC Display Solutions competes with Daktronics in the digital signage sector, providing a wide array of display technologies including LCDs and OLEDs, in addition to projectors and video walls. NEC is known for its high-quality displays and integration capabilities, which appeal to corporate and educational markets. While Daktronics focuses more on outdoor displays and large-scale installations, NEC's advantage lies in its extensive experience in digital signage integration and support services, providing tailored solutions that appeal to enterprises looking for sophisticated AV systems.

Samsung Electronics

Samsung Electronics is a formidable competitor in the digital display markets, including digital signage and large-scale video displays. With extensive resources and a strong brand presence, Samsung offers high-quality image technology and innovative features in their displays. They leverage economies of scale and advanced technology, including QLED and MicroLED technology, to differentiate their offerings. While Daktronics specializes in specific sectors like sports venues and public displays, Samsung's wider range of consumer electronics and flexibility in custom solutions give it a competitive advantage in innovation and market reach.

Sony Corporation 

Sony Corporation competes with Daktronics in the large display market, particularly in high-definition video displays and projection technology. With rich audio-visual heritage, Sony places a significant emphasis on quality and innovation, continuously developing next-generation display technology. While Daktronics focuses on signage specifically for professional sports and public installations, Sony has the advantage of a diversified product portfolio and brand recognition, allowing it to appeal to various segments including corporate and entertainment, making it a versatile competitor in the display technology arena.

Watchfire Signs

Watchfire Signs competes with Daktronics primarily in the digital signage and outdoor advertising market, offering LED signs and electronic displays. They focus on creating customizable solutions for their clients, which include schools, businesses, and municipalities. Unlike Daktronics, which has a broader reach and a strong emphasis on large-scale projects and installations, Watchfire targets smaller to mid-sized businesses, allowing for potentially stronger client relationships and customer service on a more personal level. However, Daktronics’ established reputation and extensive experience in complex installations give it a competitive edge in larger projects.