Global Video Wall Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Video Wall Market is estimated to be USD 22.51 Bn in 2023 and is expected to reach USD 38.3 Bn by 2028 growing at a CAGR of 11.22%.

Market Dynamics

A video wall is a multi-display system consisting of many LCD or LED computer monitors overlapped or tiled together to make a giant screen. A video wall shows a considerably more significant and higher-resolution image than a single monitor to a broad audience, such as through stadiums and airports.

Globally, the video wall business is being pushed by growing demand for display panels, particularly those with lower bezels. These displays provide a variety of characteristics such as customization and flexibility and the ability to broadcast mixed information simultaneously, allowing users to target a broader audience and broaden their reach. Furthermore, these displays help reduce the number of divisions produced by wide bezels, likely to boost market expansion. Again, technological advances and the launch of smart video walls by numerous manufacturers in the sector are promoting market growth and broadening the client base. The introduction of touchscreen video walls is further transforming the business. The market's expansion may also be due to its several advantages, including customization of tile patterns, larger screen area per unit cost, and higher pixel density per unit cost, all of which are expected to fuel industry growth.

The initial setup cost of the video wall, on the other hand, is significantly more significant, and this is expected to provide a challenge to the industry shortly.

Market Segmentation

• The Global Video Wall Market is segmented further based on Product Type, Services, Deployment Type, Application, End-User, and Geography.
• By Product, the market is classified into LCD Display System, LED Display System, and LPD Display System.
• By Services, the market is classified into Housing, Installation, & Content Management.
• By Deployment Type, the market is classified into Touch-Based, Touch Less, Multi-Touch & Others.
• By Application, the market is classified into Indoor Advertisement, Outdoor Advertisement, Menu Board Advertisement & Billboard Advertisement.
• By End User, the market is classified into Retail, Retail Banking, Quick Service Restaurants (QSR), Corporate, Government, Entertainment, Hospitality, Healthcare, Transportation & Education.
• By Geography, America is projected to lead the market.

Recent Developments

1. LG has acquired TV ad tech startup Alphonso- 5th Jan 2021
2. Navori Labs Acquires Innes’ PlugnCast Dynamic Display Software Business- 7th Sep 2021
3. LG Display to invest $2.8 bn to expand OLED display production capacity- 17th Aug 2021

Company Profiles

Some of the companies covered in this report are Absen, Barco, Darktronics, FinePixel, LG Display, Neoti, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Video Wall Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market