Video Wall Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Increasing Utilization in Government and Education Sector Increased the Demand for Video Wall Market

Globally, the video wall market is expected to grow with a CAGR of 19.8% during the forecast period from 2021 to 2029 and was accounted to have a market of US$ 5.20 billion in the year 2019. A video wall is defined as a sum of the various displays video screen, which might be LEDs or LCDs to form a single logical screen. These screens are used in various industries for advertising, event management, and others for displaying their content.

Some of the major industries, which use these screens, are government, education, transportation, entertainment, and others. Increasing disposable income among the individuals, users and changing lifestyle is a major factor, which is driving the market. Additionally, the rising requirement for engaging individuals by displaying advertisements, videos, information and other data by restaurants, and hotels is also driving the market globally.

Video Wall with LED Video Wall Display Modules in its Module Segment Continue Dominating the Market

In 2020, the overall video wall market is lead by the LED video wall display modules segment in its module to a high percentage of the market share of the total revenue generated globally in 2020 and is expected to grow with a CAGR of more than 20.1% during the forecast period. There is increasing demand for LED screens by the users, due to advancement in technology and its ability to consume less power as compared to LCDs. Additionally, the LED displays offer high brightness and provide illumination along with the visual display. Similarly, the increasing demand from the advertisers due to low cost is also driving the segment.

North America Dominates the Market by Region

The global video wall market was led by North America with a market share of more than 30.0% in the year 2020. This is due to the increasing disposable income of the individuals in the country and rising advancement in the technology. Moreover, the various companies, industries, advertising companies, hotels, theme parks, and others are using the video walls for attracting the customers. Similarly, the presence of various companies such as Prysm, Inc., and others also provide video walls with laser phosphor display technology which tends to attract various customers in the region.

Some of the prominent players operating in the video wall Navori SA, LG Display Co. Ltd., NEC Display Solutions, Toshiba Corporation, Adflow Networks, Omnivex Corporation, AU Optronics Corp., Panasonic Corporation, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., and Sony Corporation.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of video wall in 2020 and forecast up to 2029?
• Which is the largest regional market of LCD video wall display modules in module segment?
• What are the major trends followed in video wall market across different regions?
• Who is the key video wall companies leading the market?
• What are the key strategies adopted by the leading video wall companies in market?

Unique data points of this report

• Statistics on video wall penetration and spending worldwide
• Recent trends across different regions in terms of adoption of video wall.
• Notable developments going on in video wall market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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