The global video walls market revenue totaled ~US$ 6,870.3 Mn in 2021 and is projected to reach ~US$ 13,965.6 Mn by 2027, growing at a CAGR of 12.2% from 2022 – 27. The video walls market is nearly 10.0% of the global display advertising market.
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One of the products that has gotten a lot of attention over the past few years is video walls. The need for large displays and sets of monitors is steadily increasing in newsrooms, conference halls and concerts. As a result, the video wall market is expected to exhibit an outstanding CAGR of 14.1% during the forecast period. The market is expected to be valued at approximately US$ 13,966 million by the end of 2027 from approximately US$ 3,738 million in 2017.
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Numerous advantages of video walls driving increased demand and adoption
Video walls offer several advantages compared to traditional large screen displays. Previously, large screen displays were used extensively in various applications such as sports, digital signage and stadiums. However, video walls provide high-quality pixel density and uniform brightness for all of your photos. As a result, there has been a significant increase in the trend towards the placement of video walls in the aforementioned applications and is expected to gain traction in the long term.
In addition to this, a single video wall has the ability to display multiple photos in different formats and resolutions from different regions at the same time. In addition, video wall displays are not limited to a specific design and offer high flexibility by presenting images in a variety of creative forms. Traditional large screen displays are being replaced by more and more idiosyncratic video wall concepts, which is why the video wall market is expected to grow at a healthy pace during the forecast period.
A good signal for the growth of the global market for the integration of IT technology
Continuous technological advances have resulted in video walls with improved performance and flexibility. In addition, the development of new technology in video walls can induce customers to purchase, which can pave the way for the market to earn high profits. For example, the development of a touch screen video wall can greatly enhance the user-friendliness of users, thereby accelerating the growth of the global market.
competitive landscape
Many major video wall manufacturers tend to invest heavily in display technology innovation, research and development practices to discover increased applications for video walls. Using technology, major suppliers are also focused on increasing their customer base through direct and indirect sales channels.
- Samsung Electronics Co., Ltd.
- NEC Display Solutions
- LG Electronics
- Royal Phillips NV
- ship
- ray yard
- Panasonic Corporation
- video wall hardware
- video wall software
- video wall service
Based on display technology, the video wall market is segmented into:
- LED video wall
- LCD video wall
- Others (LPD, DLP)
By Industry, the Video Wall Market is segmented into:
- government and public
- Retail and Consumer Goods
- travel and entertainment
- education
- health care
- media and entertainment
- Other
By region, the video wall market is segmented into:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (excluding Japan)
- Japan
- China
- Middle East and Africa (MEA)
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Key questions answered in the report
- Which regions are projected to witness high growth in the video wall market?
- Who are the leading companies offering video walls?
- How much is the Global Video Wall Market Worth?
- What will be the demand/sales forecast for the video wall?
- What was the market CAGR over the past decade?
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