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 2023 to 2030 and was accounted to have a market of US$ 6.22 billion in the year 2021. 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 2021, 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 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 technology. Moreover, various companies, industries, advertising companies, hotels, theme parks, and others are using video walls for attracting 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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Video Wall market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Video Wall market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Video Wall market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Video Wall market?
• Which is the largest regional market for Video Wall market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Video Wall market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Video Wall market worldwide?