USD 21 billion
LED Video Wall Market Size, Share, Growth Analysis, By Type(Direct View LED Video Walls, Indoor LED Video Walls, Outdoor LED Video Wall), By Application(Indoor Application, Outdoor Application), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2089 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
62
|Figures:
75
LED Video Wall Market Insights
LED Video Wall Market size was valued at USD 21 billion in 2019 and is poised to grow from USD 23.47 billion in 2023 to USD 47.5 billion by 2031, growing at a CAGR of 11.8% in the forecast period (2024-2031).
During the forecast period, the led video wall market is expected to grow significantly, primarily due to an increase in product usage across a range of industries, particularly media and advertising for marketing campaigns and data broadcasting. Healthcare facilities and retail establishments are other applications for LED video walls, where they offer many screens, real-time valid content sharing, and improved touchpad interaction to enable adaptable customer engagement.
In most cases, LED video walls combine several LED units into a unified display panel. It also consists of numerous televisions, video projectors, or computer displays that have been strategically angled or layered in order to transfer more light than signs made for commercial use. The possible benefits of employing LED screens, such as their environmental protection, longevity, reduced operational expenses, enhanced energy efficiency, and smaller carbon footprint, can be used as justification for the rapid growth of these walls.
The led video wall market demand is estimated to be driven by a surge in the most recent technical developments and their subsequent incorporation into video walls. Many businesses are attempting to create LED video walls that are ideally suited to the expanding trend in display technology. In contrast, problems including the high installation prices of LED video walls and maintenance would impede market expansion in the upcoming years. Additionally, the growth trend would be further hampered by a shortage of experts and the skills needed for appropriate implementation.
US LED Video Wall Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Outdoor Application
Fastest Growth
Outdoor Application
Growth Rate
11.8% CAGR
Global LED Video Wall Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
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LED Video Wall Market Segmental Analysis
The global LED video wall market segmentation is based on type, application, and region. Based on type the led video wall market is segmented into direct view LED video walls, indoor LED video walls, and outdoor LED video wall. Based on application the market is segmented into indoor application and outdoor application. Based on region the global LED video wall market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
LED Video Wall Market Analysis by Type
In 2021, the Direct View LED Video Walls accounted for the largest market share and are predicted to dominate the market during the projected timeframe. These massive displays that make up the video walls are generally used for outdoor events. Although these display systems were initially intended for outdoor use, they now provide offer superior pixel possibilities for inside displays as a result of changing trends. Direct view video walls have advantages such as maximal light settings, a variety of pixel selections, and almost no bezels, creating a satisfying experience.
LED Video Wall Market Analysis by Application
Outdoor LED video walls are predicted to dominate the market during the projected timeframe because of growing demands from a variety of sectors, including entertainment, transportation & logistics, and so forth. Additionally, the rising usage of advertisements by businesses to attract more customers would accelerate market expansion. For instance, there are numerous outdoor LED video walls showing advertisements and other content in Times Square in New York.
Global LED Video Wall Market By Application, 2021 (%)
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LED Video Wall Market Regional Insights
In 2021, the Asia Pacific accounted for the largest share of the global LED video wall market. Over the course of the forthcoming years, the LED video wall market in the Asia Pacific is estimated to expand more quickly. The expansion is due to the rising interest in LED video walls in arenas, barns, fields, and public spaces. Particularly in locations with high clarity and superior visuals, consumption is growing. The industry is also being driven by Asia Pacific's growing adoption of advertising technology. Additionally, expanding infrastructure projects, particularly in developing nations, are fueling market expansion.
Due to increased advertising expenditures, the led video wall market in North America is estimated to rise significantly. As a result, the market for LED video walls is increasing. The report predicts that North America will account for a sizeable portion of the global LED video wall market.
Due to the dispute in Syria and Yemen, limited socioeconomic diversification, the urgent need to better education systems, complicated political and governance situations, and continuing elevated barriers to the economic and social wellbeing of significant segments of society, it is expected that the markets for LED video walls in the Middle East & Africa and South America will expand at a steady growth rate during the forecast.
Global LED Video Wall Market By Geography, 2022-2028
- Largest
- Fastest
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LED Video Wall Market Dynamics
LED Video Wall Market Driver
- The largest market for LED video walls is predicted to be the transportation industry. Airports, bus stops, and train stations place significant requirements on LED video walls. Advertising on a video wall now accounts for a sizeable portion of the growth in transportation media income due to the increasing need for suitable digitalized content and information for passengers.
- A number of businesses are combining augmented intelligence with LED video walls to provide HD-quality adverts and images. LED video walls with augmented reality are increasingly being used at bus shelters, ports, and metro stations. Additionally, several clothing retailers employ interactive screens that let customers view garments without physically putting them on. It has provided a large market opportunity for LED video walls in the future.
LED Video Wall Market Restraint
- Higher investment expenses and financial volatility are the main issues facing the LED video walls business. Other digital signage technologies are more affordable than LED, which is projected to restrain market growth throughout the projection period. Additionally, there are substantial upfront costs associated with installing the LED video wall, which is expected to significantly constrain the market during the forecast period.
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LED Video Wall Market Competitive Landscape
To keep competitiveness in the international sector, these market players have been involved in strategic efforts like acquisitions and mergers, new products, collaborations, and more. These actions have made it possible for market participants to grow their consumer bases and operations. With the growing preference for LED video walls in the global market, market participants from the LED video walls market are predicted to enjoy attractive growth prospects in the future.
LED Video Wall Market Top Players Company Profiles
- Barco
- Leyard
- Christie Digital Systems
- Daktronics
- Mitsubishi Electric
- Absen
- Unilumin
- Lighthouse Technologies
- NEC Display Solutions
- Samsung Electronics Co. Ltd.
- LG Electronics
- Panasonic
- Toshiba
- Sharp Corporation
- Philips
- Sony Corporation
- Cree, Inc.
- Osram
- Nichia Corporation
- Seoul Semiconductor
LED Video Wall Market Recent Development
- In May 2022, TruePix, a revolutionary LED video wall from Barco NV, is expected to revolutionize LED video walls. With the help of cutting-edge smart engineering, this device provided a premium visualization experience that guaranteed an excellent and lasting watching experience. In control centers, tv studios, lounges, conference rooms, theatres, and other business applications, TruePix is expected to give a completely seamless experience that brings content to life as intended.
- In April 2022, a well-known producer of visualization technology with an Oregon basis, Planar, recently revealed plans to create a broad range of cutting-edge broadcast technologies for NAB 2022. The company will showcase contemporary advances for broadcast production requirements. It will cover everything from state-of-the-art motion capture (Mocap) technologies for fine camera tracking to cutting-edge fine pitch LED display solutions for in-camera virtual production. The first NAB event following the establishment of Planar Studios in 2021 is NAB 2022.
LED Video Wall Key Market Trends
- The most prevalent modern technology in use in the transport industry is the video wall, which is found in key transportation hubs like ports, metro stations, bus terminals, etc. A substantial portion of the development in transportation media income can be attributed to interactive commercials that are displayed on a video wall in response to the growing demand for digital content and information that is pertinent to travelers. Additionally, as a result of this, there has been a change in consumer interaction across all forms of transportation, enabling businesses to strategically position their brands in the minds of consumers. During the projected timeframe, this is estimated to boost the video wall market.
LED Video Wall Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the Direct View LED Video Walls held the largest market share in 2021 and are expected to rule the market for the forecasted period of time. During the forecast period, outdoor LED video walls are expected to dominate the market. Asia Pacific held the largest market share for LED video walls globally in 2021. It is predicted that the market in North America will grow greatly as a result of higher advertising expenses.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 21 billion |
| Market size value in 2031 | USD 47.5 billion |
| Growth Rate | 11.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on LED Video Wall Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on LED Video Wall Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the LED Video Wall Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the LED Video Wall Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the LED Video Wall Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the LED Video Wall Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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