What is the global market size of LED Video Wall Market?

LED Video Wall Market size was valued at USD 21 billion in 2021 and is poised to grow from USD 23.47 billion in 2022 to USD 47.5 billion by 2030, growing at a CAGR of 11.8% in the forecast period (2023-2030).

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 Competitive Landscape

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 Market Report Snapshots

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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).

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 market, market participants from the LED video walls market are predicted to enjoy attractive growth prospects in the future. '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'

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.

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.

In 2021, the Asia Pacific accounted for the largest share of the 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.

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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

LED Video Wall Market Competitive Landscape

LED Video Wall Market Report Snapshots

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