Global Video Wall Market to Reach US$ 49.3 Billion by 2028, Propelled by the Increasing Demand for Advanced Visual Solutions

September 15, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Video Wall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global video wall market size reached US$ 14.6 Billion in 2022. A video wall is a sophisticated multi-screen setup that displays a single image across multiple screens or offers different pictures on each screen. It is designed to provide a seamless and immersive visual experience using high-quality displays, processors, and software that allow intricate control and manipulation of visual content. It is commonly used in various environments, such as command and control centers, retail spaces, stadiums, broadcast studios, and corporate lobbies. The appeal of video walls lies in their ability to display large-scale, high-definition content with precision, thereby creating engaging and interactive experiences for viewers. Video walls assist organizations to effectively communicate, showcase products, or share information with their audience, transforming how businesses operate and engage with consumers.

Global Video Wall Market Trends:

The increasing demand for advanced visual solutions across various industries, including retail, entertainment, healthcare, and government sectors, is one of the major factors contributing to the market growth. Video walls offer an interactive and immersive experience, enhancing customer engagement and satisfaction. Moreover, the growing popularity of using video walls for advertising and promotional activities has increased, providing businesses with a modern and effective way to reach their target audience, which in turn, is providing a thrust to the market growth. Additionally, rapid technological advancements, such as the development of ultra-thin bezels and high-resolution displays, provide aesthetically pleasing and high-quality visuals, creating a positive outlook for the market growth. In addition to this, the widespread adoption of energy-efficient light-emitting diode (LED) and organic light-emitting diode (OLED) technologies in video wall systems, addressing environmental concerns, and reducing operational costs are strengthening the market growth. Besides this, the increasing demand for customized video wall solutions tailored to specific industry needs, fueling innovation, is propelling the market growth. Furthermore, the growing focus on digitization and the integration of artificial intelligence (AI) and the Internet of Things (IoT) with video wall systems, presenting a pathway for future growth and innovation, is creating remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 49.3 Billion by 2028, expanding at a CAGR of 21.6% during 2023-2028.

Market Summary:

Based on the product, the market has been segmented into LCD display system, LED display system, LPD display system, and others. According to the report, LED display systems represent the largest segment.
On the basis of the service, the market has been classified into housing, installation, and content management. Amongst these, housing accounts for the largest market share.
Based on the deployment type, the market has been divided into touch based, touch less, multi touch, and others.
On the basis of the technology, the market has been bifurcated into rear projection display and narrow bezel display. According to the report, narrow bezel display accounts for the largest market share.
Based on the vertical, the market has been categorized into retail, IT and telecommunication, government and defense, media and entertainment, and others. Amongst these, media and entertainment represent the largest segment.
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. According to the report, Europe is the largest market for video wall.
The competitive landscape of the market has also been examined, with some of the key players being Daktronics, Inc. (ADFLOW Networks), AU Optronics Corp., Samsung Electronics Co., Ltd., LG Display Co. Ltd., Barco NV, Acer Inc., Christie Group plc, Panasonic Corporation, Sony Corporation, Koninklijke Philips N.V, NEC Display Solutions, Planar Systems, Inc., Sharp Corporation, Toshiba Corporation, etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product, Service, Deployment Type, Technology, Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Daktronics, Inc. (ADFLOW Networks), AU Optronics Corp., Samsung Electronics Co., Ltd., LG Display Co. Ltd., Barco NV, Acer Inc., Christie Group plc, Panasonic Corporation, Sony Corporation, Koninklijke Philips N.V, NEC Display Solutions, Planar Systems, Inc., Sharp Corporation and Toshiba Corporation
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Global Video Wall Market to Reach US$ 49.3 Billion by 2028, Propelled by the Increasing Demand for Advanced Visual Solutions

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