Video Wall Market By Module (LED Video Wall Display Modules, LCD Video Wall Display Modules), By Technology (Panel Based Video Wall, Cube Based Video Wall, Projection Based Seamless Displays), By Application(Indoor Advertisement, Outdoor Advertisement, Menu Board Advertisement, Billboard Advertisement), By Vertical (Retail, Retail Banking, QSR, Corporate, Government, Entertainment, Healthcare, Transportation, Education) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

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 2019 to 2027 and was accounted to have a market of US$ 4.20 billion in 2017. A video wall is defined as a sum of the various displays of the 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 major industries that use these screens are government, education, transportation, entertainment, and others. Increasing disposable income among individuals and users and changing lifestyles is a major factors 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. 

Market Synopsis

Video Wall with LED Video Wall Display Modules in its Module Segment Continue Dominating the Market

In 2018, the overall video wall market was lead by the LED video wall display modules segmenting its module to a high percentage of the market share of the total revenue generated globally in 2018 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 users due to advancements in technology and their 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 2018. This is due to the increasing disposable income of the individuals in the country and rising advancements in technology. Moreover, various companies, industries, advertising companies, hotels, theme parks, and others are using video walls to attract customers. Similarly, 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 prominent players operating in the video wall are 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 research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The video wall market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global Video Wall market based on module, technology, application, vertical, and geography. 

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