The new report by Expert Market Research titled, ‘Global Video Wall Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global video wall market size, assessing the market based on its segments like service, product, type, technology, application, end use and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 12%
The market for video wall has seen substantial growth due to factors such as rising demand for display screens, particularly with narrow bezels globally. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the video wall market.
The narrow bezel displays are experiencing significant growth based on technology and are expected to dominate the sector in the forecast era. This can be due to the introduction of evolved versions, such as ultra-narrow bezel and super narrow bezel, of narrow bezel displays. To decrease the bezel width for consumers, the leading industry players are continually making innovations. Meanwhile, due to its features such as producing virtually continuous images, large-size displays, and simple installation, there is expected to be a major increase in sales of the narrow bezel display.
Market growth can also be attributed to the various features it provides, such as tile layout customization, larger screen area per unit cost, and higher pixel density per unit cost, which are further planned to stimulate the growth of the industry.
Industry Definition and Major Segments
A video wall refers to a setup of several displays, monitors, projectors, and television sets that are tiled together to create a single wide, unified screen. These screens are integrated with ultra-thin edges, known as bezels, which make customer disturbances less visible in the picture.
As it provides displays with a high-resolution image, it is often used in large locations such as stadiums, grounds, or airports. It provides many benefits, such as high-definition display, brightness, more video image volumes, mixed source resolutions, presentation customization versatility, and unified display/control that otherwise cannot be accomplished by single displays.
Based on the service, the industry is divided into:
- Housing
- Installation
- Content Management
Based on the product, the industry is divided into:
- LED Display System
- LCD Display System
- LPD Display System
Based on the type, the industry is divided into:
- Touch Based
- Multi Touch
- Touch Less
Based on the technology, the industry is divided into:
- Narrow Bezel
- Rear Projection
Based on the application, the industry is divided into:
- Indoor Advertisement
- Outdoor Advertisement
- Menu Board Advertisement
- Billboard Advertisement
Based on the end use, the industry is divided into:
- IT and Telecommunication
- Media and Entertainment
- Government and Defense
- Quick Service Restaurants (QSR)
- Corporate
- Hospitality
- Retail
The regional markets for video wall include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Market Trends
Geographically, Due to the rapid demand for LED video walls in emerging economies like India and China, the Asia Pacific is expected to experience significant growth. Increasing demand for display screens and video walls across all public places, including grounds, stadiums, and clubs, is favouring the region’s industry growth. Moreover, due to the growing user preference for better visual effects and high-resolution images, the area is expected to experience strong demand in the forecast era.
Furthermore, it is expected that the increasing adoption of advanced advertising technologies and recent developments in infrastructural activities will support the growth of the regional market. In addition, advances in technology and the launch of smart video walls by multiple industry suppliers are improving the growth of the market and expanding the customer base.
Key Market Players
The major players in the market Sony Corporation, Koninklijke Philips N.V., Samsung Electronics Co Ltd, LG Electronics Inc., Sharp Corporation, ViewSonic Corporation, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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