Global LED Video Walls Market Size to grow USD 47.5 Billion By 2030 | CAGR of 11.8%
Category: Semiconductors & ElectronicsGlobal LED Video Walls Market Size To Worth USD 47.5 Billion By 2030
According to a research report published by Spherical Insights & Consulting, the Global LED Video Walls Market Size is to grow from USD 21 billion in 2021 to USD 47.5 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The key driving factor is the increasing adoption of LED video walls by different industries such as retail, transportation, media & advertising, sport & entertainment, auditorium, commercial buildings, airports/railways, healthcare, commercial electronics, and others.
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Browse key industry insights spread across 201 pages with 126 market data tables and figures & charts from the report “Global LED Video Walls Market Size, Share, and COVID-19 Impact Analysis, By Type (Direct View LED Video, Indoor LED Video, Blended Projection LED Video), By Location (Outdoor, Indoor), By End-User Industry (Retail, Transportation, Media & Advertising, Sport & Entertainment, Auditorium, Commercial Buildings, Airports/Railways, Healthcare, Commercial Electronics, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030“ in detail along with the table of contents. https://www.sphericalinsights.com/reports/led-video-walls-market
The rise of new technologies such as artificial intelligence (AI), machine learning (ML), and big data has resulted in the development of new content distribution techniques, which has contributed to the growth of the LED video wall market. For example, it is predicted that a video wall with artificial intelligence (AI) technology that allows it to display quick customized communication will have a greater impact on the audience. Additionally, rising tourism is one of the major factors driving global demand for video walls. Video walls for transportation serve an important purpose in keeping the crowd informed, so their use is continuing to increase. The rise in demand from numerous sectors, such as retail, transportation, media & advertising, commercial buildings, commercial electronics, and others is expected to boost growth for the global LED video wall market.
The direct view LED video segment is witnessing a higher growth rate over the forecast period.
Based on type, the global LED video walls market is segmented into direct view LED video, indoor LED video, and blended projection LED video. Among these, the direct view LED video segment witnessed a higher growth rate over the forecast period. Owing to the advantages such as they offer maximum brightness options along with variable pixel options with almost no bezels and providing a seamless picture experience.
The outdoor segment is witnessing significant CAGR growth over the forecast period.
On the basis of location, the global LED video walls market is segmented into outdoor and indoor. Among these, the outdoor segment is witnessing significant CAGR growth over the forecast period as a result of increased demand from various industries such as transportation and logistics, media and advertising, sport and entertainment, and others.
The transportation segment is dominating the market with the largest market share of 40% over the forecast period.
Based on the end-use industry, the global LED video walls market is segmented into retail, transportation, media & advertising, sport & entertainment, auditorium, commercial buildings, airports/railways, healthcare, commercial electronics, and others. Among these, the transportation segment dominates the market with the largest market share of 40% over the forecast period. The LED video wall is the most common digital technology used in the transportation sector by major transportation hubs such as airports, railways, and bus stations. As a result, there is a shift in consumer behaviour in terms of customer engagement across all modes of transportation, allowing companies to strategically build their brands in the minds of their customers. In the forecasted period, this is expected to drive the LED video wall market.
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North America is dominating the market with the largest market share of 30%.
North America dominates the market with a 30% market share, owing to the region's largest revenue from LED video walls, which is expected to grow as the United States is a large market for digital advertising. As a result, the demand for LED video walls is increasing. Based on the report, North America is expected to account for a significant portion of the global LED video wall market.
Recent Development
- In June 2022, Viewsonic launched the first 135-inch all-in-one, direct-view LED Display Solution Kit with a foldable screen, significantly lowering packaging size by nearly 50% over previous designs. Because it can fit into conventional freight and large passenger elevators, it is easier and less expensive to transport.
- In October 2021, LG Electronics and VA Corporation established a collaborative research center to create an LED wall optimized for in-camera visual effects. This innovative technology enables filmmakers to create multiple scenes and locations in the same studio at the lowest possible cost.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global LED video walls market based on the below-mentioned segments:
LED Video Walls Market, By Type
- Direct View LED Video
- Indoor LED Video
- Blended Projection LED Video
LED Video Walls Market, By Location
- Outdoor
- Indoor
LED Video Walls Market, By End-User Industry
- Retail
- Transportation
- Media & Advertising
- Sport & Entertainment
- Auditorium
- Commercial Buildings
- Airports/Railways
- Healthcare
- Commercial Electronics
- Others
LED Video Walls Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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