Articles

Video Wall Market Overview, Trends, Opportunities, Growth and Forecast by 2025

by IMARC Group Market Research Reports
According to the latest report by IMARC Group, titled “Video Wall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the global video wall market size reached US$ 15.9 Billion in 2019. A video wall refers to an electronic display that is created by combining numerous screens to form a larger image or smaller windows of multiple images. It can be built using traditional television sets, video projectors and LCD or LED panels, cubes, tiles or projection screens. The video wall provides high image resolution and contrast, uniform brightness and real-time content sharing with improved touchscreen interactivity. Owing to this, this next-generation technology is being used at airports, stadiums, railway stations and museums to help reach information to a massive audience with multi-monitor setups.

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Global Video Wall Market Trends:

One of the major factors driving the market growth is the increasing number of malls and public spaces, which has led to a rapid rise in the installation of video walls. These screens are used for grabbing the attention of passers-by and advertising various products. Apart from this, with the advancements technology, video walls have become more adaptable in terms of shapes, sizes, and software capabilities. Moreover, many companies are developing video wall software that can span content across multiple and varied displays in an array of configurations. They are also introducing video walls with high contrast ratio, anti-glare screen and improved response time, which help in increasing readability. Looking forward, the market value is projected to reach US$ 32.1 Billion by 2025, expanding at a CAGR of around 12.10% during 2020-2025.

Insights on Market Segmentation:

Breakup by Product

1. LCD Display System

2. LED Display System

3. LPD Display System

4. Others 

Based on the product, the market has been segmented into LCD, LED, LPD and other display systems. At present, LED display systems are the most popular product.

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Breakup by Service

1. Housing

2. Installation

3. Content Management

On the basis of the service, the market has been classified into housing, installation and content management.  

Breakup by Deployment Type

1. Touch Based

2. Touch Less

3. Multi Touch

4. Others

The market has been segregated based on the deployment type into touch-based, touchless, multi-touch and others.

Breakup by Technology

1. Rear Projection Display

2. Narrow Bezel Display

On the basis of the technology, the market has been bifurcated into rear projection and narrow bezel display. Narrow bezel displays are most widely used in video walls.

Breakup by Vertical

1. Retail

2. IT & Telecommunication

3. Government & Defense

4. Media & Entertainment

5. Others

The market has been categorized based on the vertical into retail, IT and telecommunication, government and defense, media and entertainment, and others. Amongst these, government and defense dominate the market, accounting for the majority of the global market share.

Breakup by Region

1. North America

2. Europe

3. Asia Pacific

4. Middle East and Africa

5. Latin America

Region-wise, North America exhibits a clear dominance in the market. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.

Competitive Landscape

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 and Toshiba Corporation.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Created on Apr 9th 2020 07:53. Viewed 161 times.

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