Global LED Video Walls Market Report and Forecast 2024-2032

Global LED Video Walls Market Outlook

The global market size for LED video walls reached a value of more than USD 23.05 billion in 2023. The global LED video walls market is expected to grow at a CAGR of 11.50% between 2024 and 2032, reaching a value of USD 61.40 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends in the Market

LED video walls feature light emitting diodes that are used to create a big screen which can display high quality pictures and provide an undisturbed viewing experience. An LED video wall consists of more than one video screen, with the screens fixed together to generate larger visuals or windows of multiple visuals. They can be formed with the help of video projectors, LCD or LED screens, and television sets.

• The transportation sector has extensive use of LED video walls for displaying information of important events such as arrival and departure of transportation services such as bus, trains, and flights. This usage is a rising trend, contributing to the growth of the market.

• LED walls are used widely by businesses to advertise or launch their products for greater publicity, helping them reach more customers, and in creating a big impact on prospective customers. This activity has increased the use of LED walls and surged the overall LED video walls market.

• Technological advancements in the LED video walls due to the changing demands of consumers is ongoing, which is contributing to the growth of the market for LED video walls. Fine pitch LED video walls and dubbed planar direct light ultra-series are some of the recent developments that are helping evolve the market.

• The availability of rental LED video walls is a growing trend in the market, enabling end users to deploy LED video walls without need of purchasing the entire setup which could be expensive and require maintenance.

Market Analysis

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on service type, the market can be segmented into installation, repairing/maintenance, and rental. On the basis of location, it can be bifurcated into outdoor and indoor. By application the market is segmented into retail, airports/railways, building and construction, media and advertising, sports and entertaining, hotel and restaurants, and others. Based on region, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global LED video walls market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Samsung Electronics Co Ltd.

• LG Electronics Inc.

• Toshiba Corporation

• Panasonic Corporation

• ViewSonic Corporation

• Sharp NEC Display Solutions

• Others

Market Share by Location

Outdoor LED video walls are big screens set up to display a panoramic view with relatively lower resolution for the viewers who are at farther distance but with a high pixel pitch resolution. The outdoor segment has a strong position in the LED video walls market for advertising applications as they can reach more people.

Indoor LED video walls can display vivid graphics due to the presence of stable lighting. They provide flexibility and versatility with high performance. However, indoor LED video walls are visible only to users within the sight range of the indoor wall, due to which they are preferred for targeted displays and messaging rather than general advertising.

Market Share by Region

Rise in the number of entertainment events and outdoor sports in the Asia Pacific is increasing the demand for the LED video walls in that region. Countries like India, China, and Japan utilise LED video walls for advertisements and for awareness programmes to reach to maximum population, contributing to the LED video walls market.

The market for LED video walls is also projected to expand in North America, due to the increasing investments in advertising. With competition amongst brands, LED video walls can help create a bigger impact on potential customers, due to which companies are using LED video walls for advertising purposes.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

Samsung Electronics Co Ltd. founded in 1969 has its headquarter in Suwon, South Korea. It is a leading global electronics corporation who believes in developing superior quality products and services to contribute to the making of a better world.

LG Electronics Inc. is a South Korean electronics company which was established in 1958 based out of Seoul, South Korea. They develop and supply daily use appliances such as refrigerators, washing machines, smartphones, televisions, other luxury appliances such as home theatre systems, solar modules, smart devices, and many others.

Toshiba Corporation founded in 1875 has its headquarter located in Tokyo, Japan. Keeping their focus on digital technology, they apply their creativity and capabilities in device, energy, and infrastructure sectors to create an improved and sustainable world.

Other market players include Panasonic Corporation, ViewSonic Corporation, and Sharp NEC Display Solutions, among others.

Key Highlights of the Report