PUBLISHER: Allied Market Research | PRODUCT CODE: 1396894
PUBLISHER: Allied Market Research | PRODUCT CODE: 1396894
The video wall market was valued for $6,836.20 million in 2022 and is estimated to reach $17,461.00 million by 2032, exhibiting a CAGR of 10.12% from 2023 to 2032.
Video walls include high-brightness displays as one of its characteristics; these screens are made to emit more light than other commercial-grade digital signs on the market, which can resist demanding outdoor conditions. These panels are far more resistant to these harsh environments than the consumer-grade televisions. Both rich and developing nations are adopting video wall technology, albeit this technology is rising quickly in less developed nations. The video wall is the newest advancement in display technology, enabling multi-monitor setups to expand customer reach. The quality of the video wall is determined by the monitors' brightness and contrast.
A new development in the field occurred when display devices were used as video walls outside of residences. It has several uses, including displaying advertisements, information, and graphics, among others. LED video walls are a particular kind of video wall solution. It is a multipart display system that works together as a single unit to display content on a single screen. Digital signage includes LED video walls, which are crucial. Due to their excellent performance, adaptability, and low maintenance requirements, these video walls are becoming more and more popular. Since LED video walls may be used indoors as well as outdoors, they are sold for a variety of applications.
For the purpose of analysis, the video wall market scope covers segmentation based on display technology, application, and region. The report provides information on various display technology, including LED video wall and LCD video wall. Furthermore, the major applications covered in the study include government and public, retail, travel and hospitality, education, healthcare, and media and entertainment. In addition, it analyzes the current market trends across different regions such as North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key video wall market leaders profiled in the report include Sony Corporation, Toshiba Corporation, Panasonic Corporation, LG Electronics Inc., Barco NV, Planar Systems, Inc., Acer Inc., ViewSonic Corporation, Samsung Electronics Co Ltd., and Koninklijke Philips N.V. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration, and business expansion to increase the video wall market share during the forecast period.
The report includes the study of the video wall market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
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