PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437523
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437523
Interactive Video Wall Market size was valued at USD 15,234 Million in 2023, expanding at a CAGR of 7.5% from 2024 to 2032.
An interactive video wall is a powerful display option that gives the impression that information or message is larger than life. An effective way to deliver your content with a big wow factor at a level that people aren't used to viewing is with an Interactive Video Wall, which combines many monitors. The beauty of interactive video wall technology is that, unlike traditional video walls, it lets you provide engaging and practical interactive displays to the audience. They may offer the audience even more influence over the material they see by installing a touchscreen video wall.
Interactive Video Wall Market- Market Dynamics
Increasing construction of museums and immersive experience centers to propel market demand
The rising number of well-planned museums and art galleries that provide immersive experiences for guests is expected to fuel growth in the interactive video wall market globally. To draw in more visitors, several governments are investing in the creation of art-display units. One of the most well-known museums in the world, the Metropolitan Museum of Art, which houses all genres of art, including modern and contemporary, brought in a total of USD 213 million in income in 2022. These locations are perfect for making the most of the interactive video wall watching experience.
Interactive Video Wall Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2024-2032)
Based on layout segmentation, the standard layout category dominates the market
Based on the display segmentation, the LED segment held the largest market share in 2023
Based on end user segmentation, the retail segment is expected to dominate the market over the forecast period
Based on region, North America was the leading revenue generator in 2023
The Global Interactive Video Wall Market is segmented based on Layout, Display, End User, and Region.
The market is divided into two categories based on layout: Custom Layout and Standard Layout. The standard layout category dominates the market. Interactive video walls with standard layouts come in both landscape and portrait orientations and are mostly utilized in the hospitality, education, and trade fair industries. Additionally, these panels serve as menu boards in restaurants, telling patrons about the prices, options, and wait times.
The market is divided into three categories based on the display: LED, LCD and Others. The LED segment held the largest market share in 2023 and is expected to continue the same pattern during the forecast period. For each component in the value chain, curved LED interactive video walls are creating new opportunities. The use of video walls in place of widescreen screens to amuse audiences at an expanding number of outdoor events, including product launches, sporting events, political gatherings, and music concerts, is predicted to increase demand.
The market is divided into seven categories based on end user: Corporate, Retail, Transportation, Hospitality, Healthcare, Museum and Others. The retail segment is expected to dominate the market over the forecast period. The increasing number of commercial spaces, such as malls and shopping complexes, is expected to present the market participants participating in the value chain with solid development possibilities in the retail sector.
Interactive Video Wall Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to lead the market during the forecast period. The dominance is explained by the increasing use of interactive technology in the area's business facilities. The United States has gained a dominant market share in North America's interactive display sector. Touch video walls are being widely used in the nation's business, government, and retail sectors. Numerous touch display manufacturers and solution suppliers are based in North America, which is known for being an early user of interactive display technology.
The key players operating in the market are Planar Systems, Christie Digital Systems, NEC Display Solutions, Sharp Electronics, LG Electronics, Samsung Electronics, Daktronics, Userful Corporation, Barco, Matrox Graphics, Datapath, Sony Electronics and EIZO Corporation. To obtain access to new markets, market players are continuously pursuing a variety of strategic initiatives, including the creation of new products, funding and investments, mergers and acquisitions, and other strategic partnerships.
In January 2023, during Integrated Systems Europe (ISE) 2023 in Spain, ViewSonic Corp., a major global provider of visual solutions, unveiled its newest workplace solutions for improved collaboration in contemporary workplaces. The business will present its new Presentation Display for video conferencing together with its largest interactive display, the 105" 5K resolution ViewBoard. Visitors will be able to experience the potential for seamless hybrid meeting rooms through the exhibit's inclusion of the company's most recent big format displays, which include the All-in-One LED Displays and the Luminous Superior Series lamp-free projectors.
GLOBAL INTERACTIVE VIDEO WALL MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Planar Systems
Christie Digital Systems
NEC Display Solutions
Sharp Electronics
LG Electronics
Samsung Electronics
Daktronics
Userful Corporation
Barco
Matrox Graphics
Datapath
Sony Electronics
EIZO Corporation