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LED Video Walls Market size is poised to register substantial growth between 2023 and 2032 driven by widespread application across media and advertising, retail stores, and hospitals.
LED screens are set to witness rising demand driven by their benefits such as lower operational costs, durability, energy efficiency, environmentally friendly, and reduced carbon footprint. A large number of users are opting for LED lighting and screening technologies to keep up with the growing efforts toward decarbonization and reduction of carbon emissions.
The thriving popularity of video walls can be attributed to their ability to facilitate seamless connection with video conferencing equipment, broadcast video systems, or computers in order to display content. Latest advancements have enabled the introduction of touch-sensitive LED screens providing a superior interactive experience to the audience, thus adding impetus to the industry expansion.
The emergence of the COVID-19 pandemic helped accelerate the adoption of LED video walls by transforming the way businesses worked, emphasizing on touch-free interaction. Rapid penetration of work-from-home, home entertainment, and e-learning is further set to propel the demand for advanced LED video walls. However, the fallout between Russia and Ukraine in February 2022 is predicted to have a notable impact on the LED video wall industry. The war has effectively exacerbated chip shortage and semiconductor supply chain disruptions, hampering the production of LED video walls market. The short-term and long-term impacts on raw materials procurement and costs will also negatively influence the industry outlook.
The demand for direct-view LED wall technology is projected to rise remarkably over 2032 due to its wide variety of advantages, including exceptional optical characteristics, scalability to any size & shape, and seamless images. Direct-view LED displays deploy a surface array of LEDs instead of LCD panels as the actual display pixels, enabling brilliant contrast vibrant colors, and brightness levels superior to that of LCDs, thus gaining significant traction.
Based on the deployment model, the indoor LED video walls segment is set to register stellar expansion by 2032 led by the ongoing advancements in surface-mounted LED screens. Indoor displays are expected to witness upsurging adoption owing to their high-resolution imagery and availability in multiple designs and shapes. With increasing spending on at-home educational and home entertainment setups, indoor LEDs are set to become mainstream in the forthcoming period.
The LED video walls market share from the retail sector is poised to amass sizeable revenue growth by 2032 owing to the increased spending on advertising campaigns. Retail giants worldwide are ramping up investments in advertising campaigns for setting up LED video walls onto digital signage not only for promotional purposes but to also help shoppers with information regarding products.
Asia Pacific LED video walls market size is set to record notable expansion from 2023-2032 driven by the rising integration of interactive display units with AR and VR technologies. The booming sports and entertainment business in countries, such as China, Japan, India, and South Korea will also foster lucrative demand for LED video walls in the region.
The competitive landscape of the global LED video walls market includes Toshiba Corporation, Planar (Leyard, Leyard American Corporation), Samsung Electronics Co. Ltd. (Samsung Group), Koninklijke Philips N.V., LG Display Co. Ltd, and others. These companies are expanding their product portfolios with new and advanced offerings for scaled revenues.