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LED Video Walls Market Size
LED Video Walls Market is poised to register substantial growth between 2024 and 2032 driven by the widespread application across media and advertising, retail stores, and hospitals. The increasing demand for LED screens is further fueled by their advantageous features including reduced operational costs, enhanced durability, energy efficiency, and eco-friendliness, resulting in a lower carbon footprint.
The popularity of video walls can be attributed to their ability to facilitate seamless connection with video conferencing equipment, broadcast video systems, or computers 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.
LED Video Walls Market Trends
There is a growing focus on sustainability and energy efficiency, leading to the development of energy-efficient LED displays and eco-friendly manufacturing practices, aligning with the increasing emphasis on environmental responsibility. With the integration of advanced features such as wireless connectivity, interactive touch capabilities, and content management systems, the functionality and appeal of LED video walls is expanding, favoring the industry outlook.
LED Video Walls Market Analysis
The direct-view LED wall technology will record a significant demand over 2024-2032, due to exceptional optical characteristics, scalability to any size & shape, and seamless images. The adoption of LED displays, utilizing a surface array of LEDs rather than LCD panels for actual display pixels, deliver superior contrast, vibrant colors, and brightness levels, impelling the segment growth.
Based on the deployment model, the indoor LED video walls segment is set to register stellar expansion through 2032, driven by the ongoing advancements in surface-mounted LED screens. Adoption of indoor displays is escalating owing to the high-resolution imagery and availability in multiple designs and shapes. With increasing expenditure on at-home educational and entertainment setups, indoor LEDs are set to become prevalent in the upcoming years.
The retail segment is poised to amass sizeable market share 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. This is not only for promotional purposes but also to aid shoppers with information regarding products, further favoring the segment growth.
Asia Pacific LED video walls market size is set to record notable growth from 2024-2032 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 the demand for LED video walls in the region, creating lucrative growth opportunities for the industry players.
LED Video Walls Market Share
The competitive landscape of the global LED video walls industry includes:
- Toshiba Corporation
- Planar (Leyard, Leyard American Corporation)
- Samsung Electronics Co. Ltd. (Samsung Group)
- Koninklijke Philips N.V.
- LG Display Co. Ltd
These companies are expanding their product portfolios with new and advanced offerings for scaled revenues.
LED Video Walls Industry News
- In June 2023, Samsung Electronics America, Inc., a leader in the global display market, announced its new digital signage lineup, including The Wall Virtual Production, Samsung Kiosk, Windows Edition, and Samsung’s Interactive Display – WAC Series at InfoComm 2023 in Orlando, USA.