According to a new market research report published by sheer analytics and insights, “The Global LED Video Walls Market was $14.3 Bn in 2020, and it is expected to reach $31.3 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 7.2% between 2021-2031”, as per the latest market research report titled Global LED Video Walls Market – Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
This market today are gaining more popularity because of the increased utilization in concerts, sports, events, promotional activities. The main reason that is creating a high demand for this is because of its resistance against outdoor conditions like intense sunlight, rain, etc. The upcoming trend in the market is the Narrow Pixel Pitch (NPP) LED that is made to give a smooth flow of information for 24/7 operations. The expected lifetime of these video walls is of about 100,000 hours that is equal to more than 11 years of operation. The COVID-19 pandemic has created a negative impact on the market.
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Geographically, The Global LED Video Walls Market is divided into global regions like North America, Europe, Asia- Pacific, South America, Middle East, and Africa.
Major Players In Global LED Video Walls Market
Some of the major players in the Global LED Video Walls Market include Koninklijke Philips, Samsung Electronics, Panasonic, Sony Corporation, Delta Electronics, Planar, DynaScan Technology, LG Display, Toshiba Corporation, Barco N.V.
The Global LED Video Walls Market Has Been Segmented Into:
By Deployment Technology
- Hardware-Based LED Video Walls
- Software Based LED Video Walls
- Network Operated LED Video Walls
- Streaming Application
- Indoor Streaming
- Outdoor Streaming
- Advertising Applications
- Banking & Financial Institutions
- Educational Institution
- Media & Advertising
- Transportation & Logistics
- Sports & Entertainment
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- South Africa
- Rest of LAMEA
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