A video wall is a type of display that projects text, images, or films for personal or business use. The multi-screen display known as a video wall is made up of a number of computer monitors, video projectors, or television sets with narrow bezels. The displays are combine together to create a big unified screen. It has a higher resolution, more display versatility, and is easier to maintain. Broadcast, data monitoring, defense, public & emergency services, telecommunication, and other applications are among the video wall's diverse end uses. High-resolution and high-brightness video walls are available. A sophisticated processing and computing system supports many display screens. It's a trustworthy, integrated package for data monitoring, interactive presentations, media & broadcasting, and security surveillance because it's a sturdy, low-maintenance system. The rise in demand for sports stadiums, open theatres, and live concerts in the broadcasting, media, and entertainment sectors. The increased use of video walls in the broadcasting sector to exchange and broadcast information in an interactive situation is fueling global market expansion. In the research industry, the simplicity with which data may be shared is critical, which is made feasible by Video walls.
Region Analysis:
The Asia-Pacific region is one of the fastest-growing and most innovative markets in the world, owing to shifting consumer preferences and increased market innovation. According to Zenith's Advertising Expenditure study, the APAC region will also become the largest contributor in the global ad spend industry by 2020. Many multinational corporations are growing their footprint in the region as a result of the considerable potential. They are doing so through product launches or strategic alliances.
Key Highlights:
- LG Business Solutions USA introduced two new 55-inch LCD video wall panels with a 0.44mm bezel for completely seamless video wall installations, as well as a new inbuilt Smart Calibration tool that cuts installation and maintenance time in half. This saves up to 97 percent on time and maintenance costs.
- LVD5521B was released by Barco NV in March 2019. The company has expanded its product options in the video wall area with this launch. Control rooms, broadcast studios, corporate lobbies, experience centers, meeting rooms, and other signage applications can all benefit from this video wall.
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Key Market Insights from the report:
Video Wall Market accounted for US$ 16.78 billion in 2020 and is estimated to be US$ 49.91 billion by 2030 and is anticipated to register a CAGR of 11.50%. The global video wall market is segmented based on product, vertical, application, and region.
- Based on Product, Global Video Wall Market is segmented into LCD, LED, and others.
- Based on Vertical, Global Video Wall Market is segmented into Retail, Corporate, Government, Healthcare, and Others.
- Based on Application, Global Video Wall Market is segmented into Indoor Advertisement, Outdoor Advertisement, Menu Board, and Billboard.
- By Region, the Global Video Wall Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Video Wall Market:
The key players operating in the global video wall market includes LG Display Co. Ltd., Panasonic Corporation, Samsung Electronics Corp. Ltd., Sony Corporation, NEC Display Solutions, Koninklijke Philips N.V., ViewSonic Corporation, Acer Inc., Panasonic Corporation, and Planar Systems Inc.
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