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. But due to the current COVID-19 pandemic there might be a slight difference in the growth rate in the present year. The main reason that is creating a high demand for this is because of its resistance against the 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 smooth flow of information for 24/7 operations.
Global LED Video Walls Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global LED Video Walls Market has been segmented into deployment technology, application, end-use. By Deployment Technology – Hardware Based LED Video Walls, Software Based LED Video Walls, Network Operated LED Video Walls. By Application – Streaming Application, Indoor Streaming, Outdoor Streaming, Advertising Applications, Billboards, Hoardings, Others. By End-Use – Banking & Financial Institutions, Educational Institution, Media & Advertising, Transportation & Logistics, Sports & Entertainment. By Geography – North America, South America, Europe, Asia Pacific, Middle East and Africa.
By Region, Europe Is Holding The Major Market Share
The Global LED Video Walls Market has been geographically segmented into North America, Asia Pacific, South America, Middle East, and Africa region. Besides this Europe Global LED Video Walls Market is holding the major market share at present and is estimated to show high compound annual growth rate in the upcoming forecasted period. this is mainly because the increased number of live concerts, sporting events, corporate exhibitions has led to the growth of the market in this region. besides this North America is also expected to witness remarkable growth during the forecasted period.
Major Players In Global LED Video Walls Market
Some of the major players in 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:
Global LED Video Walls Market, By Deployment Technology
Global LED Video Walls Market, By Application
Global LED Video Walls Market, By End-Use
Global LED Video Walls Market, By Region