Emerging Markets to Lead the Growth in Video Walls Industry by 2033

 The video walls market is set to expand rapidly in the coming years. By 2023, it’s estimated to be worth about USD 8,388.81 million and by 2033, it could grow to around USD 22,767.9 million, with a steady yearly growth rate of 10.5% from 2023 to 2033.

North America, especially the U.S., is expected to play a significant role in this growth. The U.S. is seen as a prime location for digital advertising and investments, driving sales revenue in the video walls market through 2033.

The utility for desirable features such as high resolution, enhanced brightness, powerful processing/computing systems, and low maintenance requirements have made video walls a reliable channel for interactive presentations, broadcasting, and security surveillance.

Request a Sample Report to Learn about Recent Video Walls Market:
https://www.futuremarketinsights.com/reports/sample/rep-gb-6423

In recent times, the media & broadcasting industry has flourished, increasing video wall applications in sports stadiums, open theatres, and concerts. Video walls are in demand for their superior user experience, propelled by the integration of the latest technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT).

Video walls are finding extensive application in smart cities, across airports, railways, bus stations, and so on. There is a rise in demand for digital content channels targeting travelers. Video walls also tend to find essential applications in the research industry for seamless data sharing.

Factors such as the high cost of installations, competition from adjacent market segments, and consumer dissatisfaction due to irregular display experiences between multiple screens hamper the market growth. As a result, the CAGR has depreciated to 13.2% from the previously recorded CAGR of 18.1% between 2017 and 2022.

Key Takeaways from the Video Walls Market Report:

  • The United States currently dominates the regional market with a global video walls market share of 37.7% US$ 3.4 Billion in 2023.
  • United States is expected to record the highest CAGR during the forecast period at 13.1%
  • LED video walls are expected to register a CAGR of 12.8% during the forecast period
  • The China market is expected to reach a valuation of US$ 2.2 Billion by 2033
  • The United States market is projected to achieve a revenue of US$ 11.8 Billion by 2033, with the highest growth of US$ 8.4 Billion over the forecast period
  • The UK market is expected to reach a value of US$ 1.3 Billion by 2033 at a CAGR of 12.5% between 2023 and 2033.

Important Market Developments:

  • In January 2020, LG Business Solutions USA launched two new 55-inch LCD video wall panels with 0.44mm bezels. This aids in enhanced video wall installations. The product also features a new embedded Smart Calibration tool that helps cut down on both installation and maintenance, for significant time and cost savings.
  • In August 2020, Primeview introduced FusionMAX LED Video Walls. This enhanced product variant features a 32:9 Aspect Ratio. It also comes with the world’s first 38401080-pixel resolution, bezel-free panel display. It aids in eliminating the most common custom video wall issues.
  • In 2022, Planar announced that it aims to launch a diverse portfolio of emerging broadcast technologies at NAB 2022. This encompasses diverse technologies such as cutting-edge fine-pitch LED display solutions for in-camera virtual production and advanced motion capture (Mocap) solutions for fine camera tracking.

Major Key Players:

  • Samsung Electronics Co., Ltd.
  • NEC Display Solutions
  • Koninklijke Philips N.V.
  • Barco
  • Leyard
  • Panasonic Corporation
  • Christie Digital Systems USA, Inc.
  • Delta Electronics, Inc.
  • AU Optronics Corp.
  • Navori SA
  • Prysm, Inc.
  • Unilumin
  • Shenzhen CLT LED Technology Co., Ltd

Video Walls Market Segmentation:

By Component:

  • Video Walls Hardware
  • Video Walls Software
  • Video Walls Services

By Display Technology:

  • LED Video Walls
  • LCD Video Walls
  • Others

By Industry:

  • Government & Public
  • Retail & Consumer Goods
  • Travel & Hospitality
  • Education
  • Healthcare
  • Media & Entertainment
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East and Africa

Comments

Post a Comment

Popular posts from this blog

Integrated Microwave Assembly Market 2023 | Increasing Demand for Efficient Management Practices Report 2030

The study focuses on the important market growth factors as well as the obstacles that industry participants face. The  Integrated Microwave Assembly Market  research study also includes global market size and predictions. In addition, the study examines the competitive environment, important players, and strategies. The research's competitive landscape section looks at the most recent market changes. This research report examines the international market in terms of product type, end user, and main geographical areas. Integrated Microwave Assembly Market Size was valued at USD 1.58 billion in 2022 and is expected to reach USD 2.67 billion by 2030, and grow at a CAGR of 6.7% over the forecast period 2023-2030. The most recent Integrated Microwave Assembly market research offers full information on worldwide business, industry trends, and significant industry numbers for leading manufacturers. Expert guidance is included in the report to assist clients focus and make better distribu
Read more

Entertainment Transcription Market 2021 | Scope of Current and Future Industry 2028

Image
  The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the  Entertainment transcription Market . The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2028.   The team of researchers at Future Business Insights are focusing on research and market study to produce different Entertainment transcription Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Entertainment transcription Market. For Information On The Research Approach Used In The Report, Ask Analyst @   https://www.futuremarketinsights.com/askus/rep-gb-7167 Key Vendors Examples of some of the market parti
Read more

The Evolution of Smart Learning Spaces: Interactive Whiteboards in 2030

 The  interactive whiteboard market  is expected to positively impact by the ongoing covid-19 outbreak. Lockdown measures have forced businesses to adopt work from home policies, and educational institutions have been forced to temporarily shutdown operations, or provide online education facilities. These factors will generate fairly lucrative opportunities for interactive whiteboard developers, aiding market developments throughout the crisis. Interactive Whiteboard Market – Important Takeaways Infrared technologies are finding increasing roles in interactive whiteboard products, owing to higher demand for multi-touch features in corporate and educational applications. Portable interactive whiteboards are highly sought after, owing to independence from external support infrastructure. Asia Pacific is witnessing a high growth rate in the adoption of interactive whiteboards driven by favorable government initiatives towards online education. Request a report sample @ https://www.futurem
Read more