Tourism growing globally to benefit LED video walls at CAGR of 6.2% through 2032

 The global  LED video wall market  is expected to capture USD 5.4 billion during the forecast period of 2022 to 2032, exhibiting a CAGR of 6.2% during that period. The expansion of the market can be attributed to the increasing tourism worldwide. In addition, the form of advertising is also changing from the traditional method to digital media.

Continuous technological advancements and strengthening the integration of LED video walls and AI to deliver HD quality video. There has been significant growth in LED video walls using augmented reality (AR) at bus stops, train stations and airports. Many clothing stores also use advanced interactive screens to allow users to try on dresses without trying them on. advances in technology such as; Big data, machine learning and AI have provided innovative methods and boosted the adoption of LED video walls.

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The transportation sector is expected to be one of the most important consumers of outdoor LED video walls. LED video walls witness significant demand in bus stations, airports and train stations. Orlando International Airport has installed a 700-display video wall that provides check-in, cinematic video, updated flight details and location finder via Automated People Mover (APM) and Northern Terminal.

Highlights of our market research:

– Global LED video wall market expected to reach $2.8 billion in 2021
– Market to secure $3 billion in 2022
– By installation segment, outdoor segment leads the market with 6.1%. CAGR from 2022 to 2032
– By service segment, the rental segment will register a CAGR of 7.6% during the forecast period.
– US market worth $1.1 billion by 2032
– US market expanding at a CAGR of 4.5% from 2022 to 2032
– UK market worth $432.2 million by 2032
– Indian market valued at US value from 2022 $323.6 million by 2032

“Increased demand for large-format displays, increasing internet penetration, and rapid digitization across the entertainment and gaming industries are expected to increase the demand for efficient indoor LED video walls in the future.”

market titan 

  • Barco NV
  • Dactronics, Inc.
  • LG Display Co., Ltd.
  • Leyard Optoelectronic Co. Ltd.
  • Delphi Display Systems, Inc.

competition dashboard

Players in the market are taking different initiatives to secure a front-line position in the global LED video wall market by providing better services and producing innovative products. Some of the recent major developments in the market include:

  • In January 2020, LG Business Solutions  USA released two new 55-inch LCD video wall panels featuring 0.44mm bezels for near-seamless video wall installation and a new built-in smart calibration tool that reduces maintenance and installation time by 97%. I did.
  • April 2022 Planar, a renowned Oregon-based provider of visualization technology, announced plans to prepare a diverse portfolio of new broadcast technologies at NAB 2022. The company will demonstrate modern developments for broadcast production needs . These range from state-of-the-art fine-pitch LED display solutions for in-camera virtual production to state-of-the-art motion capture (Mocap) solutions for fine camera tracking. NAB 2022 is also the first NAB show since the launch of Planar Studios in 2021.

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Fact.MR's LED video wall market forecast

Key segments profiled in the global LED video wall market

Global LED Video Wall Market, By Installation Type:
Indoor LED Video Walls
Outdoor LED Video Walls

Global LED Video Wall Market, By Service:
By Installation, By LED Video Wall
Repair/Maintenance, By
LED Video Wall Rental

LED Video Wall Global LED Video Wall Market by Region:
LED Video Walls in North America LED Video Walls
in Europe
LED Video Walls in Asia Pacific
LED Video Walls in Middle East & Africa
LED Video Walls in South America

more valuable insights 

Fact.MR provides an unbiased analysis of the global LED video wall market with historical analysis from 2015 to 2021 in New Products and forecast statistics for the period 2022-2032. 

The study reveals essential insights based on installation type (indoor, outdoor), service (installation, repair/maintenance, rental), and geography (North America, Latin America, Asia Pacific, Europe, Middle East and Africa). .  

Check out more related studies published by Fact.MR Research . Is-Predicted-To-Advance-at-a-Stupendous-CAGR-Of-30-3-by-2033-Fact-MR-Report.html

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