LED Video Walls Market

LED Video Wall Market Outlook (2024 to 2034)

The global LED video wall market is estimated to reach US$ 3.71 billion in 2024 and expand at a CAGR of 9.4% to end up at US$ 9.11 billion by 2034.

With the emergence of out-of-home (OOH) advertising, the demand for LED video walls has increased notably. The growing requirement to display various information regarding several demands such as the arrival and departure of buses, flights, and trains has enhanced the demand for indoor LED video walls. Also, the requirement to display information about several items in auditoriums, shopping malls, and others, is strengthening the market for LED Video walls during the assessment period.

Moreover, the increasing penetration of LED video wall displays in advertising and media is leading to market expansion. In addition, the rising number of outdoor events such as political rallies, sports events, and others are some other salient causes strengthening the market in the forecast period. In addition, there has been a rise in the demand for low-power consumption electronic equipment with HD quality, which is also benefitting the market growth.

• In North America, both the prominent markets in the United States and Canada are forecasted to advance at a CAGR of 9.2% between 2024 and 2034. Making them a key country market in the eyes of leading players.
• The South Korean market in East Asia is forecasted to progress at a CAGR of 11% between 2024 and 2034, which is even higher than a few of the most prominent countries in East Asia including China and Japan.
• There are varieties of applications for LED video walls; among these few of the most, popular ones include commercial buildings, airports, retail, and sports. Further, the retail industry is creating lucrative opportunities for manufacturers of LED video walls.

Report Attribute	Detail
LED Video Wall Market Size (2024E)	US$ 3.71 Billion
Forecasted Market Value (2034F)	US$ 9.11 Billion
Global Market Growth Rate (2024 to 2034)	9.4% CAGR
East Asia Market Value (2034F)	US$ 2.37 Billion
North America Market Share (2034F)	31.5%
Media & Entertainment Segment Value (2034F)	US$ 911.1 Million
United States Market Value (2034F)	US$ 1.31 Billion
Key Companies Profiled	Barco NV; Daktronics, Inc.; LG Display Co. Ltd.; Leyard Optoelectronic Co. Ltd.; Delphi Display Systems, Inc.; Leyard; Christie Digital Systems; Mitsubishi Electric; Absen; Unilumin; Lighthouse Technologies; NEC Display Solutions; Samsung Electronics Co. Ltd.; LG Electronics; Panasonic; Toshiba; Sharp Corporation; Philips; Sony Corporation; Cree, Inc.; Osram; Nichia Corporation; Seoul Semiconductor.

What is Accelerating the LED Video Wall Market Growth?

“Increasing Trends of Signage Systems with IoT and AI Boosting Market Opportunities”

Several enterprises are integrating Augmented Intelligence (AI) with LED video walls to offer HD-quality visuals and advertisements over interactive digital signage systems. There has been an increasing application of LED video walls with AR at bus stops, airports, and railway stations. Besides, several clothing stores also use interactive screens that allow users to see the dresses without trying them physically. It has offered a large scope for the future market of LED video walls.

Players in the market are working to develop LED video walls that meet the changing demands of consumers. For instance, Planar recently launched a line of fine-pitch LED video wall displays, dubbed Planar DirectLight Ultra Series. The product line is offering a high-resolution display built for excellent visual performance.

Constant developments in technologies such as AI, machine learning, and big-data analytics have offered innovative methods and have stimulated the adoption of LED video walls. For instance, various media houses have opted for interactive LED video walls for presenting news forecasts. Similarly, the posters and holding banners are being replaced with LED video walls, which allows various advertisements against the conventional method of single-board painting.

“Transport Sector Increasingly Using LED Video Walls Enticing More Sales Globally”

The transportation sector is expected to be the most significant consumer of LED video walls. LED video walls witness notable demands from airports, bus stops, and railway stations. The growing demand for digital content and information, which are relevant to passengers, has resulted in ads through a video wall. It is resulting in making a significant share of transportation media revenues.

A large LED display video wall offers cinematic video and updated flight details, check-in, and finding locations through the Automated People Mover (APM) and North Terminal. With the growing shift in consumer choices and behavior, players have been making strategic investments in their products. This is benefitting the market in the coming years.

Which Market Scenarios are Creating Challenges for LED Video Wall Manufacturers?

Key challenges observed in the LED video wall market include higher investment costs and financial fluctuations. The cost of other digital signage methods against LED is cheaper, which is likely to hamper the market growth in the forecast period. Moreover, the initial charges involved in setting up the LED video wall are high, which is acting as a significant restraint to the market during the assessment period. Moreover, the lack of professionalism and expertise, especially in developing countries, is hampering the market expansion, subsequently reducing the LED video wall market size.

However, an increase in investment in interactive displays and R&D in emerging display technology such as Micro-LED and quantum dots are anticipated to act as a potential counter to the restraining factors and offer remunerative opportunities to the market in the coming years.

Country-wise Analysis

As business around the world starts to use more interactive and creative marketing techniques, LED video walls are estimated to be more popular. Some of the major countries contributing to this industry include the United States, Canada, China, Mexico, and South Korea. Among all these, the United States is forecasted to hold a strong LED video wall market share.

What is Increasing the Demand for LED Video Walls in the United States?

“Accelerating Use of LEDs in Advertisements Surging Requirement for LED Video Walls”

Attribute	United States
Market Value (2024E)	US$ 544.8 Million
Growth Rate (2024 to 2034)	9.2% CAGR
Projected Value (2034F)	US$ 1.31 Billion

The United States is among those countries that have a high presence of business from all sectors including healthcare, automotive, and IT. These businesses use creative and attractive marketing techniques to attract customers. Customers generally love the LED display of products, as they are visible from far away. Businesses make sure to invest in modern advertisement techniques such as 3D LED displays to stand out from the competition, which is leading to the increasing sales of LED video walls around the country. Manufacturers in the market are also focusing on covering other potential areas such as the development of signboards to expand their customer base.

What is Leading to the High CAGR Demand for LED Video Walls in China?

“Use of LED Video Walls Becoming Common in Museums and Concerts”

Attribute	China
Market Value (2024E)	US$ 426.4 Million
Growth Rate (2024 to 2034)	10.2% CAGR
Projected Value (2034F)	US$ 1.12 Million

The country has some of the most famous museums including the National Museum of China in Beijing, which has significant pieces of precious relics and artifacts on display. This display often uses LED video walls to provide an idea to customers about something inside the museum. Added to this, people are also using these walls in concerts to display a larger version of what is going on stage. All these factors are fueling the market growth in the country, allowing manufacturers to make a huge sum of profits.

Category-wise Evaluation

The market is segmented into a variety of categories including installation types and applications. LED video walls are being employed in places including retail, airports, media and entertainment, sports, and auditoriums.

Which LED Video Wall Installation Type is Becoming More Common Worldwide?

“Increasing Outdoor Use of LED Video Walls Compared to Indoor”

Attribute	Outdoor
Segment Value (2024E)	US$ 1.37 Billion
Growth Rate (2024 to 2034)	10.3% CAGR
Projected Value (2034F)	US$ 3.64 Billion

The use of LED video walls in outdoor settings has become increasingly common worldwide. These large-screen displays are being widely employed in outdoor settings such as advertising billboards, sports stadiums, concert venues, and public squares. The high brightness and durability of LED video walls make them well-suited for outdoor use, allowing for vivid and dynamic visual displays even in different weather conditions. Additionally, the ability to create large-scale and eye-catching visuals makes LED video walls a popular choice for outdoor applications

Which Applications of LED Video Walls Are Increasingly Getting Common?

“Widespread Installation of LED Video Walls in Sports Field”

Attribute	Sports
Segment Value (2024E)	US$ 1 Billion
Growth Rate (2024 to 2034)	9% CAGR
Projected Value (2034F)	US$ 2.37 Billion

LED video walls are utilized for showing live game action, instant replays, statistics, player profiles, and engaging visual effects during sporting events. Moreover, LED video walls are employed for delivering sponsor advertisements, promotions, and interactive content, contributing to overall fan engagement and providing valuable commercial opportunities for sports organizations and advertisers. The widespread use of LED video walls in the sports industry underscores their significant role in elevating the visual presentation and entertainment aspects of live sports events; as a result, it is becoming a new LED video wall market trend.

Business Competition

Key players in the LED video wall industry are focusing on launching new products including.

• It is anticipated that Barco NV's TruePix, an innovative LED video wall, will transform LED video walls in May 2022. This gadget delivered a high-end visual experience that ensured a fantastic and long-lasting viewing experience with the aid of cutting-edge smart engineering.
• April 2022: The plan to develop an extensive array of state-of-the-art broadcast technologies at NAB 2022 was recently disclosed by Planar, a renowned visualization technology firm based in Oregon, the United States. The business will provide cutting-edge innovations for broadcast needs. Modern motion capture (Mocap) technology for precise camera tracking and state-of-the-art fine-pitch LED display systems for in-camera production will be covered in detail.
• Viewsonic introduced the first 135-inch foldable screen all-in-one LED display solution kit for direct-view in June 2022, greatly reducing the container size compared to earlier models by about 50%. It is less costly and easier to carry since it can fit into big passenger elevators and ordinary freight elevators.
• A joint research facility was founded in October 2021 by VA Corporation and LG Electronics for developing an LED wall, which is best suited for in-camera visual effects. A joint research facility was founded in October 2021 by VA Corporation and LG Electronics for developing an LED wall, which is best suited for in-camera visual effects. The new product offers flexibility to filmmakers for producing several scenes and locales in one studio at minimal feasible costs with its cutting-edge technology.
• Samsung Electronics unveiled The Wall for Virtual Production at InfoComm 2023 in June of that year. Pixel pitch choices of P1.68 and P2.1, specific studio frame rates of 23.976, 29.97, and 59.94 Hz, and genlocking-which synchronizes the screen with the video signal of a camera-are all elements of the Wall for Virtual. In addition, the display has a maximum brightness of 1,500 nits, a fixed contrast ratio of 35,000:1 (for P2.1), a refresh rate of up to 12,288 Hz, and broad viewing angles of up to 170 degrees. When combined, all of these characteristics provide virtual material with a degree of image quality never before possible.
• To combine the technology and ideas of the two leading companies in the TV market, LG Electronics and Alphonso announced in October 2023 a substantial investment by LG in Alphonso into LG's smart TV portfolio.

Fact.MR provides detailed information about the price points of key manufacturers of LED video walls positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Segmentation of LED Video Wall Market Research

• By Installation :

  • Indoor
  • Outdoor

• By Service :

  • Installation
  • Repairing/Maintenance
  • Rental

• By Application :

  • Retail
  • Airports
  • Media & Entertainment
  • Sports
  • Auditoriums
  • Commercial Buildings
  • Others

• By Region :

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