The Global LED Video Wall Retail Market size is forecast to reach $35.56 billion by 2027, growing at a CAGR of 10.52% from 2022 to 2027. The transition of the advertising sector from the conventional method to digital media such as LED billboards and digital hoarding boards for marketing and promotional activities is positively impacting the LED video wall market across the globe. A report from Pickcel revealed that by 2023, the media industry marketers would allocate about 50% of their budgets to the digital advertising sectors, making digital signage a major part of it.
The proliferation of Liquid Crystal Display (LCD) panels, LED arrays, and blended projection screens in live concerts and sports events is also considered another prime factor driving the market growth forward. Quick service restaurants are increasing the adoption of LED video walls to display their menu on digital boards, which in turn is augmenting the LED Video Wall market growth. In addition to that, the growing need for displaying various information such as the arrival and departure of buses, flights and trains to get improved transparency has enhanced the demand for indoor Light Emitting Diode (LED) displays. Moreover, many racing, casino and sporting event facilities are incorporating sports and race books into spaces and are including LED video walls and tickers to keep fans and bettors informed. Furthermore, the growing demand for immersive and interactive screens integrated with augmented reality technology (AR) for enhanced customer satisfaction in retail stores is also adding to growth.
LED Video Walls Market Landscape
Product innovations, acquisitions, partnerships and R&D activities are key strategies adopted by players in the LED Video Walls market. The top 7 companies in the LED Video Walls Market are: