Video Walls Market - Introduction
Video walls are devices which consist of multiple displays which comprise computer monitors, video projectors, and television sets that overlap with each other to form one large screen display. A video wall monitor helps to enhance the user’s ability to understand, see, and share information with other departments. Video walls come in different forms: laser video walls, LCD video walls, LED rear-projection video walls, and LED video walls. Video walls are used in different places such as control rooms, in enterprises, and in stadiums. Additionally, various technologies used by video walls service providers include direct view LED arrays, laser phosphor displays, LCD panels, blended projection screens, and rear projection cubes. Video walls have several advantages such as displaying digital signage, watching multiple things at once, video conferencing and displaying marketing and security messages.
Growing integration of advanced technologies in video walls are helping video wall manufacturers to provide high resolution, quality, and automatic calibration technology. Additionally, it provides automatic brightness and color display settings. Today, the trend of video walls is shifting from retail, restaurants/bars, and the entertainment industry to education and healthcare industry.
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Video Walls Market – Competitive Landscape
LG Display Co., Ltd.
Founded in 1985, LG Display Co., Ltd. has its headquarters in Seoul, South Korea. The company manufactures and sells organic light emitting diode (OLED) and liquid crystal display (TFT-LCD) technology-based display panels worldwide. LG Display Co., Ltd. is a subsidiary company of LG Corporation.
Incorporated in 1946, Sony Corporation is located in Tokyo, Japan. The company offers its products and services in consumer electronics, games & network services, entertainment, and financial services. Rising adoption of digital technologies is increasing the demand for portable devices which is expected to help the company increase its value in the market.
Founded in 1918, Panasonic Corporation is located in Osaka, Japan. The company manufactures and sells electrical and electronics products. The company also produces car navigation systems, electronic parts, digital devices, telecommunications, computer peripherals, industrial equipment, and home appliances. Panasonic Corporation sells its products across the world.
Delta Electronics, Inc.
Founded in 1971, Delta Electronics, Inc. is located in Taipei, Taiwan. The company provides power and thermal management solutions globally. It operates its business in three segments: automation, infrastructure, and power electronics. In the power electronics segment, the company offers various products and solutions such as inductors, networking products, power modules, and LED drivers.
NEC Display Solutions, Ltd.
Founded in 2000, NEC Display Solutions, Ltd. is located in Tokyo, Japan. The company develops, manufactures, and sells visual display products and solutions through its subsidiaries. Moreover, it also provides digital cinema projectors, large screen monitors, information and signs, and IT monitors for use in offices. The company’s products are used in various business applications such as during conferences, in lecture rooms and control room solutions.
Some of the other key players operating in the global video walls market include Koninklijke Philips N.V, Barco, Prysm, Inc., Shenzhen CLT LED Technology Co., Ltd., Christie Digital Systems USA, Inc., and NAVORI Digital Signage Software.
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Video Walls Market – Dynamics
Increase in product offering services
Service providers are focused on product offerings as competition is increasing in the video walls market, Therefore, companies are producing more differentiated products than the competitors, which is helping video walls market to grow. Moreover, as technology improves, the product cost also comes down, which drives the video walls market.
Technological advancement creating an opportunity for the video walls market
Technological developments such as near field communication, touch screens, and other technologies (IoT and 3D displays) have created considerable opportunities for the video walls market. Additionally, increasing technologies such as artificial intelligence, big data, and machine learning is also expected to help the growth of the video walls market.
Video Walls Market – Segmentation
The video walls market can be bifurcated on the basis of:
- Component Type
- Display Type
Video Walls Market Segmentation – By Component Type
Based on component type, the video walls market can be divided into:
Video Walls Market Segmentation – By Display Type
In terms of display type, the video walls market can be classified into:
- Others (LPD & DLP )
Video Walls Market Segmentation – By Industry
Based on industry, the video walls market can be divided into:
- Government & Public
- Retail & Consumer Goods
- Travel & Hospitality
- Media & Entertainment
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