The worldwide portable video wall market is conjecture to be evaluated at US$ 12,788.0 million by 2032, up from US$ 4,625.0 million out of 2022, progressing at a CAGR of 10.7% during the estimate time frame.
The rise of advanced and digital technology has led to the increased adoption of portable video walls. The portable video wall is a large electronic display, driven by powerful processing and computing system. Besides, portable video walls are designed to display high definition digital content in indoor and outdoor.
In today’s fast paced changing environment, technology plays a crucial role in marketing and communication. Portable video walls are creating a better display options for promotion, entertainment and communication. In recent years, technological advancements in portable video wall has gained favor in various industry verticals such as sports, retail, entertainment, education and others.
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In addition, increase adaptation in sports and entertainment and broadcast industry across the globe is resulting in the quantitative increase in demand of portable video walls. A portable video wall is array of multiple computer monitors, video projectors, or television sets connected together contiguously or overlapped in order to form one large screen and each screen shows a part of the whole picture.
Portable Video Wall market: Drivers and Challenges
The major growth drivers of the portable video wall market include enhanced digital advertisement and a shift to larger screens in professional displays. In addition, Use of Portable Video Wall in various industry verticals shall drive the growth of Portable Video Wall market.
Adaptation due to increased various international events (Olympics and fifa world cup) across the globe has led to growth of the Portable Video Wall across the globe. However, the major challenge faced by the Portable Video Walls providers are high cost and discrepancy in demand-supply ratio for LCD panels, may hamper the growth of the portable display market across the globe.
Portable Video Wall market: Segmentation
Global Portable Video Wall Market can be segmented as:
Portable Video Wall market Segmentation on the basis of Product Type:
Global portable video wall market on the basis of product type segmented into LCD portable video wall and LED portable video wall. LCD video walls are the most widely adopted technology in the market. Liquid crystal displays (LCDs) are flat panel displays composed of a layer of liquid crystals aligned between two polarizing filters and light emitting diode (LED) displays are made by arranging hundreds of LEDs directly on the glass panel.
Portable Video Wall market Segmentation on the basis of Industry:
Portable Video Wall market can be segmented on the basis of industry, means areas where Portable Video Wall are used. By industry includes sports, retail, education, healthcare and others.
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Portable Video Wall market: Competition Landscape
Portable Video Wall market: Key contracts
Key Contracts in Portable Video Wall market are as:
- In March 2016, LG Display Co. Ltd., a South Korean multinational electronics company, unveiled the next generation display solutions for businesses in India. The company launched narrowest bezel video wall with 86” Ultra stretch display (58:9) and webOS based solutions.
Portable Video Wall market: Key Players
Some of the major players in Global Portable Video Wall Market Samsung Electronics Co. Ltd., LG Display Co. Ltd., Acer Inc., NEC, Panasonic Corporation, Barco, Sony Corporation, Toshiba Corporation, Sharp Corporation, Leyard Optoelectronic, ViewSonic, Planar Systems, Inc. and Philips
Portable Video Wall market: Regional Overview
North America is holding the largest market share for Portable Video Wall market due to technological advancements in enterprise, rising adaptation of portable video walls in various international sports events. Due to high adaptation in various industry verticals in Asia Pacific will hold maximum market share for Portable Video Wall in near future.
Europe is fastest growing market for Portable Video Wall due to use of portable video walls in effective communication. Sturdy economic progress, driving the growth of Portable Video Wall market in MEA region. The Demand for Portable Video Wall market has risen dramatically over the past 2 years globally.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Key Segments in the Portable Video Walls Market
- Video Wall Displays
- Content Management
- Menu Board