Video Walls
Global Video Wall Market to Reach $67.1 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Video Wall estimated at US$17.2 Billion in the year 2020, is projected to reach a revised size of US$67.1 Billion by 2027, growing at a CAGR of 21.4% over the analysis period 2020-2027. Housing, one of the segments analyzed in the report, is projected to record a 20% CAGR and reach US$25.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Installation segment is readjusted to a revised 21% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 20.7% CAGR
The Video Wall market in the U.S. is estimated at US$4.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.6 Billion by the year 2027 trailing a CAGR of 20.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.9% and 18.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.
Video Wall Displays Segment to Record 22.8% CAGR
In the global Video Wall Displays segment, USA, Canada, Japan, China and Europe will drive the 22.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$11.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
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