Global LED Video Walls Industry Projected to Reach $53.03 Billion by 2032, Growing at a CAGR of 10.2%
Technological advancements and strategic initiatives taken by key players in the market have been driving the LED video wall industry at a significant level. With demand for large, high-quality displays growing across applications and end-user industries such as retail, entertainment, corporate settings, and public venues, top players in the display industry are reinforcing their market position through innovation, mergers and acquisitions, and heavy investments.
The market for LED video walls was estimated to be worth USD 24.38 billion in 2024. From 2025 to 2032, the total income from LED video walls is projected to increase at a compound annual growth rate (CAGR) of 10.2%, reaching around USD 53.03 billion.
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Top 5 Companies Market Share
Samsung Electronics: As a leader in the global LED video wall industry, Samsung is known for its high-quality displays and advanced technology. In fact, the company's ability to create ultra-thin bezel displays and tailoredsolutions have cemented its place in multiple sectors of activity -in retail to corporate.
LG Electronics: LG makes offer a wide variety of flexible, scalable and high performance LED video wall products. LG’s displays, geared towards immersive visual experiences, are designed for use in transportation hubs, companies, shopping malls and sports arenas.
Visix: Visix boards help to share the messages you need in your organization with an evocative visual experience. It delivers visualization products across control rooms, digital signage, and live event solutions with a view of maximizing reliability and seamless integration of its products.
NEC Corporation: NEC provides a complete line of LED video wall solutions designed for broadcasting, corporate communications, and entertainment applications. Their high-definition and integration displays deliver high-resolution and scalable solutions to engage with customers.
Daktronics: Daktronics specializes in large-format digital displays. The company’s primary markets focus on billboard and advertising, sports stadiums and venues, and transportation networks. As such, their products are renowned for its ruggedness, visibility outdoors, and resolution quality.
Recent Transactions: Mergers and Acquisitions
Penn Spring Capital Acquires Refresh LED: PennSpring simultaneously announces the acquisition of Refresh LED, a national supplier of top-end LED video walls & displays underpinned by video wall processor technology in October of 2024. Refresh LED, which started in 2019, services houses of worship, universities and commercial clients. This acquisition enables PennSpring to take advantage of the growing North American LED video wall display market which has an estimated current value of $6.5 billion and is expected to be nearly $10 billion by the year 2031.
Technology Developments and Product Launches
Samsung The Wall Series: Samsung launched its first modular, customizable and ultra-high-definition display using MicroLED technology, dubbed "The Wall" series. These technologies provide sharper images and more flexibility for installations in a wider range of environments.
Barco’s UniSee Technology — Barco rolled out enhancements to its LED video wall solutions using UniSee technology, optimizing brightness, color consistency and user experience. Designed as a complete high-end system that can be easily integrated into any control room setup.
NEC Enhances LED Video Walls: NEC Corporation has announced improved LED video walls with enhanced processing, high resolutions, and energy-efficient features, propelling the company into a leading position within the industry.
Market Leadership of Unilumin: Unilumin's 2023 revenue reached RMB 7.41 billion, up 4.73% YoY, and net profit grew 127.06% to RMB 144 million. Overall gross margin for the company was up 2% to 28.8%. With a commitment to technology (COB MIP (Mini/Micro LED Integrated Packaging) technology) and a world-class marketing network covering 160 countries, Unilumin's performance is impressive.
Conclusion
Leading companies in the LED video wall market possess key advantages that have positioned them for dynamic growth. By innovating, acquiring complementary businesses, and investing heavily, these companies are increasing their competitive position and responding to the changing demand for quality large-format displays around the world.
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