TV Wall Market Size, Share, Growth, and Industry Analysis by Type (LCD, LED, Rear Projection (DLP), PDP), by Application (Security, Industrial, Government), and Regional Forecast To 2031

Updated On: 15 April 2024

TV Wall Market Report Overview

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The global TV Wall market size was 9923.8 million in 2020. As per our research, the market is expected to reach USD 32210.17 million in 2031, exhibiting a CAGR of 11.3% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with vacuum coater market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

TV wall is fixing television to wall or ceiling poles. Fixing a TV at a higher level helps in preventing it from children and pets and eliminates the risk of damage. In commercial spaces, installing TVs at height is of vital impact, restricting entrance only to authorized individuals. Another important benefit offered by TV wall is safeguarding the TV set. Fixing it on the wall helps to place the TV in a secured location, thus, securing today’s highly fragile television sets. The residential sector is witnessing an increase in the installations of TV wall due to increasing purchase of flat screen TVs as well as rising living standards of people. Increasing development in most of the developing nations as well as the developed nations have led to the increased residential constructions. This has resulted in increased demand for TVs, which has shown a positive impact in the growth. Development of new and innovative products, targeting new customers are expected to create significant opportunities for the market. Increasing spending power of consumers has propelled the sales of TV wall market. The customers use these TV wall to save space as well as enhance their house decoration. Increased per capita income of people have led to rising affordability of people residing in country to purchase new technology TV replacing old one.  TV walls are fixed in commercial spaces such as retail stores, hospitals as these compromise multiple screen, real-time applicable content allotment as well as touch screen interactivity to motivate flexible customer engagement. Participating are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

Covid 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. Covid 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

TV Wall Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into LCD, LED, rear prejection (DLP), PDP

LCD capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into security, industrial, government

TV wall market players cover segment as industrial will dominate the market share during forecast period.

Driving Factors

"Rise in several advantages to boost the market growth"

With improvements in the TV screen technology the innovative TVs are now lighter and thinner than before which permits the users to stand them on the wall easily. One of the major benefits offered by TV wall is space-saving.  TV wall fixed at a right angle as per the accessibility of the user allows in preventing eye or neck strain.

"Demand for light weight TV to upsurge the market."

TV wall are suitable and space-saving solutions for lightweight TVs, including LCD, LED. Increased demand for TVs has a positive impact in the growth of the TV wall market. Growing infrastructure development worldwide predominantly in the developing economies the growth of TV installation is increasing. This has resulted in increasing demand for TV wall. These stands are easiest to install and economical as compared to other TV mounts. These fixed wall mounts have an open architecture construction which offer the TV with augmented airing. 

Restraining Factors

"High cost of installation to hamper the market growth"

High cost is hampering development of TV wall market. Problems including the high installation prices of TV wall and maintenance hampers the growth. High initial cost, complex procedure and upkeep condition are involved in the restraining factors. Lack of knowledge and shortage of experts is also another factor which is depleting the market growth.

TV Wall Market Regional Insights

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"Asia Pacific to dominate the region due to technological development"

Asia Pacific is further expected to witness growth in the TV wall market share. The region is dominating the market due to altering consumer likings with increasing innovation in the market. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Barco (Belgium)
• Christie (U.K.)
• Daktronics (U.S.)
• Lighthouse (U.S.)
• Mitsubishi Electric (Japan)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.