According to TrendForce's 2022 global LED video wall market outlook and price cost analysis, with the slowdown of the COVID-19 outbreak, the global LED video wall market has seen a strong rebound in demand between 2Q21 and 3Q21. Markets severely affected by the 2020 pandemic will recover particularly strongly in 2021, including commercial leasing, stadiums, corporate and education, and outdoor displays. According to TrendForce analysis, the size of the LED video wall market may reach 6.351 billion U.S. dollars in 2021 (a year-on-year increase of 14.9%), and it will jump to 12.017 billion U.S. dollars in 2025.

TrendForce said that with the increase in vaccination rates, countries around the world have begun to lift the blockade restrictions; commercial and sports events such as the UEFA Champions League and the Tokyo Olympics have returned, thus driving overall market demand. In addition, due to the rising cost of upstream materials such as LEDs, driver ICs, and PCBs, major LED video wall manufacturers have increased product prices to ensure basic profits. The price increase also implies that these leading companies are optimistic about future market demand.

Indoor display: The demand for high-resolution and HDR products has driven steady sales growth in corporate and educational spaces, movie theaters and home theaters, and virtual production video walls. Benefit from the government's stimulus package, the display application in the control room will once again become the focus of attention. In addition, the transparent display of retail stores can bring an "unimaginable" visual feast to all shoppers.

Outdoor display: Thanks to the government's stimulus package, the market demand for transportation and billboards/landmarks will continue to grow steadily from 2021 to 2022. In particular, applications for outdoor fine-pitch displays are expected to include high-end commercial advertising displays (for example, street furniture, bus shelter displays). In addition, the highly realistic HDR technology of the naked-eye 3D display has successfully improved the urban landscape and attracted the attention of pedestrians.