Fine Pixel Pitch LED Displays Market
Fine Pixel Pitch LED Displays Market (Type - Up to 3mm, 2mm to 1mm, and <1mm; Sales Channel - Retail Shops, E-commerce Websites, and Direct Sales; Application - Broadcast Screens, Digital Signage, Control Rooms and Monitoring Applications, Visualization and Simulation Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Press Release :
Fine Pixel Pitch LED Displays Market: Snapshot
Design flexibility and the ability to operate on low voltages and a wide range of operating temperatures are some of the key advantages associated with LED solutions. Fine pixel pitch LED displays are increasingly becoming popular in commercial settings due to their advantages such as greater energy efficiency, high quality, and high durability. Continuous research and development has led to the introduction of high-resolution fine pixel pitch LED displays that deliver superior image quality.
The fine pixel pitch LED display market is projected to be valued at US$3.1 bn by 2024, rising from US$677.1 mn in 2015. The market is estimated to expand at a strong CAGR of 15.8% during the forecast period from 2016 to 2024.
E-Commerce Emerges as Attractive Platform for Promotion and Sales
By sales channel, the fine pixel pitch LED displays market comprises retail shops, e-commerce websites, and direct sales. The direct sales segment is anticipated to hold the leading share in 2024 and e-commerce is expected to expand at a remarkable pace during the forecast period. Manufacturers of fine pixel pitch LED displays are focusing on international markets by promoting their products over e-commerce websites to a larger customer base.
The applications of fine pixel pitch LED displays include broadcast screens, digital signage, control room and monitoring, and simulation and visualization. The control room and monitoring application segment is expected to be register a significant CAGR during the forecast period. Fine pixel pitch LED displays offer a higher resolution as compared to other display solutions and hence are anticipated to find high demand in monitoring applications such as control rooms.
Surge in Sporting Events Makes LATAM and MEA Markets Immensely Lucrative
Asia Pacific leads the global fine pixel pitch LED displays market due to the growing presence of LED display manufacturers in countries such as China, Japan, South Korea, and Taiwan. Asia Pacific accounted for around 59% of the total global fine pixel pitch LED displays market in 2015. Fine pixel pitch LED displays are witnessing increasing demand in retail stores, corporate offices, and shopping malls across Asia Pacific. The demand from sporting events is further fuelling the demand for fine pixel pitch LED displays in the region.
North America represents high market attractiveness as compared to other regions. Increasing spending on digital display advertising and out-of-home advertising by most of the major brands in the U.S. and Canada is a key factor driving the growth of fine pixel pitch LED displays in the region.
The Middle East and Africa (MEA) and Latin America are likely to present potential opportunities for fine pixel pitch LED displays in the coming years. The rapid growth in tourism in MEA has aided the hospitality sector and leading players are emphasizing on digital advertising for events and promotions. The 2016 Olympics in Rio de Janeiro, Brazil and other upcoming major sporting events are anticipated to foster the growth of fine pixel pitch LED displays in Latin America.
Key players operating in the fine pixel pitch led display market include NEC Display Solutions, Ltd., Leyard Optoelectronic Co. Ltd., Shenzhen AOTO Electronics Co. Ltd., Panasonic Corporation, SiliconCore Technology, Inc., PixelFLEX LED, NanoLumens, Inc., Christie Digital Systems USA, Inc., Unilumin, Shenzhen Absen Optoelectronic Co., Ltd., Daktronics, Inc., and Barco.
Advertising Mechanisms to Invite Profitable Growth Opportunities for the Fine Pixel Pitch LED Displays Market
The use of LEDs has expanded exponentially due to the awareness among the global populace about the associated benefits. The energy-saving mechanism of LEDs has proven to be an attractive growth factor.
- The surging popularity of LEDs has resulted in a plethora of technological advancements across the sector. The fine pixel pitch LED displays are one of the advancements. These displays offer various benefits. Based on all these aspects, the fine pixel pitch LED displays market is expected to gain good growth opportunities across the assessment period of 2016-2024.
- Fine pixel pitch LED displays are high-resolution displays that are more beneficial as compared to traditional displays. Great durability, enhanced energy efficiency, and superior quality are some of the prominent advantages that help in increasing the growth prospects across the fine pixel pitch LED displays market.
- The utilization of fine pixel pitch LED displays across applications such as digital signage, visualization and simulation, broadcast screens, control rooms and monitoring, and others will bring tremendous growth opportunities during the tenure of 2016-2024.
- Various firms and companies use advertising strategies to increase their revenues. Outdoor advertising plays a crucial role in improving revenues. Fine pixel pitch LED displays are used on a large scale in outdoor advertising mechanisms for attracting good traction. These displays attract considerable attention from prospective consumers. Thus, these aspects bode well for the growth of the fine pixel pitch LED displays market.
- The novel coronavirus pandemic has a large negative effect on the fine pixel pitch LED displays market. These LEDs are used in sports events. The lockdown restrictions on the back of the COVID-19 pandemic banned all sports activities. This factor resulted in a decrease in the demand for fine pixel pitch LED displays. However, the relaxations by the government bodies in lockdown and the large-scale vaccination drives will serve as a relief to the players in terms of increasing their revenues.
The fine pixel pitch LED displays market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast and 2015 is the base year. The report covers all the major trends and technologies playing a key role in the fine pixel pitch LED displays market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said period in terms of revenue (in US$ Mn) and volume (in square meters), across the geographies including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa (MEA). North America comprises of the U.S. and Canada, while Latin America covers Mexico, Brazil, and Rest of Latin America. Western Europe region covers the U.K., Germany, France, Spain, Italy, Nordic, Benelux, and Rest of Europe, while Eastern Europe comprises of Russia, Poland, and Rest of Eastern Europe. Furthermore, the Asia Pacific is divided into China, India, Japan, ASEAN, ANZ, and rest of Asia Pacific. MEA covers Gulf Cooperation Council (GCC), North Africa, South Africa, and Rest of Middle East and Africa.
Key trends have been provided for every geographical segment in the report in order to give a thorough analysis of the overall state of the fine pixel pitch LED displays market, globally. Moreover, the report provides an overview of the various strategies of key players in the market.
The report segments the North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and MEA fine pixel pitch LED displays market on the basis of type into upto 3mm, 2mm to 1mm, and <1mm. Depending on the sales channel, the market is categorized into retail shops, e-commerce websites, and direct sales. Furthermore, on the basis of applications the fine pixel pitch LED displays market is divided into broadcast screens, digital signage, control rooms and monitoring applications, visualization and simulation applications, and others. The report covers average selling price (ASP) for upto 3mm, 2mm to 1mm, and <1mm fine pixel pitch LED displays for the year 2015 and forecasts the ASP for 2024. The report emphasizes on understanding regulations related to LED displays in the global market. Thus, the report provides in-depth cross-segment analysis of the fine pixel pitch LED displays market and classifies it at various levels, providing valuable insights at the macro and micro levels.
The report also highlights the competitive landscape of the fine pixel pitch LED displays market, positioning all the major players according to their geographic presence, solutions/services offered, focus on research and development, and key recent developments. The comprehensive fine pixel pitch LED displays market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the fine pixel pitch LED displays market’s growth.
The major companies profiled in fine pixel pitch LED displays market study include NEC Display Solutions, Ltd., Leyard Optoelectronic Co. Ltd., Shenzhen AOTO Electronics Co. Ltd., Panasonic Corporation, SiliconCore Technology, Inc., PixelFLEX LED, NanoLumens, Inc., Christie Digital Systems USA, Inc., Unilumin, Shenzhen Absen Optoelectronic Co., Ltd., Daktronics, Inc., and Barco. Details such as financials, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
The fine pixel pitch LED displays market is segmented as below:
Fine Pixel Pitch LED Displays Market
- Upto 3mm
- 2mm to 1mm
By Sales Channel
- Retail Shops
- E-commerce Websites
- Direct Sales
- Broadcast Screens
- Digital Signage
- Control Rooms and Monitoring
- Visualization and Simulation
- North America
- The U.S.
- Latin America
- Rest of Latin America
- Western Europe
- The U.K.
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- North Africa
- South Africa
- Rest of MEA