The revenue generated by the global fine pixel pitch LED displays market is projected to reach US$3.1 bn by 2024, rising from US$677.1 mn in 2015. The market is expected to register a 15.8% CAGR from 2014 to 2024.
Albany, NY -- (SBWIRE) -- 04/09/2018 -- The fine pixel pitch LED displays market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast and 2015 is the base year. The report covers all the major trends and technologies playing a key role in the fine pixel pitch LED displays market's growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market's growth during the said period in terms of revenue (in US$ 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).
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 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.
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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.
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The fine pixel pitch LED displays market is segmented as below:
Fine Pixel Pitch LED Displays Market
2mm to 1mm
By Sales Channel
Control Rooms and Monitoring
Visualization and Simulation
Rest of Latin America
Rest of Western Europe
Rest of Eastern Europe
Rest of Asia Pacific
Middle East and Africa
Rest of MEA
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