Global Fine Pixel Pitch LED Displays Market Driven by Mushrooming Shopping Malls in Emerging Economies

Published Date : Jan 30, 2018

ALBANY, New York, January 30, 2018 - announces the acquisition and availability of a multifaceted business intelligence report on the global fine display pitch LED displays market. The report has projected the demand for fine pixel pitch LED displays to increment at a robust CAGR of 15.8% during the forecast period of 2016 to 2024. The report broadly attributes the prosperity of this market to rapid urbanization across emerging economies, wherein consumer product manufacturers and services providers are resorting to aggressive market strategies to stay ahead in the competition and the advertising market is flourishing. These advertisers readily adopt new technology as it helps them catch attention of targeted consumers and entice sales.  The report is titled “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.”

As per the evaluations of the report, the global fine pixel pitch LED displays market reflected opportunities that were worth merely 677.1 mn in 2015, and has projected it to radically swell up to US$3.1 bn by the end of the forecast period, which is 2024. The analysts of the report have detected that video wall market has expanded leaps and bounds in the recent past and are now being adopted across retail stores and shopping malls, sports stadiums, and restaurants. Fine pixel pitch LED displays offers high resolution and are power efficient too. Declining cost of the technology has further increased its adoption by smaller vendors and for a wider pool of audiences. While cost factors are still keeping the market from attaining its true potential, this factor is expected to reduce progressively during the forecast period of the report.

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Based on product type, the report segments the global fine pixel pitch LED displays market into less than 1mm, 1mm to 2mm, and up to 3mm. Application-wise, the market has been bifurcated into digital signage, broadcast screens, visualization and simulation applications, and control rooms and monitoring applications. While the broadcast screens segment has been performing well for quite some time, the control rooms and monitoring applications segment is anticipated to expand quickly on the back of increased safety measures being employed across several nations.

Geographically, the analysts of the report have highlighted Asia Pacific as the most lucrative region. The emerging economies of India, China, South Korea, Japan, and Taiwan are behind the 59% demand share generated by Asia Pacific in the global fine pixel pitch LED displays market in 2015. These products are now extensively used in corporate offices, retail stores, and shopping malls in these countries wherein disposable income is increasing among the urban population. The rising popularity of sporting events is another factor fueling the Asia Pacific fine pixel pitch LED displays market. North America is another profitable region, driven by the developed countries of the U.S. and Canada, wherein digital display advertising and out-of-home advertising is gaining popularity among major brands.

The analysts of the report have detected that while the overall scenario of the global fine pixel pitch displays market is fragmented, a few companies do hold a position of strength, such as NEC Display Solutions, Unilumin, Leyard, SiliconCore, Christie, and Daktronics. China-based Leyard Optoelectronic Co., Ltd., the leading player in the global market by revenue, has been concentrating on increasing its global presence through strategic mergers and acquisitions. In 2015, the company acquired Glux Led Creative-Tech and Planar Systems, Inc.

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