Report : Fine Pixel Pitch LED Displays Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Up to 3mm, 2mm to 1mm), Application (Broadcast Screens, Digital Signage, Control Rooms and Monitoring, Visualization and Simulation, and Others)
According to the new research report titled “Fine Pixel Pitch LED Displays Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 5,490.84 million by 2028, registering a CAGR of 18.1% from 2021 to 2028.
LED displays have become an indispensable facility in world-class stadiums. These screens allow fans present in stadium to watch the event details and enliven the scene, along with bringing in considerable advertising revenue. Absen's A1099/A1699, XD/XD PLUS, and SR series of outdoor LED displays offer multiple industry-leading technical features for a wide range of applications in the sports industry. Brazil is home to a plethora of LED display suppliers due to the popularity of sports such as football and basketball in the country. In 2014, the country hosted a mega event—FIFA World Cup Brazil—across 12 stadiums, all of which were equipped with perimeter LED display systems provided by AOTO Electronics. Further, it hosted the 2016 Olympics in Rio de Janeiro, and it is likely to host more such grand sporting events in the coming years. These events are fostering the growth of fine pixel pitch LED displays in Latin America.
The hospitality industry in the MEA is undergoing significant change. The rapid growth in tourism is prompting it to capitalize on digital advertising for events and promotions. Hotels need to implement simplified display management and easy content management across multiple locations to provide guests with a seamless digital experience from the moment they walk in the lobby. Therefore, digital signages are being considered a huge part of the future of hoteling business. Digitalization helps hotels, restaurants, holiday resorts, and other hospitality venues to strengthen their reputation and brand image. Instead of using static, passive signage systems, which guests tend to ignore or overlook, they can connect with guests using motion graphics, animations, and other interactive programs installed on touchscreen devices or signage placed at lobbies, elevator banks, guest rooms, entrances and exits, hallways, and conference halls.
The fine pixel pitch LED displays market is segmented based on type, application, and geography. Based on type, the market is segmented into up to 3 mm and 2 mm to 1 mm. In 2020, the 2 mm to 1 mm segment accounted for the largest market share. In terms of application, the market is categorized into broadcast screens, digital signage, control rooms and monitoring, visualization and simulation, and others. In 2020, the control rooms and monitoring segment accounted for the largest share in the market. Geographically, the global fine pixel pitch LED displays market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, the APAC segment accounted for the significant share in the global market.
According to latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are some of the worst affected countries due to COVID-19 outbreak. The outbreak has created significant disruptions in primary industries including electronics, semiconductor, and manufacturing. A sharp decline in the growth of mentioned industries is impacting the growth of the global fine pixel pitch LED displays market as they are the major supply sources for fine pixel pitch LED displays products and solutions. Factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted manufacturing, supply, and sales of various LED products. However, the trend of broadcasting and awareness screen at hospitals, public places, and government offices will help in regaining the significance of fine pixel pitch LED displays post lockdown. There will be a gradual increase in the number of LED walls at public places for circulating information to combat against COVID-19, which is further expected to create lucrative growth opportunities for the market.
Key Findings of Study:
• The global fine pixel pitch LED displays market is segmented into five major regions—North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and South America (SAM). Significant strategic initiatives are being taken by several market players in the global fine pixel pitch LED displays market. For instance, In April 2021, NanoLumens, a US-based LED visualization solution provider, made an announcement regarding the expansion of the HDS series of its Engage family. The narrow-pitch Engage Series displays are built into a lightweight cabinet system with a native 16:9 ratio, making it easy to import, as well as showcase the HD and 4K content with superior quality.
• LED displays with a 1.5mm pixel pitch consist of more pixels per module than the displays with 4mm pixel pitch, and they reproduce 4K resolution of 3,840 × 2,160 pixels in much less physical space. This assists the organizations achieve a higher resolution, and their assembly processes have lower material requirements. For installations that will be viewed up close or where higher resolution is required, stepping up to 1.5 mm pixel pitch is generally preferred. However, displays with 1.5 mm pitch would work perfectly where there is not much viewing distance, but high resolution is required.