Global Fine Pixel Pitch LED Displays Market 2028 | Latest COVID19 Impact Analysis | Know About Brand Players: Christie Digital Systems, Daktronics, Leyard, NanoLumens and NEC Display Solutions

The Fine Pixel Pitch LED Displays Market Was Valued at US$ 1,535.50 Million In 2020 And Is Projected to Reach US$ 5,490.84 Million By 2028; It Is Expected to Grow at 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 the 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.

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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 the 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.

Company Profiles

Christie Digital Systems USA, Inc.
Daktronics
Leyard
NanoLumens
NEC Display Solutions, Ltd
PixelFLEX
SHENZHEN ABSEN OPTOELECTRONIC CO.,LTD
Shenzhen AOTO Electronics Co., Ltd.
SiliconCore Technology
Unilumin

Impact of COVID-19 Pandemic on Fine Pixel Pitch LED Displays Market

According to the 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 the COVID-19 outbreak. The outbreak has created significant disruptions in primary industries including electronics, semiconductors, 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 screens 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.

Increasing Use of Fine Pixel Pitch LED Displays in Events, Advertising, and Smart City Applications Fuels Growth of Market

Fine pixel pitch LED display technology has undergone rapid developments in last few years. Since the emergence of COVID-19, the demand for fine pixel pitch LED displays has increased in telecommunication and teleconferences due to the rise in the practice of attending online sessions. For example, various country representatives were asked to attend the 2020 ShangHai Cooperation Organization Summit hosted by Russia from their respective places over audiovisual communication channels. Further, outdoor advertising plays a crucial role in improving the revenues of various businesses; it has gained traction with a progressive loss of interest in traditional marketing. Fine pixel pitch LED displays are used on a large scale in outdoor advertising for gathering the significant attention of viewers.

The world is likely to have more than 26 smart cities by 2025, and North America and Europe would together have 16 of these. Furthermore, by 2030, the US, Western Europe, and China would collectively account for more than 70% of global smart city spending.

As per a report by Frost & Sullivan, smart city spending on technologies is anticipated to increase from US$ 96 billion in 2019 to US$ 327 billion by 2025, at a CAGR of 22.7% during 2019–2025. Thus, the projected rise in the implementation of technologies such as Big Data and artificial intelligence would generate huge demand, thereby creating more and more opportunities for online city service population analysis and open data dashboards. These technology-driven developments in smart cities are likely to boost the demand for fine pixel pitch LED displays in smart cities in the coming years. For example, a smart pole is an outdoor LED display along with a back-end software solution; it enables a centralized network of digital displays to push the dynamic content with minimum manual intervention.

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The Fine Pixel Pitch LED Displays Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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