Fine Pixel Pitch LED Displays Market Revenue to Cross US$ 5,490.84 million by 2028: The Insight Partners

According to our latest market study on "Fine Pixel Pitch LED Displays Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and Application," the market was valued at US$ 1,535.50 million in 2020 and it 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.

Flexible LED displays, also known as flexible LED screens, soft LED displays, or soft LED screens, can be rolled, bent, and swung to form LED video walls of any shape. Several manufacturers are engaged in introducing flexible fine pixel pitch LED displays. Fine pitch flexible LED screens offered by AmFlex Pro are ideal for broadcasts, museums, retail, theaters, corporate or event venues. They have bendable, ultra-slim, ultra-high-resolution displays that provide true HD, as well as ultra-HD video quality, and create fantastic imaging landscape via the seamless convex and concave displays available with 1.6 mm, 1.9 mm, or 2.5 mm pixel pitch. Similarly, FLEXUltra is a dynamic, breathtaking, and cutting-edge 2 mm curve-able LED display with high resolution; it provides true HD quality video experience with the creative freedom that allows customers to define the space with 1.2 mm to 1.9 mm pixel pitch. FLEXMod allows greater flexibility than ever before, as it can curve and attach to virtually any surface. NanoLumens has brought significant advancements in the flexible LED segment with its high-quality, LED display modules, which is a core competency of the company. The company's Engage Series displays-with pixel pitches ranging from 0.9mm to 2.5 mm-bring true HD and 4K specifications to market, with ease, flexibility, and clarity, along with enhanced color. The aforementioned developments are providing lucrative growth opportunities to the fine pixel pitch LED display providers.

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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.

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

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 a larger 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.

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

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