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Narrow Pixel Pitch Led Displays Market

Narrow Pixel Pitch LED Displays Market

by Type (Upto 3mm, 2mm to 1mm), by Application (Broadcast Screens, Digital Signage, Control Rooms and Monitoring, Visualization and Simulation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A09982
Pages: 197
Feb 2023 | 2327 Views
Author(s) : Tanumoy U , Vineet K
Tables: 104
Charts: 55
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Narrow Pixel Pitch LED Displays Market Research, 2031

The global narrow pixel pitch LED displays market was valued at $1.5 billion in 2021, and is projected to reach $7.1 billion by 2031, growing at a CAGR of 16.7% from 2022 to 2031.

Pixel pitch refers to the vertical and horizontal distance between individual LED pixels on an LED media display, otherwise referred to as an LED screen. A common unit of measurement for pixel pitch is millimeters (mm). The smaller the pixel pitch, the higher the resolution of the display will be. When pixel pitch is small, more pixels are used to make the image on the display. As a result, it improves the display resolution and increases the viewing distance. Narrow pixel pitch LED displays are known for their high brightness, energy efficiency, and long lifespan compared to traditional display technologies. This technology also allows for a wider viewing angle, which means that the image can be seen clearly from a greater distance or from different angles. In addition, it offers higher brightness and a wider color gamut, resulting in more vibrant and realistic images. 

The narrow pixel pitch LED displays market has been significantly impacted by the COVID-19 outbreak. Production and manufacturing facilities across the globe have been shut down, owing to the outbreak of the health crisis and unavailability of workforce. This has further impacted the economy, and is causing economic hardship for business and communities in world. Countries across the globe have suffered major loss in terms of business and revenue, owing to lockdown and lack of availability of raw materials across the world. Production and manufacturing sectors across the world have been negatively impacted by the outbreak of the COVID-19 disease, which, in turn, led to economic downfall, thereby declining the growth of the narrow pixel pitch LED displays market in 2020. Furthermore, COVID-19 has enforced the narrow pixel pitch LED displays industry to make short-term decisions with long-term implications. However, the negative impact caused by COVID-19 on the narrow pixel pitch LED displays market is expected to continue for a short period. Conversely, by mid-2022, the market is anticipated to witness robust recovery, due to extensive demand for digital solution in industrial sectors. In addition, the ongoing pandemic is expected to escalate the need for high-end testing solutions, which is opportunistic for market growth.

Narrow Pixel Pitch LED Displays Market

The narrow pixel pitch led displays market is segmented into Type and Application.

Narrow Pixel Pitch LED Displays Market
By Type

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The 2mm to 1mm segment was the highest contributor to the market in 2021.

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By type, the market is classified into upto 3mm and 2mm to 1mm. The 2mm to 1mm segment was the highest revenue contributor to the market in 2021. Advantages such as detailed and sharper image in professional applications results in the growing demand of 2mm to 1mm narrow pixel pitch led displays in the market. 

Narrow Pixel Pitch LED Displays Market
By Application

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The control rooms and monitoring segment was the highest contributor to the market in 2021.

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By application, the market is divided into broadcast screens, digital signage, control rooms and monitoring, visualization and simulation and others. The control rooms and monitoring segment was the highest revenue contributor to the market in 2021. The growing demand for narrow pixel pitch LED displays in security and surveillance applications to monitor and control security cameras, alarms, and other security systems plays a vital role in fueling the demand across the globe.

Narrow Pixel Pitch LED Displays Market
By Region

2031
Europe 
North America
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 13.95% during 2022-2031.

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Region wise, the narrow pixel pitch LED displays market trends are analyzed across North America (the U.S, Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Increasing urbanization and industrialization in these countries is presenting ample growth opportunities to the narrow pixel pitch LED displays market share in the Asia-Pacific region.

Narrow pixel pitch LED displays are extensively used in out-of-home advertising and digital display advertising by several major brands. They are also used in high-end applications such as museums, luxury retail stores, corporate lobbies and other places where visual impact and high resolution is essential. Major manufacturers are investing heavily in developing superior flexible led screen and mini led display to gain a competitive advantage in the market.  

However, high cost of these displays and need for trained professionals to install and maintain them are some of the challenges that the narrow pixel pitch LED displays industry may face. Nevertheless, with the advancements in technology, the cost of these displays is expected to decrease, making them more accessible to a wider range of customers. 

Significant factors that impact the growth of the narrow pixel pitch LED displays market size include increasing demand for narrow pixel pitch LED displays from the advertising and signage industry. Moreover, the advancements in LED technology and the increasing adoption of cloud-based content management systems are expected to drive the narrow pixel pitch LED displays market growth. However, high cost of installation and maintenance might hamper growth of the market. On the contrary, rapid technological advancements in the LED display technology sets potential growth opportunities for the narrow pixel pitch LED displays industry.

The key players profiled in the report include NEC Display Solutions, PixelFLEX LED, Daktronics Inc., Shenzhen Absen Optoelectronic Co. Ltd., Christie Digital Systems USA, Unilumin, SiliconCore Technology Inc., NanoLumens, Inc., Leyard Optoelectronic Co. Ltd. and Barco are provided in this report. The major narrow pixel pitch LED displays providers are inclined to invest heavily in product innovation, research, and development in energy and smart infrastructure. 

Top market players have adopted various strategies, such as product launches, contracts, and others to expand their foothold in the ultrasonic air bubble detectors industry.

  • In September 2022, The LED Studio launched a narrow-pitch outdoor LED display, the AegisPRO. The kiosk solution features pixel pitches as low as 1.2mm, high brightness and a waterproof exterior. It is designed to provide a sustainable option for replacing existing LCD screens, including digital six sheets and bus stop signage, and is opening up new opportunities for digital out-of-home (DOOH) advertising locations across the globe. The display has been crafted for viewing from close proximity and is also available in low pixel pitches of 1.5mm, 1.8mm and 2.5mm. The LED Studio, powered by manufacturing partner VOD Visual, has developed a new proprietary casing for the LED board that means the display does not require any additional cladding or overlays for use outdoors.
  • In October 2022, Planar, a global leader in visualization technology, launched a new addition to the company’s portfolio of outdoor fine pitch LED display solutions with the release of a fine pitch, high bright outdoor LED video wall designed for up close viewing. The Planar Luminate Ultra Series LED video wall display features coated LEDs to deliver ruggedness and exceptional image detail for high-ambient light environments. The Planar Luminate Ultra Series is designed to enhance viewing angles, providing nearly 140-degree visibility with limited interference, even in direct sunlight. Featuring models in 1.5 and 1.9 millimeter pixel pitches and up to 3,500-nit brightness, the Planar Luminate Ultra Series supports comfortable viewing from as close as six feet for applications spanning transportation signage, retail exteriors, poolside cinema, entertainment, hospitality and other large venue facilities.

 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the narrow pixel pitch led displays market analysis from 2021 to 2031 to identify the prevailing narrow pixel pitch led displays market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the narrow pixel pitch led displays market overview assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global narrow pixel pitch led displays market trends, key players, market segments, application areas, narrow pixel pitch LED displays market forecast and market growth strategies.

Narrow Pixel Pitch LED Displays Market Report Highlights

Aspects Details
Market Size By 2031 USD 7.1 billion
Growth Rate CAGR of 16.7%
Forecast period 2021 - 2031
Report Pages 197
Type
  • Upto 3mm
  • 2mm to 1mm
Application
  • Broadcast Screens
  • Digital Signage
  • Control Rooms and Monitoring
  • Visualization and Simulation
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players SiliconCore Technology Inc., NEC Corporation, Daktronics Inc., christie digital systems u s a, Unilumin, barco, NanoLumens, Inc., pixelflex led, Shenzhen Absen Optoelectronic Co. Ltd., Leyard Optoelectronic Co., Ltd
 

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The narrow pixel pitch LED displays market exhibited development potential across industrial and commercial sectors. Furthermore, displays have a smaller pixel pitch, which results in a higher resolution and a more detailed image. This makes them ideal for use in high-traffic areas, such as airports, shopping centers, and sports arenas, where a clear and detailed image is important. 

Narrow pixel pitch LED displays market is highly competitive, owing to strong presence of existing vendors. Narrow pixel pitch LED displays market vendors are investing substantially in R&D and skilled workforce and are anticipated to gain a competitive edge over their rivals. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors. 

The demand for narrow pixel pitch LED displays in indoor high-end display applications including command and dispatch centers, security monitoring, video conferences, exhibitions, radio and television studios, weather information centers is expected to rise exponentially owing to the superior image quality offered by this technology. Such factors are expected to create growth opportunities for the narrow pixel pitch LED displays market. 

The key players profiled in the report include narrow pixel pitch LED displays market players, such as NEC Display Solutions, PixelFLEX LED, Daktronics Inc., Shenzhen Absen Optoelectronic Co. Ltd., Christie Digital Systems USA, Unilumin, SiliconCore Technology Inc., NanoLumens, Inc., Leyard Optoelectronic Co. Ltd. and Barco. 

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FREQUENTLY ASKED QUESTIONS?

A. The Narrow Pixel Pitch LED Displays Market is expected to grow at a CAGR of 16.66% during the forecast period.

A. The major applications of Narrow Pixel Pitch LED Displays are considered to be in broadcast screens, digital signage, control rooms and monitoring, visualization and simulation and others.

A. Asia-Pacific is estimated to be the largest regional market for Narrow Pixel Pitch LED Displays Market.

A. The global Narrow Pixel Pitch LED Displays Market was valued at $1,538.3 million in 2021

A. The top companies to hold the Narrow Pixel Pitch LED Displays Market share are NEC Display Solutions, PixelFLEX LED, Daktronics Inc., Shenzhen Absen Optoelectronic Co. Ltd., Christie Digital Systems USA and others.

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