Narrow Pixel Pitch LED Displays Market Expected to Reach $7.1 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “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, 2022-2031". The narrow pixel pitch led displays market was valued at $1.5 billion in 2021, and is estimated to reach $7.1 billion by 2031, growing at a CAGR of 16.7% from 2022 to 2031.

Pixel pitch describes the density of the pixels (LED clusters) on an LED display and correlates with resolution. Sometimes referred to as pitch or dot pitch, the pixel pitch is the distance in millimeters from the center of a pixel to the center of the adjacent pixel. Since pixel pitch indicates the amount of space between two pixels, a smaller pixel pitch means there is less empty space between pixels. This equates to higher pixel density and improved screen resolution.

The significant advantage of the mini led display and flexible led screen is that screen can be seamlessly spliced, and the size can be expanded infinitely in theory. Moreover, the installation mode is flexible and diverse and operation and maintenance cost is low. The application of LED narrow pitch technology in the security monitoring market largely ensures the timeliness and accuracy of security monitoring.

The narrow pixel pitch LED displays market 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. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the narrow pixel pitch LED displays market.

Country-wise, the U.S. acquired a prime share in the narrow pixel pitch LED displays market size in the North American region and is expected to grow at a significant CAGR during the forecast period of 2022-2031. The U.S., holds a major fraction of the narrow pixel pitch LED displays market share, owing high spending on digital display advertisements and out-of-home advertising by most of the major brands, and continuous developments and research, high-resolution fine pitch LED display providers are offering superior-quality products that deliver fine image quality are driving the market growth in the country.

Recent narrow pixel pitch LED displays market trends in Europe indicates that UK, dominated the narrow pixel pitch LED displays market, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. Germany is expected to emerge as the major country in Europe's narrow pixel pitch LED displays market with a notable CAGR, due to the presence of strong manufacturing and technological base, and also has high demand for these devices. The market is expected to grow at a steady rate in the coming years due to the presence of leading manufacturers and suppliers.

According to narrow pixel pitch LED displays market analysis, in Asia-Pacific, China is expected to emerge as a significant market for the narrow pixel pitch LED displays industry, owing the presence of maximum number of leading manufacturers and is making rapid progress in the last few years.

By LAMEA region, the Latin America country garner significant market share in 2021 due to the technological transformation and automation are reshaping the future of the industrial sector in Latin America. Moreover, the Middle East region is expected to grow at a significant CAGR from 2022 to 2031, owing to shifts in artificial intelligence, industry 4.0, and smart technological changes in recent years, which is expected to reshape the narrow pixel pitch LED displays market growth in the Middle East.

KEY FINDINGS OF THE STUDY

• In 2021, the 2mm to 1mm segment was the major revenue contributor to the narrow pixel pitch LED displays industry, and is projected to grow at a notable CAGR of 14.84% during the forecast period. The 2mm to 1mm segment in the narrow pixel pitch LED displays market is expected to grow in the coming years due to the increase in demand for higher pixel density and improved screen resolution in various professional applications.
• The control rooms and monitoring segment is projected to growth at a CAGR of  13.2% during the forecast period. There is an increase in the demand for narrow pixel pitch LED displays are used in security and surveillance applications to monitor and control security cameras, alarms, and other security systems is expected to boost the market.
• Asia-Pacific contributed for the major ultrasonic gas bubble detectors market share, accounting for more than 37.96% share in 2021. The increasing urbanization and industrialization in these countries is presenting ample growth opportunities to the narrow pixel pitch LED displays market growth in the region.

Key players profiled in the narrow pixel pitch LED displays market 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. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the narrow pixel pitch LED displays market.