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 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.
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.
Lucrative Regions for Fine Pixel Pitch LED Displays Providers
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Fine Pixel Pitch LED Displays Market Insights
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 practice of attending online sessions. For example, various country representers 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 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 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 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, smart pole is an outdoor LED display along with a back-end software solution; it enables a centralized network of digital display to push the dynamic content with minimum manual intervention.
Type-Based Market Insights
Based on type, the fine pixel pitch LED displays market is segmented into up to 3 mm and 2mm to 1mm. The 2mm to 1mm segment held a larger share in 2020. The segment is expected to dominate the market throughout the forecast period, owing to a wide range of product offering and enhanced resolution for fine pixel pitch LED displays.
Fine Pixel Pitch LED Displays Market, by Type– 2020 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Application-Based Market Insights
Based on application, the fine pixel pitch LED displays market is segmented into broadcast screens, digital signage, control rooms and monitoring, visualization and simulation, and others. In 2020, the control rooms and monitoring segment held the largest share of the market and is expected to hold largest share through the forecast period of 2021–2028.
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Fine Pixel Pitch LED Displays Market: Strategic Insights
Market Size Value in US$ 1,535.50 Million in 2020 Market Size Value by US$ 5,490.84 Million by 2028 Growth rate CAGR of 18.1% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Customize Research To Suit Your Requirement
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Fine Pixel Pitch LED Displays Market: Strategic Insights
| Market Size Value in | US$ 1,535.50 Million in 2020 |
| Market Size Value by | US$ 5,490.84 Million by 2028 |
| Growth rate | CAGR of 18.1% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The players operating in the fine pixel pitch LED displays market are adopting strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- 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.
- In April 2021, Nashville SC selected Daktronics, Brookings (South Dakota), to design, manufacturer, and install six LED display throughout the venue. The main feature is a video display featuring 10-millimeter pixel spacing and measuring approximately 34 feet high by 60 feet wide. An auxiliary video display in the opposite corner of the stadium from the main display will also feature 10-millimeter pixel spacing with more than 20 feet height and 54 feet width.
The global fine pixel pitch LED displays market has been segmented as mentioned below:
By Type
- Up to 3mm
- 2mm to 1mm
By Application
- Broadcast Screens
- Digital Signage
- Control Rooms and Monitoring
- Visualization and Simulation
- Others
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Surge in Adoption of Fine Pixel Pitch LED Displays in Developing Countries. 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.
Emerging Applications of Flexible LED Displays with Fine Pixel Pitch. 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 Proare ideal for broadcasts, museums, retail, theaters, corporate or event venues, etc. 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 display savailable with 1.6mm, 1.9mm, or 2.5mmpixel pitch.
Based on type, the fine pixel pitch LED displays market is segmented into up to 3 mm and 2mm to 1mm. The 2mm to 1mm segment holds the largest share in 2020 and throughout the forecasted period due to wide range of product offering and enhanced resolution for fine pixel pitch LED displays.
The List of Companies - Fine pixel pitch LED displays Market
- 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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- Data Collection and Secondary Research:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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