Page Updated:
Jul 2021
The Fine Pixel Pitch LED Displays Market in North America is expected to grow from US$ 407.65 million in 2021 to US$ 1323.02 million by 2028; it is estimated to grow at a CAGR of 18.3% from 2021 to 2028.
The US, Canada, and Mexico are major economies in North America. 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. 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 also 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. The hospitality industry 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 signage 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. Indoor display advertising, which is considered the most traditional approach, has become one of the highly effective ways to advertise new products. These factors are contributing to the increasing demand for the fine pixel pitch LED displays, thereby contributing to the market growth., which is further anticipated to drive the market in North America.North America is one of the leading regions in terms of the developments and adoption of new technologies; this is mainly attributed to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world’s worst affected country due to COVID-19 outbreak. The increase in spending on digital display advertising and out-of-home advertising by most of the major brands in the US and Canada is a key factor driving the growth of fine pixel pitch LED displays in the region. The market players in North America are also open to the critical supply and supply chain. However, the imposition of lockdown and shutdown of businesses adopted have decelerated the production of fine pixel pitch LED displays. Thus, limited availability of workforce, coupled suspension of various operations, has resulted in a substantial loss in the North America fine pixel pitch LED display market
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North America Fine Pixel Pitch LED Displays Market Segmentation
North America Fine Pixel Pitch LED Displays Market – By Type
- Upto 3mm
- 2mm to 1mm
North America Fine Pixel Pitch LED Displays Market – By Application
- Broadcast Screens
- Digital Signage
- Control Rooms and Monitoring
- Visualization and Simulation
- Others
North America Fine Pixel Pitch LED Displays Market – By Country
- US
- Canada
- Mexico
North America Fine Pixel Pitch LED Displays Market -Companies Mentioned
- Christie Digital Systems USA, Inc.
- Daktronics
- LEYARD
- NanoLumens
- PixelFLEX
- Sharp NEC Display Solutions of America, Inc
- SHENZHEN ABSEN OPTOELECTRONIC CO., LTD
- Shenzhen AOTO Electronics
- SiliconCore Technology Inc
- Unilumin
North America Fine Pixel Pitch LED Displays Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 407.65 Million |
| Market Size by 2028 | US$ 1323.02 Million |
| CAGR (2021 - 2028) | 18.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
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