Wilmington, Delaware, United States, July 27, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Increasing penetration of smart LED-based display technology in digital signage, conference room, and control room applications is generating sizable lucrative opportunities. Control rooms are witnessing massive adoption of state-of-the-art LED display technologies, and has held a major fine pixel pitch LED displays market share in 2021. The global market is projected to advance at CAGR of 17.4% during 2022–2031.
Growing adoption of innovative dynamic displays for events and advertisement applications in several industries are expanding size of fine pixel pitch LED displays market. Brands across sectors are embracing fine pixel LED displays for engaging customers through promotional messages and contents. Evidently, over the years, such commercial advertising contents have proliferated, whereby manufacturers have reaped substantive revenue gains in the fine pixel pitch LED displays market.
Fine pitch LED displays manufacturers and suppliers are targeting new customer propositions on the back of continuous technological advancements. This has led to improvements in product attributes such as refresh rate, imaging quality, compatibility with various content types, viewing angles, among many others. This is enabling market players to capture revenue streams in emerging applications, notably in transportation and broadcast screens.
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Key Findings of Fine Pixel Pitch LED Displays Market Study
- Demand for Smart Digital Displays in Transportation Industry to Unlock Revenues: The adoption of fine pixel LED display technology is anticipated to rise remarkably in the transportation industry. Smart digital displays are gathering traction for passenger communication. In a variety of formats, the products have been utilized in various transport hubs, such as bus terminals, airports, and train stations. The expected surge in application in the near future will present enormous avenue for players in fine pixel pitch LED displays market to capitalize in coming years.
- Widespread Use of Fine Pixel Pitch LED Displays in Control Room to Generate Revenues: Command-and-control rooms have witnessed widespread adoption of fine pixel LED display technology, and has spurred revenue generation in the fine pixel LED displays market. The segment is expected to remain remarkably lucrative during the forecast period.
- Adoption of Dynamic Digital Signages to Steer Growth: The demand for dynamic digital signages for outdoor advertisement will expand the market prospects. New technologies in fine pixel LED screens are expected to gain adoption in indoor applications, thus will unlock revenues in the fine pixel pitch LED displays market.
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Fine Pixel Pitch LED Displays Market: Key Drivers
- Display manufacturers are increasingly adding product features to meet the demand in various industries. Increasing focus on commercialization of smart information displays in digital signages and control room applications underpins massive market prospects for fine pixel pitch LED displays.
- Need for new technologies in advertisement displays will continue driving the fine pixel pitch LED displays market.
Fine Pixel Pitch LED Displays Market: Regional Growth Dynamics
Asia Pacific held a major share of the global fine pixel pitch LED displays market in 2021. High rate of product adoption in the regional market has been fuelled by use of LED displays in product promotion at retail stores and advertisement by brands.
Presence of several LED manufacturers, who have committed substantial R&D funds on the technology, has enriched the prospects, find the study on the global fine pixel pitch LED displays market. In the coming years, new revenue streams will emanate from rapid pace of industrialization with focus on Industry 4.0 automation technologies.
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Fine Pixel Pitch LED Displays Market: Competition Landscape
The authors of the fine pixel pitch LED displays market study observed a high degree of consolidation of shares among a few vendors. Top players are focusing on product diversification to expand their market shares.
Some of the key players in the market include Unilumin Group Co., Ltd., SiliconCore Technology Inc., Shenzhen Absen, PixelFlex LLC, NanoLumens Inc., Leyard Optoelectronic Co., Ltd., Daktronics, Inc., Barco NV, and AOTO Electronics Co., Ltd.
Fine Pixel Pitch LED Displays Market Segmentation
- Component
- Led Display
- Chips
- Led Lamp Beads
- PCB Board
- Others (Power Supply, Cabinet Material, etc.)
- Led Display
- Pixel Pitch Type
- Below 1mm
- 1mm-2mm
- Above 2mm
- Below 1mm
- Sales Channel
- Indirect Sales
- Direct Sales
- Installation
- Outdoor
- Indoor
- Indirect Sales
- Application
- Broadcast Screens
- Digital Signage
- Boardrooms
- Auditorium
- Control Room
- Others (Studios, Meeting Room, etc.)
- Broadcast Screens
- Regions Covered
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- North America
- Countries Covered
- U.S.
- Canada
- Germany
- U.K.
- France
- Spain
- Italy
- Russia & CIS
- Japan
- China
- India
- ASEAN
- Brazil
- Mexico
- GCC Countries
- U.S.
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