Newly released Pixel Pitch LED Market analysis report by Future Market Insights shows that global sales of Pixel Pitch LED Market in 2021 was held at USD 1 Billion. With 17.4% projected growth, the market is expected to reach a valuation of USD 13.6 Billion by 2032. Digital Signage is expected to be the highest revenue-generating category, projected to register a CAGR of 18.1% during 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Pixel Pitch LED Market Size (2022) | USD 2.7 Billion |
| Global Pixel Pitch LED Market Size (2032) | USD 13.6 Billion |
| Global Pixel Pitch LED Market CAGR (2022 to 2032) | 17.4% |
| USA Pixel Pitch LED Market Size (2032) | USD 5.7 Billion |
| Key Companies Covered | NEC Display Solutions Ltd.; Leyard Optoelectronic Co., Ltd; Shenzhen AOTO Electronics Co. Ltd.; Panasonic Corporation; SiliconCore Technology, Inc.; NanoLumens; Christie Digital Systems USA, Inc.; Daktronics; PixelFLEX |
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As per the Pixel Pitch LED Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Pixel Pitch LED Market increased at around 20.5% CAGR.
Pixel pitches enable a closer optimal viewing distance. As the LED clusters on the module get closer together, the outlines of the blocks blur. A fine pitch LED display with pixel pitch well below 2.5mm, for example, could be advantageous in boardrooms where viewers sit closer to the LED screen. In contrast, large pixel pitches are ideal for long-distance viewing environments such as concerts or building-mounted digital signage advertisements. Times Square's iconic outdoor LED billboards is an example of this. Owing to these factors the Fine Pixel Pitch LED Market is expected to increase significantly.
LED displays are comprised of tiles that contain clustered LED arrays. In contrast, a higher pixel pitch tends to increase the minimum viewing distance. LED displays with narrow pixel pitch LED have higher resolution than LED displays with bigger pixel pitches. As a result, fine pixel pitch LEDs have been discovering applications in a wide range of industries, including government, aerospace, retail, and control rooms and monitoring. Regional demand, form accessibility, manufacturer performance, and pixel pitch LED display screen application range all to have an impact on the future market.
Pixel Pitch LED is also used in sporting events. Although most locker rooms are not visible to the general public, they do offer an excellent opportunity to use high-quality displays. Locker rooms, which serve as main elements for athletes, can be transformed into valuable recruiting tools with a few cutting-edge screens.
Kansas University, for example, recently upgraded its football stadium's locker rooms with modular fine pixel pitch LED displays. With locker room names, photos, statistics, and spirited video content being broadcast, their athletic department is now a source of pride and inspiration. They were installed as a 50-foot-long continuous ribbon screen that surrounds the room.
Pixel pitch LED displays are used in digital signage, broadcast screens, control rooms, monitoring, simulation, and visualization. The higher spending on out-of-home advertising and digital display advertising by the majority of the major brands is an important factor contributing to the growth of the pixel pitch LED displays market. Furthermore, the pixel pitch LED display market is being propelled by rising demand from sporting events.
The market is being driven by the use of pixel pitch LED displays for promotional purposes in the media, entertainment, and advertising industries. Furthermore, to avoid a COVID-19 pandemic, companies in the pixel pitch LED displays market are focusing on high-growth applications like digital signage and control rooms.
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North America is the most lucrative region with double-digit projected growth. A number of major brands in the United States and Canada are increasing their digital and out-of-home advertising spending, which is boosting the region's pixel pitch LED exhibits market. It also contributes significantly to the global electronics industry. Furthermore, high-resolution pitch LED display providers are providing superior-quality products with the best image quality as a result of ongoing development and research. In the region, control room monitoring applications would be critical. LED pixel pitch displays have better resolution than that of other display solutions, which significantly increases their requirement in these applications.
LED video wall technologies are gaining traction, particularly in the United States. This is because of advances in information technology and communication infrastructure. Companies in the United States and Canada appear to be early adopters of sophisticated technology, resulting in a market for such technologies that is relatively mature. In a variety of industries, many North American organizations are undergoing digital transformation. NanoLumens, a US-based provider of LED visualization solutions, has announced the expansion of its Engage family's HDS series in April 2021.
The United States is expected to account for the highest market share of USD 5.7 Billion by the end of 2032. Technological advancements and an increase in the number of research and development activities have led to an increase in the revenue of Pixel Pitch LED in the United States.
Nashville SC has chosen Daktronics of South Dakota for designing, manufacturing, and installing six LED displays all through the venue in 2021. The key attraction was a 30-by-60-foot video display with 10-millimeter pixel spacing. An ancillary video screen over 20 feet in height and 54 feet in width will be installed in the reverse corner of the stadium from the main screen.
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Digital Signage segment is forecasted to grow at the highest CAGR of over 18.1% during 2022-2032. Users need their message to be seen which makes pixel pitch important in digital signage. Pixel pitch LED screens has a direct effect on the optimal viewing distance. The ability to see individual pixels allows the viewer to approach the display more closely without being distracted. The lower the pitch, the closer the viewer can stand to the screen while still seeing a clear image. A higher pitch is required for closer viewing situations, such as an airport, chain store, live stream studios, or any other location where people will be in close proximity and will want to read the information. A lower pitch is used for long-distance viewings, such as in a sports stadium with hundreds of yards of spectators.
Samsung digital signage solutions, including the 2022 Smart Signage, have received energy efficiency certifications that meet or exceed new industry standards such as ENERGY STAR and EPEAT. Since 2021, Samsung has also included eco-friendly packaging made of recycled materials in all signage products, and it was the industry's first company to receive the Carbon Trust's reducing CO2 label for its display portfolio.
The Upto 3mm segment is forecasted to grow at the highest CAGR of over 16.2% during 2022-2032. A suite of direct-view LED displays has been installed at HPE's head office in Houston, Texas. The digital signage network offers immersive environments, artistic and inspirational pieces, and branded content, all of which are generated using SNA Displays LED screen technology and handled by integrator Smart Systems. Among the highlights is interior LED displays in the building lobby, as well as Fishbowl, Immersive Theater, and PlayGround installations. The lobby display is a vertical LED screen with a 2.5 mm pixel pitch that demonstrates artistic and mood-setting content.
Among the leading players in the global Pixel Pitch LED market are NEC Display Solutions Ltd., Shenzhen AOTO Electronics Co. Ltd., Leyard Optoelectronic Co., Ltd, SiliconCore Technology, Inc., and Panasonic Corporation. To gain a competitive advantage in the industry, these market players are investing in product launches, partnerships, mergers and acquisitions, and expansions.
Due to the growing demand for the product around the world, many new companies are expected to enter the market. This is expected to increase competition on a worldwide scale. Additionally, market growth is expected to be fuelled by collaborations among current players to improve quality throughout the research period. Over the projection period, established market players are expected to diversify their portfolios and offer one-stop solutions to combat fierce competition.
In January 2021, for Ningbo Subway in Zhejiang Province, East China, AOTO designed, manufactured, and installed a new LED advertising display system. The entire project is difficult due to the stringent requirements for LED products. Line 4 runs through a densely populated area, so the products must be waterproof and long-lasting. Innovative and multi-shaped screens are required to attract passers-by and increase engagement.
In April 2022, to enhance the visual experience for spectators, the Credit Union of Texas Event Center based in Texas appointed Daktronics of South Dakota for designing, manufacturing and installing seven new LED Display and a stereo system. Six new video displays, as well as a new ribbon display, have been installed and are ready to engage and inform viewers. Six new LED video displays, each about 3.5 meters high by 9.44 meters wide, have been strategically placed throughout the seating bowl to draw the attention of fans. Each display's 5.9-millimeter pixel spacing contributes to excellent image clarity and contrast, immersing viewers even further in the action.
In June 2022, At InfoComm 2022 in Las Vegas, SiliconCore Technology Inc. revealed the world's first sturdy 1.2mm ultra-fine pixel pitch LED surface display. This is the only 1.2mm floor that does not require a separate overlay for a permanent structure. The non-reflective, durable, flat, water-resistant surface of the 4' x 7.4' LED floor display allowed visitors to walk directly on it. Loads of up to 1000 kg per square meter can be supported by the floor.
Similarly, recent developments related to companies in Pixel Pitch LED services have been tracked by the team at Future Market Insights, which are available in the full report.
The global Pixel Pitch LED Market is worth more than USD 1 Billion at present.
The value of Pixel Pitch LED Market are projected to increase at a CAGR of around 17.4% during 2022 to 2032.
The value of Pixel Pitch LED Market increased at a CAGR of around 20.5% during 2017 to 2021.
An increase in the use of fine pixel pitch LED displays in events and advertising, as well as an increase in the use of fine pixel pitch LED displays in the transportation sector, stands as the key trend in Pixel Pitch LED market.
The market for Pixel Pitch LED in US is projected to expand at a CAGR of around 21.7% during 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Upto 3mm 5.2. 1mm to 2mm 5.3. <1mm 6. Global Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Broadcast Screens 6.2. Digital Signage 6.3. Control Room and Monitoring 6.4. Visualization and Simulation 6.5. Others 7. Global Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Pixel Pitch LED Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Pixel Pitch LED Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. NEC Display Solutions Ltd. 15.2. Leyard Optoelectronics Co., Ltd. 15.3. Shenzhen AOTO Electronics Co. Ltd. 15.4. Panasonic Corporation 15.5. SiliconCore Technology, Inc. 15.6. NanoLumens 15.7. Christie Digital Systems USA, Inc. 15.8. Daktronics 15.9. PixelFLEX 16. Assumptions & Acronyms Used 17. Research Methodology
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Pixel Pitch LED Market
