Fine Pitch LED Display Market Size, Share, Growth, and Industry Growth by Type (P2.1-P2.5 mm, P1.7-P2.0 mm, P1.3-P1.69 mm, P1.0-P1.29 mm, and Below P1mm) By Application (Commercial, Government Organization, Military Institution, TV & Media Industry, and Transportation Industry) Regional Forecast By 2031

Updated On: 08 April 2024

Fine Pitch LED Display Market Report Overview

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The global fine pitch LED display market size is estimated to be USD 2928.1 million in 2022, as per our research, the market is projected to touch USD 4,821.38 million by 2031, exhibiting a CAGR of 5.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with fine pitch LED display experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Fine pitch LED display allows viewers to experience high-quality screens. It has better visibility and brightness.

Rapid digitalization and huge demand for digital advertising is estimated to fuel market growth. Huge growth in tourism and easy content management through display marketing is anticipated to fuel market growth. Growing telecommunication and rise in practice of attending online sessions. These factors are estimated to fuel market growth in forthcoming years.  Rise in implementation of technologies such as artificial intelligence, and Big Data is predicted to surge market progress. Large scale demand for outdoor advertising and high need for better resolution and closer view distance is estimated to fuel market growth in the forthcoming years. Increased spending capacity of consumer is predicted to drive market growth. On the contrary, huge electricity consumption and high cost during installation is estimated to limit market progress in the forthcoming years.   

COVID-19 Impact: Shutdown of Factory and Travel Bans to Restrict Market Growth

The outbreak of COVID-19 pandemic created significant disruptions in end-user sector. Shutdown of factory, travel bans, and lockdown restrictions to limit market growth. Significant lack of disruption in primary sectors such as semiconductor, electronics, and manufacturing units to minimize market progress.

LATEST TRENDS

"Continuous Development and Research Activities to Fuel Market Growth"

Increasing demand for continuous development and increased research activities is estimated to fuel market growth. Rapid development in electronic sector and huge adoption of LED video wall technologies is anticipated to surge market growth. Further undergoing digital transformation and several features associated with the technology such as bendable, ultra-HD, ultra-slim, and high-resolution displays. These features of the display are anticipated to surge market progress. Presence of advanced IT and improve communication infrastructure is estimated to fuel market growth in the forthcoming years. Increased R&D activities and rapid industrialization is predicted to fuel market growth. Additionally, huge adoption of the display in stadium to ensure audience to have clear vison of the game is anticipated to boost market growth.   

Fine Pitch LED Display Market Segmentation

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• By Type

Based on type, the market is divided into P1.7-P2.0 mm, P2.1-P2.5 mm, P1.3-P1.69 mm, P1.0-P1.29 mm, and Below P1mm.

P1.7-P2.0 mm is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into commercial, government organization, military institution, TV & media industry, and transportation industry.

Government organization is expected to be the top part of application segmentation.

DRIVING FACTORS

"Rapid Growth in Digitalization to Surge Market Growth"

Increased demand for digitalization and huge need for display management is estimated to fuel market growth. Rise in need for digitalization in hotels, resorts, cafes and restaurants. Huge demand to strengthen brand image and reputation is estimated to boost digitalization. Increased need for technical features and rapid growth in tourism. These features are anticipated to surge market growth in the forthcoming years.  High demand for animations, graphics, and other interactive programs is estimated to install pitch LED display in the upcoming years. Huge adoption of the technology at elevator bank, lobbies, guest room, hallways, conference halls, & entrance and exists, and stadium. Such broad usage of the technology is estimated to fuel fine pitch LED display market progress.

"Huge Need for Advertising in Events to Fuel Market Growth "

Increased need for advertising in events and upgraded need of teleconference and telecommunication is estimated to fuel market growth. Rise in practice of attending online sessions and high need for improving revenues in business by digitalization is estimated to fuel market growth in the forthcoming years. Rise in implementation of technologies such as artificial intelligence, and Big Data is predicted to surge market progress. Large scale demand for outdoor advertising and high need for better resolution and closer view distance is estimated to fuel market growth in the forthcoming years. Increased spending capacity of consumer is predicted to drive market growth.

RESTRAINING FACTORS

"High Costs during Installation to Limit Market Growth "

Huge electricity consumption and high cost during installation is estimated to limit market progress in the forthcoming years.  

Fine Pitch LED Display Market Regional Insights

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"Increased for Digital Advertising in North America to Drive Market Share "

North America is estimated to account for the highest fine pitch LED display market share due to increased need for digital advertising. Growing telecommunication and rise in practice of attending online sessions. These factors are estimated to fuel market growth in forthcoming years.  Rise in implementation of technologies such as artificial intelligence, and Big Data is predicted to surge market progress. Large scale demand for outdoor advertising and high need for better resolution and closer view distance is estimated to fuel market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Leyard (China)
• Unilumin (China)
• Liantronics (China)
• Absen (China)
• SANSI (China)
• AOTO Electronics (China)
• Barco (Belgium)
• VTRON (China)
• Elec-Tech International (Retop) (China)
• GQY (China)
• Triolion (China)
• Kingsun Optoelectronic (Coleder) (China)
• Chip Optech (China)
• SiliconCore (U.S.)
• Christie (U.S.)
• Shenzhen Mary Photoelectricity Co., Ltd (MRLED) (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.