Skyrocketing Demand for Fine Pixel Pitch LED Displays in Numerous Video Wall Applications to Drive Market Growth
The introduction of fine pixel pitch LED displays has enabled architects and designers in delivering digital content in pure form, over massive, seamless canvases. The global LED display industry is growing exponentially owing to the technology of fine pixel displays. The flexibility to function on low voltages, different designs, and a broad range of operating temperatures have emerged as the prime advantages related with the usage of LED solutions. Fine pixel pitch LED displays have gained a lot of popularity, particularly within commercial settings, owing to their increasing advantages including increased durability, enhanced quality, and increased energy efficiency.
Transparency Market Research (TMR), a market research company, throws light on the key attributes related to the global fine pixel pitch LED displays market and familiarizes the readers with the prime factors impacting the development of the market. In addition, the top segments in the market and their state in the coming years have also been presented.
Q. Which drivers and restraints will influence the development of the global fine pixel pitch LED displays market?
The increasing development of the market for video walls has immensely fuelled the development of the global fine pixel pitch LED displays market. Video walls are employed in a number of industry verticals including restaurants, retail stores, and sports stadiums. Fine pixel pitch LED displays are gaining demand in a number of video wall applications owing to their quality resolution displays, power efficiency, and high scalability.
Thus, owing to the promising opportunities exhibited by these displays, numerous companies globally have introduced new products in order to gain a competitive edge in the market. For example, recently, in June 2016, Planar and Leyard introduced the fine pitch LED video walls, having Leyard-TWA series. All these factors will positively impact the development of the overall market.
On the other hand, the global fine pixel pitch LED displays market is restrained by the skyrocketing cost of initial investment. The fine pixel pitch LED displays are priced at least three times higher in comparison to the other display technologies including LCDs and DLP rear projections. Nevertheless, these costs will be brought down by the ongoing activities of research and development in the market in forthcoming years.
Q. Which key segments will stimulate the development of the global fine pixel pitch LED displays market?
On the basis of type of fine pixel pitch LED displays, the 3mm pixel pitch LED displays segment is poised to touch US$1,658.0 mn by 2024. This segment is predicted to rise at a doubt-digit CAGR from 2016 to 2024. Geographically, Asia Pacific held a share of approximately 59% in 2015 and currently also holds a dominant share in the market due to the presence of main manufacturers in nations such as Taiwan, South Korea, China, and Japan. On the other hand, the regions of North America, Latin America, and the Middle East and Africa (MEA) also hold lucrative opportunities in this market.
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Q. What sustainability strategies have been implemented by the leading players in the market?
A number of tier 1 companies operating in the market for fine pixel pitch LED displays have established a robust presence globally and have penetrated the market fully. The names of these companies are Unilumin, Leyard, SiliconCore, NEC Display Solutions, Daktronics, and Christie. The company Leyard Optoelectronic Co., Ltd, a China-based company, has emerged as the top player in this market in terms of revenue. This company is expanding its presence by establishing strategic mergers and acquisitions. For instance, Planar Systems, Inc. and Glux Led Creative-Tech were taken over by Leyard Optoelectronic Co., Ltd in 2015.