Fine-pixel-pitch displays cost almost three times more than other technologies, including digital light processing (DLP) projection and liquid crystal displays (LCDs). Yet their demand is set to soar in the upcoming years. Growing competition among purveyors, coupled with extensive research and development that will bring down the cost of technology, will likely put downward pressure on prices eventually. So far, the growth has been driven by the technology’s scalability, energy efficiency, and image resolution.
Browse the full Fine Global Pixel Pitch LED Displays Market Report: http://www.mrrse.com/fine-pixel-pitch-led-displays-market
Among the various sales channels for fine pixel pitch LED displays, e-commerce websites are likely to experience maximum traffic due to good internet connectivity almost everywhere in the world. In 2015, the global market for fine-pixel-pitch LED display market was worth US$0.677 bn. Expanding at an eye-popping CAGR of 15.8%, the market is expected reach US$3.1 bn by 2024.
Video Wall Market Drives Demand for Fine Pixel Pitch LED Displays
The gap between the centers of each pixel, which is actually a cluster of a red, blue, and green diodes, is referred to as pixel pitch. The lesser the distance between pixels, the finer the pixel pitch and better the resolution. Hence the name fine pixel pitch display.
The upswing in the video wall market has fueled an uptick in the demand for fine pixel pitch LED displays. Video walls find application in different industry verticals, including retail stores, sports stadiums, and restaurants. This is on account of their high scalability, quality resolution display, and power efficiency.
Realizing the potential of fine pixel pitch displays, quite a few companies have launched new products in order to gain an advantage in the market. Leyard and Planar, for example, launched the Leyard-TWA series of fine pitch LED video walls in June 2016.
Large Number of Manufacturers makes Asia Pacific Market Highly Lucrative
Geographically, the report segments the market into Latin America, North America, Eastern Europe, Western Europe, Asia Pacific, and MEA. Among them, Asia Pacific dominated the market with a share of well over 59.0% in revenue. This is mainly because of the presence of a large number of manufacturers of LED displays in countries such as South Korea, China, Taiwan, and Japan. The easy availability of raw materials in this region has also boosted the market.
The region has further experienced a rising demand for the products in corporate offices, retail stores, shopping malls, and in sporting events. Leyard Optoelectronic Co., Ltd., NEC Display Solutions Ltd., Shenzhen AOTO Electronics Co., Ltd., Panasonic Corporation, and Shenzhen Absen Optoelectronic Co., Ltd. are some of the established players contributing significantly to the market in the region.
Browse the full Press Release of Global Pixel Pitch LED Displays Market at :http://www.mrrse.com/fine-pixel-pitch-led-displays-market-report
Along with Asia Pacific, the markets in Latin America and the Middle East and Africa (MEA) are likely to offer immense scope for the growth in demand for fine pixel pitch LED displays in the years to come. The fine pixel pitch LED displays market in MEA is predicted to exhibit a CAGR of 28.9% during the period from 2015 and 2024.