Tier 1 companies in the global fine pixel pitch LED displays market,
namely Leyard, Unilumin, SiliconCore, Christie, NEC Display Solutions,
and Daktronics, have a strong global presence with high penetration in
the market. Transparency Market Research has observed that these
companies have established strong brand names in the business of fine
pixel pitch LED display solutions.
China-based Leyard Optoelectronic Co.,
Ltd., the leading player in the global market by revenue, has been
concentrating on increasing its global presence through strategic
mergers and acquisitions. In 2015, the company acquired Glux Led
Creative-Tech and Planar Systems, Inc.
The revenue generated by the global fine
pixel pitch LED displays market is projected to reach US$3.1 bn by 2024,
rising from US$677.1 mn in 2015. The market is expected to register a
15.8% CAGR from 2014 to 2024.
APAC, LATAM, and MEA Identified as Highly Lucrative Markets
Based on type, the segment of up to 3mm
pixel pitch LED displays is expected to value US$1,658.0 mn by the end
of the forecast period, expanding at a double-digit CAGR between 2016
and 2024.
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Asia Pacific accounted for around 59% of
the total global fine pixel pitch LED displays market in 2015, emerging
as the leading regional segment. The markets in the Middle East and
Africa (MEA) and Latin America are likely to present potential
opportunities for fine pixel pitch LED displays in the coming years. The
fine pixel pitch LED displays market in MEA is projected to expand at a
CAGR of 28.9% during the forecast period.
Considering the sales channels for fine
pixel pitch LED displays, e-commerce websites are likely to observe high
demand in the coming years due to the spread of internet services
across the world.
Digital signage and visualization and
simulation applications were the potential application areas for fine
pixel pitch LED displays in 2015. However, control rooms and monitoring
applications are anticipated to register high growth during the forecast
period.
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