Asia-Pacific Fine Pixel Pitch LED Displays Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Up to 3mm and 2mm to 1mm) and Application (Broadcast Screens, Digital Signage, Control Rooms and Monitoring, Visualization and Simulation, and Others)
The fine pixel pitch led displays market in APAC is expected to grow from US$ 738.44 million in 2021 to US$ 2517.33 million by 2028; it is estimated to grow at a CAGR of 19.1% from 2021 to 2028. Ultra-Fine Pixel Pitch LED Displays is also bolstering the growth of the industry. At present, the shipment volumes of ultra-fine pitch displays are low. However, these displays are gradually replacing LCD walls and projection DLP systems and can be successfully deployed across a wide spectrum of applications. Ultra-fine pitch LED displays are likely to gain traction in the coming years reliability that indicates lowest maintenance costs and it creates important realizable selling features and value in the market if addressed appropriately in the design and LED device specification phase. At present, displays with pixel pitch 1.56mm and 1.2mm are trending, but the products with 0.9 mm and lower pixel pitch are likely to be commercialized soon. The upcoming events such as 2020 Summer Olympics and the impending popularity of high-resolution screens are the major factors paving the way for LED displays with finer pixel pitches. In addition to the existing leaders in the fine pitch display market—Leyard and Unilumin Group—consumer electronics display manufacturers such as Sony, Samsung, and LG have now begun manufacturing fine pitch displays. They have introduced as miniLED and microLED display products with ≤1.0 mm pixel pitch. In 2016, Sony launched a modular microLED display product, called Crystal LED, previously known as CLEDIS (i.e., crystal LED integrated structure). Macroblock Inc. has successfully developed ultra-fine pitch microLED display modules in technological collaboration with the Industrial Technology Research Institute. Theses displays provide better brightness, better picture-quality, and less burn-in. Thus, ultra-fine pitch displays and LED video walls with high resolution, high dynamic range (HDR), and lower costs are gathering significant traction among LED display manufacturers and are emerging as a notable trend in the fine pixel pitch market, thereby contributing to the market growth.
APAC is characterized by many developing countries, high industrial presence, and positive economic outlook. Increasing urbanization and industrialization in these countries is presenting ample growth opportunities to the fine pixel pitch LED displays market players, as the investments in industrial and commercial development are quite high in the region. For instance, investment on smart city building as many countries are strategic planning that has a huge demand for fine pixel pitch displays. However, the ongoing COVID-19 pandemic is severely disrupting the growth of various sectors of APAC. It resulted in a slump in year-on-year performance and restricted corporate capital flows. The LED display manufacturing industry experienced low growth, as well as recession in first quarter of 2020. For example, in Shenzhen, one of the key LED display manufacturers in the world, ~80% companies had to lay off and reduce production to get through the difficult time. According to relevant data, in the second quarter of 2020, the revenue of LED display market in China increased by 34.6% month-on-month and 15.9% year-on-year, and small pixel pitch LED displays contributed a significant share to this performance. On the other hand, the rental LED display market is experiencing sluggish growth
The Control Rooms and Monitoring segment led the Fine Pixel Pitch LED Displays Market based on application in 2020. Displays used in control and monitoring rooms must be capable of showing as much content as possible. With features such as higher brightness, better color uniformity, no failure rate, easier maintenance, and better visual experience, fine pixel pitch LED displays have replaced LCD video walls in these applications. Fine pixel pitch LED displays are currently the best media solutions available that deliver ultimate visual performance for the operations in control and monitoring rooms. Moreover, unparallel features such as high refresh rate, excellent contrast ratio, and superb image presentations further drive their demand in these applications. Control Rooms monitor and control various processes, applications, and networks. In most applications, Control Room operators are responsible for recognizing potential problems and initiating responsive actions. As per a 2021 published report by Leyard Europe, the control room sector is the fastest growing with 26% year-to-year growth -and even 176% over the last two years- at the expense of all other video wall technologies. Therefore, the company is engaged in developing products for control rooms and monitoring. For instance, cost of the control rooms that Leyard is installing today is equipped with Pixel Pitches in the range of 1.2mm to 1.8mm. Those definitions have proven to fit the display content in relation to operator positions perfectly in many different layouts, which ultimately drives the growth of the Fine Pixel Pitch LED Displays Market
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