Europe 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 Europe is expected to grow from US$ 359.88 million in 2021 to US$ 1064.81 million by 2028; it is estimated to grow at a CAGR of 16.8% from 2021 to 2028. Increasing Adoption of Fine Pixel Pitch LED Displays in Developing Countries is also bolstering the growth of the industry. LED displays have become an indispensable facility in world-class stadiums. These screens allow fans present in stadium to watch the event details and enliven the scene, along with bringing in considerable advertising revenue. Absen's A1099/A1699, XD/XD PLUS, and SR series of outdoor LED displays offer multiple industry-leading technical features for a wide range of applications in the sports industry. Brazil is home to a plethora of LED display suppliers due to the popularity of sports such as football and basketball in the country. In 2014, the country hosted a mega event—FIFA World Cup Brazil—across 12 stadiums, all of which were equipped with perimeter LED display systems provided by AOTO Electronics. Further, it also hosted the 2016 Olympics in Rio de Janeiro, and it is likely to host more such grand sporting events in the coming years. These events are fostering the growth of fine pixel pitch LED displays. The hospitality industry is undergoing significant change. The rapid growth in tourism is prompting it to capitalize on digital advertising for events and promotions. Hotels need to implement simplified display management and easy content management across multiple locations to provide guests with a seamless digital experience from the moment they walk in the lobby. Therefore, digital signage are being considered a huge part of the future of hoteling business. Digitalization helps hotels, restaurants, holiday resorts, and other hospitality venues to strengthen their reputation and brand image. Instead of using static, passive signage systems, which guests tend to ignore or overlook, they can connect with guests using motion graphics, animations, and other interactive programs installed on touchscreen devices or signage placed at lobbies, elevator banks, guest rooms, entrances and exits, hallways, and conference halls. Indoor display advertising, which is considered the most traditional approach, has become one of the highly effective ways to advertise new products. These factors are contributing to the increasing demand for the fine pixel pitch LED displays, thereby contributing to the market growth.
Germany, Spain, Italy, the UK, and France are among the most affected European countries due to the COVID-19 outbreak. Businesses are suffering from financial crises as they had to either suspend their operations or reduce their activities substantially to abide by the social distancing norms and lockdown impositions. Europe is one of the major information technology (IT)hubs. Moreover, the demand for display panels is significantly high in the region due to vast awareness regarding the availability and benefits of products based on innovative technologies, such as OLED. However, business shutdowns and travel bans have restricted the growth of various sectors in Europe; this led to an economic slump in many European countries in 2020, which is likely to continue in 2021 as well. Disrupted supply chains in several European countries and fall in demand have been limiting the performance of manufacturing sector, including the hardware manufacturing businesses. Demand was further contracted by confinements of industries such as the sport facilities, public broadcasting stations, events, and educational sector, implying lower demand for LED products.
The 2mm to 1mm segment led the Fine Pixel Pitch LED Displays Market based on type in 2020. LED displays with a 1.5mm pixel pitch consist of more pixels per module than the displays with 4mm pixel pitch, and they reproduce 4K resolution of 3,840 × 2,160 pixels in much less physical space. This assists the organizations achieve a higher resolution, and their assembly processes have lower materials requirements. For installations that will be viewed up close or where higher resolution is required, stepping up to 1.5mm pixel pitch is generally preferred. However, displays with 1.5 mm pitch would work perfectly where there is not much viewing distance, but high resolution is required. 1–2mm pixel pitch LED displays are used in retail interior meeting rooms lobbies transportation command and control rooms. Leyard's DirectLight Series of fine pitch LED video wall displays enables ultra-slim, front service installations in indoor environments; they deliver industry-leading resolution with sub-1 mm pixel pitch clarity. The Series includes a choice of four fine pixel pitch models in the range of 0.9–1.8 mm. This includes an adjustable wall mount, full front service access, a remote power supply with optional redundancy, full hot swap capability and the ability to reduce the number of required power circuits., which ultimately drives the growth of the Fine Pixel Pitch LED Displays Market.
The overall Europe Fine Pixel Pitch LED Displays Market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe Fine Pixel Pitch LED Displays Market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Fine Pixel Pitch LED Displays Market. Christie Digital Systems USA, Inc.; Daktronics; PixelFLEX; Sharp NEC Display Solutions of America, Inc; SHENZHEN ABSEN OPTOELECTRONIC CO., LTD; Shenzhen AOTO Electronics; SiliconCore Technology Inc; and Unilumin are among a few players operating in the Europe Fine Pixel Pitch LED Displays Market
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