North America 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 North America is expected to grow from US$ 407.65 million in 2021 to US$ 1323.02 million by 2028; it is estimated to grow at a CAGR of 18.3% from 2021 to 2028. Increasing Use of Fine Pixel Pitch LED Displays in Events, Advertising, and Smart City Applications is also bolstering the growth of the industry Fine pixel pitch LED display technology has undergone rapid developments in last few years. Since the emergence of COVID-19, the demand for fine pixel pitch LED displays has increased in telecommunication and teleconferences due to the rise in practice of attending online sessions. For example, various country representers were asked to attend the 2020 ShangHai Cooperation Organization Summit hosted by Russia from their respective places over audiovisual communication channels. Further, outdoor advertising plays a crucial role in improving revenues of various businesses; it has gained traction with a progressive loss of interest in traditional marketing. Fine pixel pitch LED displays are used on a large scale in outdoor advertising for gathering significant attention of viewers.
The world is likely to have more than 26 smart cities by 2025, and North America and Europe would together have 16 of these. Furthermore, by 2030, the US, Western Europe, and China would collectively account for more than 70% of global smart city spending.
As per a report by Frost &Sullivan, smart city spending on technologies is anticipated to increase from USD 96 billion in 2019 to USD 327 billion in 2025, at a CAGR of 22.7% during 2019–2025. Thus, the projected rise in implementation of technologies such as Big Data and artificial intelligence would generate huge demand, thereby creating more and more opportunities for online city service population analysis and open data dashboards. These technology-driven developments in smart cities are likely to boost the demand forfine pixel pitch LED displays in smart cities in the coming years. For example, smart pole is an outdoor LED display along with a back-end software solution; it enables a centralized network of digital display to push the dynamic content with minimum manual intervention.
North America is one of the leading regions in terms of the developments and adoption of new technologies; this is mainly attributed to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world’s worst affected country due to COVID-19 outbreak. The increase in spending on digital display advertising and out-of-home advertising by most of the major brands in the US and Canada is a key factor driving the growth of fine pixel pitch LED displays in the region. The market players in North America are also open to the critical supply and supply chain. However, the imposition of lockdown and shutdown of businesses adopted have decelerated the production of fine pixel pitch LED displays. Thus, limited availability of workforce, coupled suspension of various operations, has resulted in a substantial loss in the North America fine pixel pitch LED display market.
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 is ultimately drives the Fine Pixel Pitch LED Displays Market.
The overall North America 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 North America 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; LEYARD; NanoLumens; PixelFLEX; Sharp NEC Display Solutions of America, Inc;SHENZHEN ABSEN OPTOELECTRONIC CO., LTD; Shenzhen AOTO Electronics; SiliconCore Technology Inc; Unilumin are among a few players operating in the North America mineral Fine Pixel Pitch LED Displays Market
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