Global Fine Pixel Pitch LED Displays Market to Reach $3.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Fine Pixel Pitch LED Displays estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$3.2 Billion by 2027, growing at a CAGR of 15.2% over the analysis period 2020-2027. Broadcast Screen, one of the segments analyzed in the report, is projected to record a 12.7% CAGR and reach US$558.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Digital Signage segment is readjusted to a revised 10.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $350.6 Million, While China is Forecast to Grow at 14.8% CAGR
The Fine Pixel Pitch LED Displays market in the U.S. is estimated at US$350.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$562 Million by the year 2027 trailing a CAGR of 14.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.2% and 13.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.
Control Room & Monitoring Segment to Record 17.8% CAGR
In the global Control Room & Monitoring segment, USA, Canada, Japan, China and Europe will drive the 17.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$297 Million in the year 2020 will reach a projected size of US$925.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$389.2 Million by the year 2027.We bring years of research experience to this 9th edition of our report. The 118-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Barco NV
- Christie Digital Systems USA, Inc.
- Daktronics, Inc.
- Leyard Optoelectronic Co., Ltd.
- NanoLumens Inc.
- NEC Display Solutions Ltd.
- PixelFlex LLC
- Shenzhen Absen Optoelectronic Co. Ltd.
- Shenzhen AOTO Electronics Co. Ltd.
- SiliconCore Technology Inc.
- Unilumin Group Co., Ltd.