According to a new report, published by KBV research, The Global Narrow Pixel Pitch LED Display Market size is expected to reach $3.5 billion by 2028, rising at a market growth of 15.0% CAGR during the forecast period.
The Digital Signage segment is showcasing a CAGR of 15.2% during (2022 - 2028). The increasing use of high-resolution digital signage in retail stores and corporate offices to enhance customer experiences as customers shop or use different applications on their smartphones or tablets is responsible for the segment's rise. In addition, the government sector is crucial in fostering innovation and the development of new technologies that improve people's lives and make daily chores easier to do. Hence, it is anticipated that the market will grow throughout the forecast period due to the numerous applications for narrow pixel pitch LED displays.
The 2mm to 1mm segment is leading the Global Narrow Pixel Pitch LED Display Market by Type in 2021 thereby, achieving a market value of $2.3 billion by 2028. Due to benefits including more precise and crisper images in professional applications, the demand for 2mm to 1mm thin pixel pitch led displays is expanding. Narrow pixel pitch LED display goods, including digital signage as well as other smart displays, are produced using the P1.0 to P1.29 mm size range. These sizes are usually used to provide information in a visible manner employing high contrast and rich colors at an 800x600 resolution or above.
The Asia Pacific market dominated the Global Narrow Pixel Pitch LED Display Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.3 billion by 2028. The Europe market is exhibiting a CAGR of 14.7% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 14.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/narrow-pixel-pitch-led-display-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of NEC Corporation, Ushio, Inc. (Christie Digital Systems, Inc.), Daktronics, Inc., Barco NV, Siliconcore Technology, Inc., Leyard Optoelectronic Co., PixelFLEX, Shenzhen Absen Optoelectronic Co Ltd., NanoLumens, Inc., and Unilumin Group Co., Ltd.
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