July 27, 2022 08:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, July 27, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Increasing penetration of smart LED-based display technology in digital signage, conference room, and control room applications is generating sizable lucrative opportunities. Control rooms are witnessing massive adoption of state-of-the-art LED display technologies, and has held a major fine pixel pitch LED displays market share in 2021. The global market is projected to advance at CAGR of 17.4% during 2022–2031.
Growing adoption of innovative dynamic displays for events and advertisement applications in several industries are expanding size of fine pixel pitch LED displays market. Brands across sectors are embracing fine pixel LED displays for engaging customers through promotional messages and contents. Evidently, over the years, such commercial advertising contents have proliferated, whereby manufacturers have reaped substantive revenue gains in the fine pixel pitch LED displays market.
Fine pitch LED displays manufacturers and suppliers are targeting new customer propositions on the back of continuous technological advancements. This has led to improvements in product attributes such as refresh rate, imaging quality, compatibility with various content types, viewing angles, among many others. This is enabling market players to capture revenue streams in emerging applications, notably in transportation and broadcast screens.
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Key Findings of Fine Pixel Pitch LED Displays Market Study
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Fine Pixel Pitch LED Displays Market: Key Drivers
Fine Pixel Pitch LED Displays Market: Regional Growth Dynamics
Asia Pacific held a major share of the global fine pixel pitch LED displays market in 2021. High rate of product adoption in the regional market has been fuelled by use of LED displays in product promotion at retail stores and advertisement by brands.
Presence of several LED manufacturers, who have committed substantial R&D funds on the technology, has enriched the prospects, find the study on the global fine pixel pitch LED displays market. In the coming years, new revenue streams will emanate from rapid pace of industrialization with focus on Industry 4.0 automation technologies.
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Fine Pixel Pitch LED Displays Market: Competition Landscape
The authors of the fine pixel pitch LED displays market study observed a high degree of consolidation of shares among a few vendors. Top players are focusing on product diversification to expand their market shares.
Some of the key players in the market include Unilumin Group Co., Ltd., SiliconCore Technology Inc., Shenzhen Absen, PixelFlex LLC, NanoLumens Inc., Leyard Optoelectronic Co., Ltd., Daktronics, Inc., Barco NV, and AOTO Electronics Co., Ltd.
Fine Pixel Pitch LED Displays Market Segmentation
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