Tier 1 companies in the global fine pixel pitch LED displays market, namely Leyard, Unilumin, SiliconCore, Christie, NEC Display Solutions, and Daktronics, have a strong global presence with high penetration in the market. Transparency Market Research has observed that these companies have established strong brand names in the business of fine pixel pitch LED display solutions.China-based Leyard Optoelectronic Co., Ltd., the leading player in the global market by revenue, has been concentrating on increasing its global presence through strategic mergers and acquisitions. In 2015, the company acquired Glux Led Creative-Tech and Planar Systems, Inc.
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The revenue generated by the global fine pixel pitch LED displays market is projected to reach US$3.1 bn by 2024, rising from US$677.1 mn in 2015. The market is expected to register a 15.8% CAGR from 2014 to 2024.
Asia Pacific accounted for around 59% of the total global fine pixel pitch LED displays market in 2015, emerging as the leading regional segment. The markets in the Middle East and Africa (MEA) and Latin America are likely to present potential opportunities for fine pixel pitch LED displays in the coming years. The fine pixel pitch LED displays market in MEA is projected to expand at a CAGR of 28.9% during the forecast period.
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The growth of the video wall market in recent years has had a considerable impact on the fine pixel pitch LED displays market. Video walls are used in various industry verticals such as sports stadiums, retail stores, and restaurants. “Considering the high scalability, power efficiency, and quality resolution display, fine pixel pitch LED displays have gained popularity in video walls applications,” the lead analyst states. Recognizing the potential of these displays, a number of companies have launched new products to gain a competitive edge. For instance, Leyard and Planar launched the Leyard-TWA series of fine pitch LED video walls in June 2016.