Portland, OR, Feb. 23, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global narrow pixel pitch LED displays market was estimated at $1.5 billion in 2021 and is expected to hit $7.1 billion by 2031, registering a CAGR of 16.7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.5 Billion |
| Market Size in 2031 | $7.1 Billion |
| CAGR | 16.7% |
| No. of Pages in Report | 197 |
| Segments Covered | Type, Application and Region |
| Drivers | Increase in demand for narrow pixel pitch LED displays from the advertising and signage industry |
| Advancements in LED technology and increase in adoption of cloud-based content management systems drive the market growth | |
| High cost of installation and maintenance | |
| Opportunities | Rapid technological advancements in the LED display technology is expected to drive the market growth |
Covid-19 Scenario
- The outbreak has created significant disruptions in primary industries including electronics, semiconductor, and manufacturing. A sharp decline in the growth of mentioned industries is impacting the growth of the global fine pixel pitch LED displays market as they are the major supply sources for fine pixel pitch LED displays products and solutions.
- This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall Narrow Pixel Pitch LED Displays market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current global Narrow Pixel Pitch LED Displays market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the Narrow Pixel Pitch LED Displays market.
- The report includes the market share of key vendors and global Narrow Pixel Pitch LED Displays market trends.
Narrow Pixel Pitch LED Displays Market Key Segments:
Type
- Upto 3mm
- 2mm to 1mm
Application
- Broadcast Screens
- Digital Signage
- Control Rooms and Monitoring
- Visualization and Simulation
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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