North America Fine Pixel Pitch LED Displays Market 2021-2028 - Increasing Use of Fine Pixel Pitch LED Displays in Events, Advertising, and Smart City Applications - ResearchAndMarkets.com

The "North America Fine Pixel Pitch LED Displays Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

North America Fine Pixel Pitch LED Displays Market is expected to reach US$ 1323.02 million by 2028 from US$ 407.65 million in 2021. The market is estimated to grow at a CAGR of 18.3% from 2021 to 2028.

North America is one of the leading regions in terms of the developments and adoption of new technologies; this is mainly attributed to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world's worst affected country due to COVID-19 outbreak.

The increase in spending on digital display advertising and out-of-home advertising by most of the major brands in the US and Canada is a key factor driving the growth of fine pixel pitch LED displays in the region. The market players in North America are also open to the critical supply and supply chain.

However, the imposition of lockdown and shutdown of businesses adopted have decelerated the production of fine pixel pitch LED displays. Thus, limited availability of workforce, coupled suspension of various operations, has resulted in a substantial loss in the North America fine pixel pitch LED display market.

The North America fine pixel pitch LED displays market is segmented on the bases of type, application. Based on type, the market is segmented up to 1-2 mm and 3 mm. In terms of application, the market is segmented into broadcast screens, digital signage, control rooms and monitoring, visualization and simulation, and others. In 2020, the 2mm to 1mm segment held the largest share North America Fine Pixel Pitch LED Displays Market. Based on application control rooms and monitoring segment accounts for largest market share in the 2020.

Christie Digital Systems USA, Inc.; Daktronics; LEYARD; NanoLumens; PixelFLEX; Sharp NEC Display Solutions of America, Inc; SHENZHEN ABSEN OPTOELECTRONIC CO. LTD; Shenzhen AOTO Electronics; SiliconCore Technology Inc; Unilumin are among the leading companies in the North America fine pixel pitch LED displays market.

The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

Key Market Dynamics

Market Drivers

• Surge in Adoption of Fine Pixel Pitch LED Displays in Developing Countries
• Increasing Use of Fine Pixel Pitch LED Displays in Events, Advertising, and Smart City Applications

Market Restraints

• High Cost of Fine Pixel Pitch LED Displays and Lack of Knowledge

Market Opportunities

• Emerging Applications of Flexible LED Displays with Fine Pixel Pitch

Future Trends

• Ultra-Fine Pixel Pitch LED Displays

Companies Mentioned

• Christie Digital Systems USA, Inc.
• Daktronics
• LEYARD
• NanoLumens
• PixelFLEX
• Sharp NEC Display Solutions of America, Inc
• SHENZHEN ABSEN OPTOELECTRONIC CO., LTD
• Shenzhen AOTO Electronics
• SiliconCore Technology Inc
• Unilumin

For more information about this report visit https://www.researchandmarkets.com/r/gm7af9

View source version on businesswire.com: https://www.businesswire.com/news/home/20211015005212/en/