Europe Fine Pixel Pitch LED Displays Market is expected to reach US$ 1064.81 million by 2028

2mm to 1mm Segment to Dominate Europe Fine Pixel Pitch LED Displays Market during 2020–2028

According to a new market research study on “Europe Fine Pixel Pitch LED Displays Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and application,” is expected to reach US$ 1064.81 million by 2028 from US$ 359.88 million in 2021. The market is estimated to grow at a CAGR of 16.8% from 2021 to 2028. The report provides trends prevailing in the Europe Fine Pixel Pitch LED Displays Market along with the drivers and restraints pertaining to the market growth. Surge in Use of Fine Pixel Pitch LED Displays in Events, Advertising, and Smart City Applications are the major factor driving the growth of the Europe Fine Pixel Pitch LED Displays Market. However, rising Cost of Fine Pixel Pitch LED Displays and Lack of Knowledge hinder the growth of Europe Fine Pixel Pitch LED Displays Market.

Germany, Spain, Italy, the UK, and France are among the most affected European countries due to the COVID-19 outbreak. Businesses are suffering from financial crises as they had to either suspend their operations or reduce their activities substantially to abide by the social distancing norms and lockdown impositions. Europe is one of the major information technology (IT)hubs. Moreover, the demand for display panels is significantly high in the region due to vast awareness regarding the availability and benefits of products based on innovative technologies, such as OLED. However, business shutdowns and travel bans have restricted the growth of various sectors in Europe; this led to an economic slump in many European countries in 2020, which is likely to continue in 2021 as well. Disrupted supply chains in several European countries and fall in demand have been limiting the performance of manufacturing sector, including the hardware manufacturing businesses. Demand was further contracted by confinements of industries such as the sport facilities, public broadcasting stations, events, and educational sector, implying lower demand for LED products.

The Europe fine pixel pitch LED displays market is segmented on the bases of type, application. Based on type, the market is segmented upto 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 Europe 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; 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 Europe 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. For instance, in 2021, The Christie lineup of indoor LED video walls is fast becoming the preferred choice of clients in India from various market segments – Because of their high-performance, versatility, and flexibility. More than 20 large-sized video walls with pixel pitches of less than 2mm have been installed in corporate, financial, information technology, medical, and healthcare facilities, as well as educational institutions

The report segments the Europe Fine Pixel Pitch LED Displays Market as follows:

Europe Fine Pixel Pitch LED Displays Market – By Type

• Upto 3mm
• 2mm to 1mm

Europe Fine Pixel Pitch LED Displays Market – By Application

• Broadcast Screens
• Digital Signage
• Control Rooms and Monitoring
• Visualization and Simulation
• Others

Europe Fine Pixel Pitch LED Displays Market – By Country

• France
• Germany
• UK
• Italy
• Russia
• Rest of Europe