QYResearch forecast the global small pitch LED display market to grow at a CAGR above 44.22%
Small Pitch LED Display is a kind of LED Display, is collectively set the system, including LED display system, high-definition display control system and cooling system, with pixel-level control point technology, the display pixel units for brightness, color and uniformity of reducing state control. The Small Pitch LED display displays the greatest competitive completely seamless and natural true color display. Small pitch LED display LED dot pitch means less P2.5 indoor LED display, including P2.5, P2.0, P1.8, P1.5 etc.
Global small pitch LED display industry developed from 2012.The Lagest production is concentrated in China. The global small pitch LED display industry has reached a consumption volume of approximately 102173 Sq.m. in 2016. The global small pitch LED display industry has reached the sales value of approximately 752.23 million USD in 2016. China is the largest production country at currently, it accounted for 32.88% of total production in 2016. QYResearch forecast the global small pitch LED display market to grow at a CAGR above 44.22% over the next five years. The growth of the small pitch LED display technologies market is also driven by factors, such as cost and price decline to replace the traditional large screen display, DLP, LCD, PDP, etc.
As an emerging technology, small pitch LED display have enormous potential in the technology level than the DLP which are widely used in the indoor large screen display at now. Compared with other large screen display technology, small pitch LED display is better than the other except in the cost. With technology development of small pitch LED display and production capacity expansion of upstream raw material, the cost and price of small pitch LED display keeps a downward trend. Meanwhile, traditional large screen display manufacturers have also entered the small pitch LED display market. Like Barco, Christie which have strong customer relationships and rich capital often gain market share by lowering price. Price war is beneficial to consumers and it is only a matter of time to replace other large screen display.
The professional indoor large screen display market, business conference and education fields, high-end civilian market will be the driving growth to the small pitch LED display industry. Meanwhile, the construction of smart cities will stimulate the demand for the small pitch LED display in the transportation command center to monitor the security.
LED display industry chain has got the rapid development of both capacity and advanced technology, with the rapid rise of industry chain, various technology of the components will become more and more mature. As smaller and smaller pitch LED display board appears in the market, the applications gradually trends from outdoor to indoor in many different areas, which is expected to increase in the proportion of LED display application in all LED industry. Although small pitch LED display industry is still have a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group don’t recommend taking risk to enter this market.
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