TrendForce: the LED ultra-fine pitch display market to reach 58% CAGR by 2023

27 Декември 2019, 11:29:01

TrendForce: the LED ultra-fine pitch display market to reach 58% CAGR by 2023The latest report by the LEDinside research division of TrendForce predicts that the LED fine pitch display (pixel pitch ≤ P2.5) market is expected to reach 27% CAGR in the 2019-2023 period. In addition, the ultra-fine pitch display (pixel pitch ≤ P1.1) market is projected to reach 58% CAGR. This will be mainly due to the high demand for high-resolution displays with HDR.

For 2019, the LED fine pitch display market registered a 31% YoY growth to $2.6 billion. The top seven players in this market contribute to a 66% share of the total market. The top six places are occupied by Chinese manufacturers. With the increasing demand for 8K resolution, LED video walls will find a much wider application, hence the market for LED fine pitch displays is expected to increase significantly. Another market driver is the 2020 Summer Olympics in Tokyo.

In addition to existing leaders in the fine pitch display market, namely, Leyard and Unilumin Group, global players in the consumer electronics display market, such as Sony, Samsung, and LG, have now begun manufacturing fine pitch displays, with even finer (≤P1.0) pixel pitch display products. Some of these products include Mini LED and Micro LED displays.Източник

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