Albany, NY -- (SBWIRE) -- 04/25/2018 -- With the rapid development of society, LED displays use is also becoming more common. Over the last decade, the usage of the small pitch LED display market has grown significantly and adoption of these display will continue to accelerate. Owing to less power consumption and high brightness owing to extensive utilization of small pitch LED display across various application segments especially in automotive, media & entertainment and telecommunication among others is predicted to boost the market growth in the coming years. In addition, in the commercial application, these types display is mainly used for information distribution. Thus, the small pitch LED display market is anticipated to grow at a steady rate during the forecast period from 2017 to 2025. Furthermore, other major benefits such as compact size, low heat dissipation rate, lower maintenance expenses, and enhanced durability are also forecasting the growth of global small pitch LED display market in coming years.

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Global small pitch LED display market has been segmented on the basis of product type, end user and geography. Based on the product type, the market for small pitch display market has been segmented into various types which includes up to 50mm, 12.5mm, 2.5mmm, more than 2.5 mm. In addition, across the globe, usages of small pitch LED display has gain strong momentum in advertising sector which in turn is expected to increase the demand of small pitch LED display in future years. In international markets, small pitch LED displays have shown strong growth in North America, South Asia, Southeast Asia, and Europe.

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Continuous technological advancement in small pitch LED display technology and the growth witnessed in the demand for 4K display technology is likely to positively encouragement the revenue of the global small pitch LED display market during the forecast period. On the basis of end use industry, the market for small pitch LED display market is bifurcated into various types which includes consumer electronics, media & advertisement, military & defense, transportation and healthcare among others. In 2016, consumer electronics and media & entertainment segment hold the maximum share among other end use industry in global small pitch LED display market. Moreover, media and entertainment sector is expected to register a high CAGR rate during the forecast period.