LED display is a kind of display device which is composed of LED light beads. By regulating the brightness and luminous state of each lamp bead, it can show diversified contents such as text, image and video on the screen. LED display is widely used in many fields such as advertising, media, stage and commercial display because of its high brightness, long service life, colorful colors and wide viewing angle.
Dvelopment status of LED display industry
With the acceleration of urbanization and the increasing improvement of public facilities, outdoor advertising, city lighting and other fields also put forward a large number of demand for LED display screen. LED display screen is widely used in advertising, sports, stage performances, conference activities, corporate displays, radio and television broadcasting, government, public security, transportation, culture and tourism, education, churches and other fields.
Nowadays, the market size of China’s LED display industry is also expanding, showing a steady growth trend. According to the data, China’s LED display market size grows year by year, from 53.2 billion yuan in 2020 to 63.5 billion yuan in 2022, and the market size grows to 68.4 billion yuan in 2023. With the expansion of the production scale and the continuous progress of technology, the manufacturing cost of small pitch LED display is gradually reduced. More customers can afford the maintenance costs, further promoting the expansion of the market scale.
LED display is replacing #LCD wall, projection, conference machine and other products for its price reduction and performance advantages. In the future, with the gradual maturity of small-pitch and Micro LED display technology, as well as the decline in manufacturing prices, LED display technology will gradually be applied in a wider range of professional display, commercial display, household and other fields.
Technological innovation continues to expand the new boundaries of LED display applications, XR virtual shooting development at the right time. XR virtual shooting for film and television production team in the travel, set, post-production and other links to save a lot of cost, and the actors can directly interact with the virtual scene, reducing the interpretation of the difficulty is now extremely friendly means of film and television shooting.
Future Development Direction
Although the entry requirements of the LED display industry is very high, but screen products will be easily copied, with the understanding of the basic technical principles and production elements. China led display was once in a crisis of reputation because of high degree of similarity and bad quality.
After covid-19, domestic LED display industry carried out an unprecedented reshuffle. A number of enterprises were eliminated because of the suspension of production. The chain reactions brought about by the epidemic, such as the rise in chip prices driving up raw material prices across the industry, have caused a number of companies to be eliminated. As a result, screen enterprises recognize the importance of scientific and technological innovation, product quality and differentiation, have increased investment in this.
The company attaches great importance to the construction of R&D capabilities and continues to strengthen its R&D strength. The growth of the LED industry can be described as “in the ascendant”.
