Thursday, May 19, 2022 at 4:00:00 PM GMT+00:00
Product segment trend
Regional market trend
LED display market is currently one of the most dynamic and potential markets in the world. With the advent of the digital age, people's demand for high-quality, high-definition and high-brightness display is increasing, and the market demand for LED display is also increasing. According to statistics from AlliedMarketResearch and China Business Research Institute, the global LED display market is expected to reach $8.29 billion in 2022.
Global LED display market size, picture source: China Business Information Network
In terms of product segments, the LED display market mainly includes indoor display, outdoor display, LED TV, LED large screen and other fields. Among them, outdoor display market growth is the fastest, is expected to grow more than 20 percent year-on-year. This is mainly due to the continuous expansion of the outdoor advertising media market and increased demand for outdoor venues and events. In addition, with the continuous development of the digital entertainment industry, the LED TV and LED large screen market will also maintain rapid growth.
Outdoor display market, image credit: Grand View Research
In terms of regional market, the Asia-Pacific region is the largest market in the global LED display market. With the increasing industrialization and urbanization of countries in the Asia-Pacific region, the market demand for LED display will continue to increase. In addition, the Americas and Europe markets will maintain steady growth.
In terms of technology, macro LED display technology will be a major trend in the market in 2022. Compared to traditional LED display technology, macro LED displays have higher resolution and higher brightness, while enabling smaller display units and greater flexibility. In addition, with the continuous improvement of full-color display technology, high dynamic range (HDR) and wide gamut technology will gradually become more popular, improving the user's visual experience of the display.
Small pitch LED display market size, picture source: China Business Information network
The global LED display market will continue its rapid growth trend in 2022, especially in the outdoor display and LED TV markets. With the continuous development of macro LED technology and full color display technology, LED display market will be more diversified and professional. Meanwhile, the Asia-Pacific region will continue to be the main growth engine for the global LED display market, but the European and American markets will also maintain steady growth.
3D display market, image credit: Grand View Research
In conclusion, the global LED display market will continue to grow rapidly in 2022, especially in the outdoor display and LED TV markets. With the continuous development of macro LED technology and full color display technology, LED display market will be more diversified and professional. For LED display manufacturers and suppliers, they need to constantly introduce products with high performance and high quality, and constantly improve and upgrade technology to meet customers' demand for high quality and high performance display.
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