LED Display Market Research and Trends for 2025

The worldwide LED display industry is growing quickly because of new technologies and more demand in advertising, sports, and retail. Recent studies show that the sector is going to develop a lot, and new technologies like mini-LED and micro-LED are leading the way.

In this piece, we'll talk about the main competitors, market trends, and future prospects that are affecting this fast-changing business. Let's get started!

1. Different kinds of LED displays

There are many distinct kinds of LED displays, and they may be grouped in many ways:

1.1 By Pixel Pitch

(1) LED displays with a small pixel pitch (P2.5 and lower)

Known for having excellent definition, fast refresh rates, and minimal power use in high-end interior spaces including command centers, conference rooms, and exhibits.

(2) Standard LED Displays (P2.5-P10)

Used for outdoor advertising, stage backdrops, and sports arenas, it has good cost performance.

(3) LED displays with a large pixel pitch (P10 and above)

Best for watching from a distance outside, as in plazas, stations, and airports.

1.2 By the way the package is put together

(1) SMD LED screens

These are the most common choice for many uses since they are very dependable and cheap thanks to Surface Mount Technology (SMT).

(2) COB LED Screens

Chips that are directly placed on the PCB are often utilized in thin pixel pitch displays because they are dense, reliable, and protected.

(3) GOB LED Displays

They are strong and last a long time since they have a layer of clear adhesive on top. They are also great for outdoor displays because they are so well protected.

1.3 By Use

(1) LED Displays for Inside

They need to be very bright, color accurate, and clear because they are used for indoor spaces like conference rooms, report halls, and malls.

(2) LED Displays for the Outside

They are made for outdoor use and are utilized at plazas, stations, airports, and stadiums where they need to be brilliant, protected, and long-lasting.

(3) LED Displays That Are Clear

These are quite clear, which makes them great for store windows and glass walls that don't block natural light.

(4) LED displays in custom shapes

Made to fit unique demands, such curved, spherical, or cube forms, usually for imaginative presentations.

1.4 Other Types of Classifications

By display color: LED displays that are one color, two colors, or all colors.

There are synchronous and asynchronous control LED displays.

By Environment: LED displays that are standard, waterproof, and explosion-proof.

2. An Overview of the LED Display Market

The market for LED displays is developing quickly because of new technology and additional methods to use it. LED displays are transforming how we perceive and interact with the world around us. For example, they are used in flashing billboards in Times Square and huge screens in sports stadiums.

2.1 Size and Growth Rate of the Market

(1) Size and Growth Rate of the Global Market

The worldwide LED display market has been growing steadily over the past ten years. This is mostly due to breakthroughs in technology, more ways to use LEDs, and more demand for digital displays.

The global market for LED displays has grown steadily over the past ten years, with an average annual growth rate of more than 10%.

The COVID-19 pandemic reduced market growth to 5.0% in 2020. However, as the economy recovered following the pandemic, the market slowly started to expand again in 2021 and 2022.

Sources:

(1) Research by Grand View. (2023). LED Display Market Size, Share, and Trends Analysis Report by Product (Indoor, Outdoor), by Application (Advertising, Sports, Entertainment), by Region, and Segment Forecasts for 2023–2030.

(2) Statista. (2023). The worldwide LED display market's size from 2018 to 2028.

(3) Frost & Sullivan. (2023). The future of the global LED display market.

(2) The size and growth rate of the Chinese market

China has the biggest market for LED displays in the world because of government assistance, new technologies, and a strong local market.

The size of China's LED display market has grown quickly over the previous ten years, with an average annual growth rate of more than 20%.

The COVID-19 pandemic reduced market growth to 7.2% in 2020. However, as the economy recovered following the pandemic, the market slowly began to develop again in 2021 and 2022.

References:

The China Optics and Optoelectronics Industry Association's LED Display Application Branch. (2023). Report on the growth of the China LED Display Application Industry in 2022.

GGII. (2023). A report on the Chinese LED display market until 2022.

2.2 Things that drive the market

(1) Progress in technology

Technology for Mini/Micro LEDs

Mini/Micro LED technology has a smaller pixel pitch, better brightness, and lower power use. This is pushing LED displays to get thinner, have higher resolution, and use less energy. By 2026, the market is estimated to be worth $3 billion.

Technology for COB packaging

COB (Chip on Board) packaging makes things more reliable, helps heat escape, and lowers costs. This makes LED displays smaller and denser. In 2022, the market for COB technology expanded by more than 50%.

Other New Technologies

Quantum dot technology makes colors look better, while flexible display technology lets panels bend and fold. By 2027, the market for flexible displays is expected to be worth $15 billion.

(2) Situation of Use

Displays for businesses

Billboards, shopping malls, and hotels all want high-definition, large-sized screens, and by 2022, they will have more than 40% of the market.

Places for Sports

There is a lot of demand for LED displays with high clarity, high brightness, and fast refresh rates for big events. The market grew by more than 20% in 2022.

Renting Stages

The market grew by more than 15% in 2022, and events like concerts and exhibits are asking for more innovative displays and immersive experiences.

Other Uses

More and more people want LED displays in fields like transportation, security, and education. By 2027, the transportation business is estimated to be worth $2 billion.

2.3 Problems in the Market

(1) Changes in the price of raw materials

The pricing of important raw materials can change a lot, which can impact how much LED display firms make and how much they cost. The price of LED chips changed by more than 20% in 2022.

(2) A lot of competition in the industry

There are a lot of price wars in the LED display business, which makes it quite competitive. There were more than 1,000 LED display businesses in China in 2022.

(3) Not enough skilled workers

Because technology is changing so quickly, there is a great need for highly qualified technical workers, yet there aren't enough of them. In 2022, the need for hiring technical expertise rose by more than 30%.

(4) Other Problems

LED display firms are also having problems because their products are too similar, their after-sales support systems aren't good enough, and international trading is too complicated.

Ideas for getting beyond problems

Put more emphasis on new technology, improve supply chain management, hire and train more people, make your brand more powerful, and grow into new markets abroad.

3. Study of the Market for Foreign LED Displays

The worldwide market for LED displays is doing well, but the foreign market has its own set of rules. Let's talk about how international players change the industry and what makes them different.

3.1 An Overview of Important Countries and Regions

(1) The market in North America

One of the biggest marketplaces for LED displays in the world, with cutting-edge technology and high demand.

Main Uses: Displays for businesses, sporting stadiums, stage rentals, and more.

Top Companies: Barco, Daktronics, LG, Samsung, and others.

(2) The European Market

A big market that is growing steadily, where great product quality and performance are important.

Some important uses include for commercial displays, transportation, security, and more.

Some of the biggest companies include Barco, Lighthouse, Sony, and others.

(3) The Japanese Market

Technologically sophisticated and mature, with high expectations for product improvement.

Key Uses: displays for businesses, stage rentals, public displays, and more.

Panasonic, Sony, NEC, and others are some of the biggest companies.

(4) The market in Southeast Asia

A new market that is growing quickly and has a lot of promise.

Main Uses: Displays for businesses, sporting stadiums, stage rentals, and more.

Chinese LED display businesses like Leyard and Unilumin are the biggest players in this sector.

3.2 Famous foreign companies that make LED displays

Here are the top 10 international LED display companies and their most important products:

(1) Daktronics, USA

The Vanguard Series (Transparent LED Display), the AllSport Series (Sports Venue LED Display), and the Galaxy Series (Commercial LED Display) are some of the most important products.

Features: A wide selection of products for sporting stadiums, commercial displays, transportation, and more. They are recognized for being very reliable and stable.

(2) Barco, Belgium

The NX Series (Small Pixel Pitch LED Display), the E2 Series (Creative LED Display), and the Ols Series (Outdoor LED Display) are the company's main products.

Features: This company focuses on high-end visualization solutions and sells goods that are very bright, color accurate, and stable.

(3) LG, South Korea

Key Products: the Magnit Series (small pixel pitch LED display), the Transparent OLED Series (transparent LED display), and the UltraStretch Series (curved LED display).

Features: A wide range of products for both indoor and outdoor use, noted for their great picture quality and low cost.

(4) Samsung, South Korea

The Wall Series (Micro LED Display), the Smart Signage Series (Commercial LED Display), and the Outdoor Signage Series (Outdoor LED Display) are some of the most important products.

Features: Cutting-edge technology that gives goods great brightness, contrast, and refresh rates.

(5) Sony, Japan

The Crystal LED Series (Creative LED Display), the CLEDIS Series (Small Pixel Pitch LED Display), and the Bravia Series (Commercial LED Display) are some of the most important products.

Products that are noted for having accurate colors, being stable, and showing fine details.

(6) Lighthouse, Netherlands

Key products include the Lux Series (transparent LED display), the Canvas Series (creative LED display), and the Nova Series (small pixel pitch LED display).

Features: This company specializes in high-end LED display solutions and sells goods that are brilliant, color-consistent, and reliable.

(7) Japan's NEC

The V Series (Small Pixel Pitch LED Display), the E Series (Commercial LED Display), and the S Series (Outdoor LED Display) are the main products.

Features: A wide selection of products that may be used both indoors and outdoors, noted for being stable and cost-effective.

(8) Planar, USA

Important Products: Leyard Series (Commercial LED Display), DirectLight Series (Small Pixel Pitch LED Display), and Clarity Matrix Series (Video Wall).

Features: This company focuses on large-screen display solutions and sells products that are very bright, have great contrast, and are very reliable.

(9) Absen, China

A Series (Small Pixel Pitch LED Display), K Series (Outdoor LED Display), and C Series (Creative LED Display) are some of the most important products.

Features: Very cost-effective and a big player in global marketplaces.

(10) Unilumin, China

Main Products: Ubox Series (LED Display for the Outdoors), Upanel Series (Small Pixel Pitch LED Display), and Ushape Series (Creative LED Display)

Features: A wide range of products for use indoors and outdoors, noted for being reliable and cost-effective.

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3.3 Popular Products and Competition in Foreign Markets

(1) LED displays with small pixel pitch

Foreign companies are the best at making narrow pixel pitch LED technology. They make high-quality goods, but they cost more.

Some of the most well-known products include the Barco NX Series, the LG Magnit Series, and the Samsung The Wall Series.

(2) LED Displays That Are Clear

Foreign businesses were the first to use transparent LED technology, which is now well-established and has many uses.

Some of their most popular products include the Daktronics Vanguard Series and the Lighthouse Lux Series.

(3) LED Displays That Are Creative

Foreign companies are the best at making imaginative LED displays that have unusual forms and amazing visual effects, showing off their design and technological skills.

Barco E2 Series and Sony Crystal LED Series are two of the most well-known products.

4. Examination of the Domestic LED Screen Market

When we look at the home market, it's evident that local companies are making a name for themselves. They are not only keeping up with the industry, but they are also often setting the tone for it with a mix of new ideas and cost-effectiveness. Let's take a look at what makes this market work.

4.1 Size and growth of the domestic market

(1) Size of the Market

The Chinese LED display market was worth between 55 and 58 billion RMB in 2022. It should reach 85 billion RMB by 2025 and 80 billion RMB by 2026, with a compound annual growth rate of about 9.8% to 10.5%.

(2) Rate of Growth in the Market

In the last few years, the Chinese LED display industry has grown steadily. The epidemic slowed down the growth pace, but the market should bounce again once the pandemic is under control.

(3) The size and growth rate of each market segment

LED Displays with Small Pixel Pitch (≤P2.5):

The market size was about 25 billion RMB in 2022. It is predicted to expand at a pace of 12.8% each year and reach 40 billion RMB by 2025.

Some of the main uses include control rooms, conference rooms, broadcasting, and commercial displays.

Mini and Micro LED Displays:

The market was worth roughly 5 billion RMB in 2022. It is expected to increase at a pace of 31.6% per year and reach 15 billion RMB by 2025.

Main uses: high-end commercial displays, consumer gadgets, displays for cars, and more.

LED Displays That Are See-Through:

The market was worth about 2 billion RMB in 2022. It is expected to reach 5 billion RMB by 2025, with a growth rate of 18.9% each year.

Main uses: windows for businesses, stage rentals, building facades, etc.

4.2 Well-known LED Display Companies in the US

(1) Leyard

Examples of Products: Micro LED and Small Pixel Pitch LED

Strengths: They are the world leader in tiny pixel pitch LED technology and innovative COB packaging. Their products are extensively utilized in high-end settings including command centers and conference rooms.

(2) Unilumin

Examples of Products: LED with a Small Pixel Pitch and Rental Screens

Strengths: A large proportion of the market for tiny pixel pitch LEDs, and great performance in outdoor advertising displays and stage rental screens.

(3) Absen

Stage rental screens and outdoor advertising screens are examples of products.

Strengths: Does well in foreign markets and is popular at big events, exhibits, and sports arenas.

(4) AOTO

Ultra HD LED and Financial Displays are two of their most popular products.

Strengths: Advanced 4K/8K ultra HD LED technology, which is the best in the banking, securities, and conference display industries.

(5) Ledman

Examples of products: COB Packaging Micro LED

Strengths: It is the best in Micro LED technology and works well for high-end meetings, education, and command-and-control displays.

(6) Qiangli Jucai

Outdoor Advertising LED Screens are among of their most popular products.

Strengths: It's very cost-effective, utilized a lot in outdoor advertising and commercial displays, and has a big market share.

(7) LianTronics

Some of the products they sell include clear LED screens and advertising LED screens.

Strengths: It is the best transparent LED screen on the market and is great for business displays and window ads.

(8) Highmight

Some of the products they sell include stage rental screens and clear LED screens.

Strengths: Rental screens are quite stable and are used a lot in concerts, exhibits, and other big events.

(9) Sansi

Smart Traffic LED and Outdoor LED are two examples of their products.

Strengths: They are the global leader in smart traffic LED displays, making things like LED traffic signals and smart streetlight screens.

(10) Mary LED

XR Virtual Shooting LED Screens are some of the products we sell.

Strengths: Advanced XR virtual shooting LED solutions that are great for making movies, live streaming, and other things like that.

4.3 Popular Products and Competition in the Home Market

(1) LED screens with a small pixel pitch

LED displays with small pixel pitches (P2.5 and lower) are well-established and commonly utilized in high-end situations. Leyard and Unilumin have a big portion of the global market.

(2) LED screens for outdoor advertising

Outdoor LED panels with a pixel pitch of P4-P10 are very bright, waterproof, and dustproof, which makes them great for advertising in cities and directing traffic. Unilumin and Absen are quite competitive, while Qiangli Jucai is very cost-effective.

(3) LED screens for rent on stage

Rental displays need to be light, have a high refresh rate, and a high gray scale. They are quite common during concerts and shows. Absen and Shenzhen Gloshine are in high demand in Europe and the U.S., and Leyard is best for high-end uses.

(4) LED screens that are clear

Used mostly in commercial windows and glass curtain walls. LianTronics has a large portion of the market, while Unilumin has a technological advantage in high-end uses.

(5) XR LED Screens for Virtual Shooting

Mary LED and Leyard's LED displays are used a lot in movie production, live streaming, and ads since the film business needs them more and more. Unilumin provides full XR solutions.

(6) Screens with Micro LED and Mini LED

Micro LED is a top-of-the-line display technology. Leyard and Ledman are the best at developing markets, and their products are mostly used in high-end meetings and home theaters.

(7) LED screens for smart traffic

Sansi is the market leader and is used on highways and in smart traffic systems. Qiangli Jucai is good for small to medium-sized projects.

(8) LED screens for business and finance

A lot of banks and stores utilize them. AOTO is the best in the financial industry, while Leyard and Unilumin are the best in the business market.

Trends in the Market as a Whole

The high-end market is pushing the growth of tiny pixel pitch, Micro LED, and COB technologies. Smart city apps are getting better thanks to intelligence. International growth speeds up a company's footprint throughout the world, and demand for customized products is growing.

5. Study on the Use of LED Screens

LED displays are everywhere these days, and more and more things are using them. They are transforming how we communicate information and have fun, from bright billboards in cities to huge screens in sports stadiums. Let's look at where they have the most effect.

5.1 Display for Businesses

(1) Size of the market and how it is growing

By 2025, the worldwide market for commercial displays is estimated to be worth tens of billions of dollars. Digital advertising, smart retail, and smart city building will all help the industry develop, but the biggest driver will be the ongoing rise in demand for LED displays.

(2) The most common situations where it is used

Outdoor LED billboards, LED screens in malls, and LED displays in hotels are used to promote brands, show off products, give out promotional information, show off events, and release information.

(3) Manufacturers and items that are well-known

Leyard makes a broad line of commercial LED displays that are very popular in retail and advertising.

Absen is known for its LED panels that are very bright and clear, making them great for outdoor advertising and displays in shopping malls.

Samsung: Launched a number of commercial LED displays, with an emphasis on the high-end commercial display sector.

5.2 Places for Sports

(1) Size of the market and how it is growing

The market for LED display panels in sports stadiums is developing quickly. In the next several years, it is predicted to rise by more than 10% every year. The major things that are driving this are the growing demand for big sports events and the smart upgrades of sports stadiums.

(2) The main places where it is used

LED display displays are mostly used for showing live games, releasing information, displaying interactive material, and playing ads in stadiums, basketball courts, and football fields.

(3) Examples of producers and their goods

Unilumin makes big LED display displays for sporting stadiums that are utilized at many events in the US and throughout the world.

AOTO makes display solutions for sports stadiums, and their products are noted for being very stable and having a high refresh rate.

Daktronics is one of the world's biggest suppliers of LED display displays for sporting stadiums. Their products are used at many worldwide events.

5.3 Renting a Stage

(1) Size of the market and how it is growing

The market for renting LED displays for stages is increasing quickly, with an average yearly growth rate of more than 15%. The major reason for this is the need for big events like concerts, parties, and exhibits, especially because high-definition and flexible LED panels are becoming more common.

(2) The main places where it is used

LED screens are utilized for stage backdrops, information releases, interactive content displays, and product displays during concerts, events, and exhibits.

(3) Examples of producers and goods

Leyard: Offers high-definition and very versatile rental LED displays that are utilized a lot at big events.

Absen is known for its rental LED screens that are light and quick to set up, making them great for a variety of stage activities.

Barco: Offers high-end rental LED displays for big concerts and international exhibits.

5.4 Other Areas of Use

The use of LED display displays in transportation, security, and education will be linked with AI technology, the Internet of Things, and interactive teaching to help people become smarter.

6. The share of the market and how the competition works

The LED display business is quite competitive, with both established companies and young ones always trying to go ahead. There is a lot of competition for market share, from worldwide brands to regional leaders. Each firm has its unique assets that it brings to the table. Let's take a deeper look at who's in the lead and how the competition is going.

6.1 Distribution of Global Market Share by Brand

(1) A look at the worldwide market share

More than 70% of the worldwide market for LED display screens is held by Chinese businesses.

Daktronics, Barco, LG, Samsung, and other well-known international brands mostly sell high-end products, although they don't have a very large market share.

(2) Estimated market share of big brands

Leyard has a global market share of around 15% and a China market share of about 20%. Its principal products are small-pitch LED display screens and transparent LED display screens.

Unilumin has around 10% of the global market and about 15% of the Chinese market. Its principal products are small-pitch LED display screens and outdoor LED display panels.

Absen has around 8% of the global market and 12% of the Chinese market. Its primary products include small-pitch LED display screens, rental LED display panels, and others.

Daktronics has around 5% of the global market. Its major products are LED screens for sports stadiums, commercial displays, and other things.

Barco has a global market share of roughly 4%. Its principal products are high-end visualization solutions, such as small-pitch LED panels and creative LED screens.

LG has a market share of roughly 3% throughout the world. Its primary products include LED screens for commercial displays, transparent LED screens, and other similar things.

Samsung has roughly 3% of the global market share. Its key products include Micro LED screens, commercial display LED screens, and so on.

Other brands: About 42% of the global market share, which includes a lot of Chinese and foreign brands.

Chinese LED display businesses are the biggest players in the world market, but they need to go up to the high-end market by coming up with new technologies and making their brands more well-known.

6.2 How well Chinese businesses do in the global market

(1) Main Competitive Advantages

Chinese LED display firms have a huge market share, a full supply chain, and are known for being cost-effective and coming up with new technologies. They dominate the worldwide mid- and low-end sectors.

(2) Problems

In the high-end market, Chinese firms don't have much brand strength or technological independence. They also have to deal with supply chain concerns and trade constraints.

(3) Path to Improving Future Competitiveness

Make your business more competitive by making technology advances, making your brand more worldwide, integrating vertically, working with the environment, and expanding new application scenarios.

(4) Common Cases in Business

Leyard

Pros: They have the biggest share of the worldwide small-pitch LED market and are the leaders in Micro LED technology.

Cooperate with Hollywood film and TV firms to get into the virtual shooting sector; release Micro LED goods with a 0.4mm pitch.

Unilumin

Pros: The company has the largest share of the worldwide market for outdoor LED display displays and the architecture of XR virtual studios.

Breakthrough: Give the Qatar World Cup LED stadium fence screens to improve the image of your company throughout the world.

Absence

Pros: They are the best in the rental screen industry and their products are very cost-effective.

Strategy: Covering more than 100 countries through a network of abroad agents that can provide excellent local service.

7. Linsn LED is the best choice for you.

Linsn LED is one of the best companies to get an LED screen from for a number of reasons, including the size of their facility, the great service they offer, and the vast assortment of high-quality items they sell.

7.1 Size and Capability of the Factory

Linsn LED has a cutting-edge plant that covers 12,000 square meters, which gives them the tools they need to manage large-scale production. This lets them address the needs of both small and large projects quickly and easily.

The size of their facilities also makes it possible to have strict quality control methods, which make sure that every product meets the highest requirements.

7.2 A wide range of products

Linsn LED has a lot of different goods to meet the demands of different customers. They sell:

UHD Small Pixel LED Displays offer clear, high-resolution images.

LED displays for rent and for sale for both short-term and long-term use.

Options for both indoor and outdoor use that are made to work in different settings and last a long time.

Creative Displays for one-of-a-kind, personalized projects.

Stadiums can use sports perimeter screens.

Advertising displays that attract people's attention in stores.

Front service displays make it easy to install and maintain.

7.3 Quality and Certifications

Linsn LED's products have a number of industry certifications, including CE, EMC-B, FCC, RoHS, and IECEE. This means that they meet worldwide safety and quality requirements. Customers may trust that these items will work well and be reliable since they have these certifications.

7.4 Excellent Customer Service

Linsn LED offers full technical assistance, including a three-year guarantee and five percent extra components with every device. Their skilled crew is always ready to help with installation, maintenance, and troubleshooting, which makes things easier for consumers.

Because they care about making their customers happy, businesses all across the world trust them.

7.5 Global Reach and Knowledge

Linsn LED has been in business for 15 years and has done well in markets throughout the world, including Europe, America, South Korea, and Thailand. Their goods may be found in many places, such as retail malls, airports, stadiums, commercial plazas, and public areas.

In short, Linsn LED is a trustworthy and complete choice for anybody looking for high-quality LED display items. They have a big production, a wide selection of products, and great customer service, so they are the perfect choice for your LED screen needs.

8. Final Thoughts

The LED display business is making the market demand rise all the time by making big advances in high-end display technology, finding new uses for it, and moving toward smarter and more energy-efficient displays. Here are the most important trends in the industry's growth:

(1) Micro LED

It is the key route for high-end displays in the future since it is brilliant and uses little electricity. It has been used in business displays and cars, and it will be used in consumer devices in the future. Companies like Leyard and Samsung are speeding up the process of making things available to the public.

(2) 3D LED that you can see with your eyes

It is often utilized in outdoor advertising and cultural tourist settings because it gives people an immersive visual experience. Many important projects have been done by companies like Unilumin Technology.

(3) Mini LED

A cheap option that is utilized in TVs, e-sports displays, and other areas. Companies like Leman Optoelectronics and TCL keep putting money into it.

(4) LED that is see-through

It lets a lot of light through, so it's good for making curtain walls and commercial displays. Leyard and other companies have released a lot of items, and the demand for them is expanding.

(5) LED XR virtual shooting

It replaces old-fashioned green screens and makes filmmaking more efficient. businesses like Disney have started using professional solutions made by businesses like Unilumin Technology.

(6) COB packaging

Encourage the growth of small-pitch LEDs, which are employed in 8K screens and high-end conference rooms. Companies like Leman Optoelectronics always coming up with new technologies.

(7) LED that save energy and are good for the environment

Companies like Unilumin Technology have made energy-saving devices that exceed worldwide environmental requirements by using low-power technology and materials that are good for the environment.

(8) Smart LED

Companies like Unilumin Technology have made smart display systems for smart cities and smart retail that combine both AI and 5G to allow for remote control and smart adjustment.

The LED display business is moving toward high-end, smart, and eco-friendly growth. Chinese enterprises are still at the top of the global market because to their technical advances and large size.