The seasons are flowing, and in a blink of an eye we have already passed the variable 2020, and the whole world is experiencing the huge test brought by the epidemic in this year. Under the leadership of the government, all industries in China are scientifically fighting the epidemic and actively resuming work and production. The same is true for the LED display industry. It turned losses into profits in the second half of the year, fought a beautiful turnaround, and further led the global market. In the face of a more unpredictable 2021, how can we accurately grasp the market direction? Data speaks! As an industry observer, "LED Display Channel", in order to better help companies grasp the industry development trend, specially sorts out the industry chain related market data.
Industry scale
Relevant data show that the global LED display market scale in 2020 is estimated at 5.7 billion U.S. dollars, a year-on-year decrease of about 10%. For the development of the next few years, if the macro economy changes little, it is expected that from 2020 to 2024, the global LED display will maintain a compound annual growth rate of 16%, and the small-pitch display will still be the biggest driving force for market growth.
Mini LED
In 2020, with the gradual maturity and stability of the mass production technology of the Mini LED upstream industry chain, market demand for Mini LED TVs will erupt. Related market research institutions predict that global sales of Mini LED TVs will reach 4.4 million units in 2021, accounting for about 2% of the global TV market. It is estimated that by 2025, global sales of Mini LED TVs will exceed 35.5 million units.
Micro LED
According to data from research institutions, the global Mini/Micro LED market is expected to reach US$4.2 billion in 2024. Since 2020, in order to promote the development of the next generation of display technology-Micro LED, the upstream and downstream of the LED display industry chain have entered a critical period of Micro LED mass production technology, and many leading manufacturers have taken the lead in deploying Micro LED production capacity.
5G+8K
Relevant data show that by 2022, my country’s ultra-high-definition video industry is expected to exceed 4 trillion yuan, and China will become the largest ultra-high-definition market in the future. In 2020, 5G+8K will lead the development of China’s ultra-high-definition video industry. As industry insiders have said, with the further empowerment of the ultra-high-definition industry, it will also drive the upgrading of chips, video production equipment, display panels, and complete terminals. Replacement and process reengineering. As the "vanguard" in the ultra-high-definition display panel industry chain, LED display continues to exert its strength, and it is at the forefront of the industry in ultra-high-definition large-screen display technology and products.
Landscape Lighting
In 2020, as the epidemic gradually stabilizes, in order to stimulate domestic demand, the night economy will be vigorously developed from the central to the local level, and the landscape lighting market will become more intense. At the same time, with the performance of LED lighting products in energy saving and aesthetics, the penetration rate of LED lighting products in landscape lighting projects has steadily increased. According to data from the National Semiconductor Lighting Engineering Research and Development and Industry Alliance Industry Research Institute, my country's LED landscape lighting output value has reached 110.8 billion yuan in 2019, and the market scale is expected to further expand in 2020.
video conference
In 2020, due to the impact of the epidemic, the high-end conference display field will be hot. Especially with the continuous upgrading of small-pitch LED display products, they can better meet the needs of some high-end conferences. This has enabled many screen companies to continue to cultivate conference displays and promote the market direction of new products of screen companies. According to related research reports, the global video conference market in 2019 is about 4.8 billion U.S. dollars, and it is expected to exceed 9.2 billion U.S. dollars by 2026, and the compound annual growth rate is expected to exceed 11.45%.
Smart Light Pole
In 2020, with the acceleration of 5G applications, the smart light pole market in various regions will begin to explode, which will also bring more market opportunities for LED light pole screens. According to the "Global Smart Pole Market 2020-2024" report data released by relevant agencies, in 2019, the global smart pole market will be around 5.75 billion U.S. dollars. From 2020 to 2024, the global smart pole market will grow by 7.97 billion U.S. dollars to reach About 13.72 billion US dollars, a compound annual growth rate of 19%.
Relevant data show that the outdoor large-scale digital signage market will be close to 15.3 billion yuan in 2020, a slight increase of 0.3% over the same period. At the same time, thanks to the rise of the "night economy" and the pull of new infrastructure policies, the annual growth rate of the outdoor large-scale digital signage market will remain above 10% in the next five years, and the market size will reach over 27 billion yuan in 2025.
In 2020, although China's LED display industry is also shrouded in the haze of the epidemic, under the guidance of the government and the market, many screen companies can still find the light of hope, move forward bravely, and get out of the haze. In 2021, we are equally confident!
