Global Light Emitting Diode Display Market – Industry Trends and Forecast to 2029

Global Light Emitting Diode Display Market, By Type (Conventional LED Displays, Surface Mounted LED Displays), Colour Display Technology (Monochrome LED Displays, Tri-Colour LED Displays, Full Colour LED Displays), Application (Backlighting, Digital Signage) – Industry Trends and Forecast to 2029.

Light Emitting Diode Display Market Analysis and Size

Light emitting diode (LED) Display is one of the leading screen displays which are being commercially used. The major advantage of the Light emitting diode display is its low-energy consumption and high efficiency, which is especially needed for chargeable and handhelds devices such as tablets and mobile phones. A Light emitting diode display contains of a number of LED panels which consist of several LEDs. LEDs have numerous advantages over other sources which can be used alternatively.

Data Bridge Market Research analyses that the light emitting diode display market was valued at USD 78,392.20 million in 2021 and is expected to reach USD 146,176.78 million by 2029, registering a CAGR of 8.10% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Light Emitting Diode Display Market Scope and Segmentation

Market Definition

Light-emitting diode display (LED) is a screen display technology which uses a panel of LEDs as the light source. Now, the large number of small and large electronic devices use LED display as an interaction medium between the system and user and as a screen. Modern electronic devices such as computer monitors, laptops screens, mobile phones, TVs, tablets etc. use a LED display to display their output

Light Emitting Diode Display Market Dynamics

Drivers

• Focus on saving energy

Increased the government focus on saving the energy which is contributed to the growth of the light emitting diode display (LED) market. LED display are more effective in terms of consumption of energy and offers high luminous intensity. LED display consumes less power than other display because it reduces the load on electric power plants, thus decreases the amount of fuel being burnt to generate electricity. 

• Multi utility purpose of light emitting diode display

There are different types of LED display present in the market for the various application. Large-area LED displays are used as dynamic message signs on freeways, stadium displays and dynamic decorative displays. Whereas thin and lightweight message displays are used at railway stations and airports, and as destination displays for trams, trains, buses, and ferries.

Furthermore, the additional components such as moderate operational expense, sturdiness, energy effectiveness, and environment-friendly type of LED displays assist marketers and promoters to use them for unrestricted promotional and broadcast operations. The ascending inclination of carnivals contests, corporate displays, and the growing amount of live performances are servicing the industry growth.

Opportunities

• Increased Government Support regarding LED displays

The governments across the globe are encouraging population to adopt LED displays, which are largely generating various growth opportunities for the market. For instance, according to the PWD circular, the Delhi (Indian) government approves the installation of 600 LED screens across the city The Delhi government approved the project administratively and approved a budget of Rs. 475 crore for the installation of 600 LED screens throughout the city

Moreover, rise the number of government initiatives strategic collaborations and emerging new markets are also the major reasons which will act as driving factor and further increase the immense opportunities for the market's growth rate.

Restraints/ Challenges

• Harmful effects

The harmful effects of light emitting diode display on human health limits the growth of light emitting diode display market. LED display uses shortwave light and its continued exposure can harm the vision of humans.

• High cost

However, the high initial cost of light emitting diode display along with temperature dependence and voltage sensitivity are expected to hinder the growth of the light emitting diode display market.  

This light emitting diode display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the light emitting diode display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Light Emitting Diode Display Market

The widespread of covid-19 has been significantly impacted the light emitting diode display industry globally. New projects overall the globe have slowed down, which have significantly affected the demand for the light emitting diode display in the market. Factories across the globe have struggled to assemble and manufacture new devices. Also, several warehouses cannot be transported Light emitting diode display due to current rules and regulations due to this disrupted the global supply chains during the pandemic. The impact of COVID-19 on this market is temporary as just the supply chain and production is stalled. Once the condition becomes normal, the supply chains, demand and production for these products are progressively going to increase.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Light Emitting Diode Display Market Scope

The light emitting diode display market is segmented on the basis of type, colour display technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Conventional LED Displays
• Surface Mounted LED Displays

Colour Display Technology

• Monochrome LED Displays
• Tri-Colour LED Displays
• Full Colour LED Displays

Application

• Backlighting
• Digital Signage

Light Emitting Diode Display Market Regional Analysis/Insights

The light emitting diode display market is analysed and market size insights and trends are provided by country, type, colour display technology and application as referenced above.

The countries covered in the light emitting diode display market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the light emitting diode display market in the forecast period due to the significant market of quantum dots in this region. 

Asia-Pacific is expected to be the fastest developing region due to accelerated infrastructural ventures mainly in emerging markets and increasing amount of games competitions in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Light Emitting Diode Display Market Share Analysis

The light emitting diode display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to light emitting diode display market.

Some of the major players operating in the light emitting diode display market are:

• Samsung (South Korea)
• LG DISPLAY CO., LTD. (South Korea)
• NEC Corporation (Japan)
• Sharp NEC Display Solutions of America, Inc. (Japan)
• Leyard Europe (Germany)
• Barco (Belgium)
• Sony Corporation (Japan)
• AUO Corporation (Taiwan)
• DEEPSKY CORPORATION LTD (Hong Kong)
• VTRON TECHNOLOGIES LTD (China)
• AOTO Electronics Co., Ltd (China)
• Unilumin (China)
• ViewSonic Corporation (U.S.)
• Koninklijke Philips N.V. (Netherland)
• Panasonic Corporation Co, Ltd (Japan)
• Planar Systems Inc. (U.S.)