LED Display Market Demand Will Maintain steady growth, The Market Was Valued At USD 6870.57 Million

1. Global LED display market demand will maintain steady growth, the market was valued at USD 6870.57 million in 2016, and expected to achieve 9173.47 million in 2021. The overall consumption of LED display is 7880067 Sq. m in 2016. The top three brand owners are Daktronics, Barco, and Unilumin, with the market share of 14.31 percent. In 2016, China captured the first largest share of the LED display sales market with 83.45%, while North America ranked second with a sales market share with 9.17%, ahead of Europe and other regions.
2. Indoor display is the fastest growing market for LED display industry in 2016, and the market share is about 58 percent; outdoor display market is occupied 42 percent. Full color display has become the mainstream product of LED display gradually.
3. The LED display market has a widely application range, such as advertising industry and information display, especially sports arena area due to upsurge of The World Cup in recent years. New application areas come into being, which creates a good market space for the development of LED industry.
4. Along with the development of Chinese domestic LED Display, Chinese domestic LED Display has been very mature and advanced, and the performance distance has been shortening compared with the imported LED Display.
5. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese LED Display industry is not only begin to transit to high-end LED Display products, while still extend in the resource-rich land and downstream industry chain.
6. LED Display product demand market there is also a certain space, but basically showing the scarcity of high-end products, low-end products, there is a large market demand for high-end products to seize market share of imports acts, local enterprises export more low-end products or molding process basic Materials.