LED Display Market

Market Definition

The LED Display Market size was valued at USD 8.0 billion in 2023 and is predicted to reach USD 24.0 billion by 2030 with a CAGR of 17.0% from 2024-2030.

An LED display, is a type of electronic display that utilizes light-emitting diodes (LEDs) to create visual content. The of LED display panels that utilize light-emitting diodes (LEDs) to create visual content. It includes various types of displays, such as outdoor billboards, digital signage, video walls, and smaller displays found in consumer electronics. These displays are used across various industries and settings for advertising, information dissemination, entertainment, and communication purposes. LED display offer advantages such as high brightness, energy efficiency, long lifespan, and the ability to display dynamic content with vibrant and immersive quality.

Market Dynamics and Trends

The LED display market is experiencing significant growth due to advancements in technology, particularly in the design and manufacturing processes of LED chips. These advancements enable LED displays to achieve higher levels of brightness, resulting in greater visibility and clarity, especially in outdoor settings and well-lit environments.

Additionally, the increased luminance expands the range of potential applications for LED displays. For  instance, in November 2023, Samsung launched a standard MICRO LED. The LED features exceptional display technology and delivers an unparalleled viewing experience.

Moreover, the commercial sector is growing at a faster rate and this development seeks for interactive advertising and information display solutions to engage with the consumers. LED displays are serving as powerful tools for advertising and marketing by captivating customers with vibrant visuals and dynamic content and vividly showcasing products by highlighting their features and benefits.

For instance, in April 2022, LG Electronics introduced its latest commercial display technology, LG MAGNIT. With this launch, the company seeks to establish new benchmarks in the advertising industry by offering innovative solutions for digital signage, expansive outdoor billboards, and smaller screens deployed in malls and transportation hubs.

However, the high cost required for implementing LED display solutions is the major factor restraining the growth of the market. On the other hand, the emergence of Micro- LED offer superior visual quality, energy efficiency, and scalability compared to traditional LED displays. Micro-LED displays are becoming more accessible with its widespread adoption across various industries and generating several new opportunities for the LED Display Market in the coming years.

Market Segmentation and Scope of Study

The LED Display market is segmented on the basis of type, technology, installation, application, end-user and region. On the basis of type, the market is categorized into indoor and outdoor. On the basis of technology, the market is sub- divided into Micro LED, OLED, LCD, Direct LED, RGB, Alphanumeric LED, Mini LED and others. On the basis of installation, the market is categorized into rental LED display and fixed LED display. On the basis of application, the market is categorized into Advertising media, sports arena, traffic & security, information display and others. On the basis of end-user, the market is categorized into residential, commercial and transportation. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia-Pacific dominates the global LED Display market and is expected to remain dominant throughout the forecast period. As urbanization continues to surge across the region, the role of LED displays in communication and advertising is becoming increasingly vital.

According to a report published by UN Habitat, urbanization is growing at a significant rate in the Asia-Pacific region, with more than 2.2 billion individuals, constituting 54% of the global urban population, living in urban areas and it is anticipated to grow in the foreseeable future.

Also, the presence of top companies such as Leyard Optoelectronic Co., Ltd., Unilumin Group Co., Ltd., Samsung Electronics Co., Ltd., LG Electronics Inc., and others drives innovation and market expansion in the Asia-Pacific LED display sector, fostering technological advancements, diverse product offerings, and competitive pricing.

For instance, in  August 2023, LG Display  acquired 14 patents related to Micro LED technology from the Taiwanese firm Ultra Display Technology (UDT). These patents primarily focus on mass transfer intellectual property (IP) developed by UDT. By incorporating these patents into their technology portfolio, this acquisition is set to substantially enhance LED development in the Asia-Pacific region.

On the other hand, North America shows substantial growth in the global LED Display market. The rising demand for high-quality sports and entertainment streaming, along with increased investments in stadium infrastructure and renovations is boosting the demand for large-scale LED displays in North America.

For instance, in February 2024, Sporting Kansas City adopted Daktronics technology LED Displays. The installation of high-quality LEDs is aimed to enhance the viewing experience, elevate the quality of broadcast and modernize stadium infrastructure.

Moreover, the emphasis on environmental sustainability and stringent government regulations regarding energy efficiency and the use of energy-efficient lights, LEDs, and other electronics are further boosting the adoption of the LED display market in North America.

According to the latest report from the Office of State and Community Energy Programs, the U.S. government has launched numerous policies for energy efficiency, such as the National Appliance Energy Conservation Act and the Energy Policy Act. These policies mandate the use of energy-efficient lighting solutions and promote the adoption of LED technology across various sectors, driving the growth of the LED display market in the region.

Competitive Landscape

The LED Display market includes several market players such as Leyard Optoelectronic Co., Ltd., Unilumin Group Co., Ltd., Samsung Electronics Co., Ltd., LG Electronics Inc., Sony Corporation, Cree, Inc., Absen Optoelectronic Co., Ltd., Liantronics Co., Ltd., Nichia Corporation, and Barco NV among others. These market players are adopting various strategies such as innovation and collaboration to maintain their dominance in the global smart appliances market.

For instance, in January 2024, Samsung Electronics Co. Ltd., launched its newest QLED, MICRO LED, OLED, and Lifestyle display collections. The advancement features AI processor that makes the LED Displays smarter than before.

Moreover, in September 2023, Sony Corporation launched VERONA series of Crystal LED displays, designed specifically for virtual production applications. These displays feature advanced Deep Black and Anti-Reflection Surface Technology, and are compatible with leading virtual production LED controllers and offer reduced power consumption.

Furthermore, in August 2023, LG Electronics Inc., launched Micro LED signage solution, LG MAGNIT All-in-One. The product is aimed to offer a seamless user experience with the web OS platform, seamless compatibility with AV control systems, and easy installation, making it an ideal display solution for corporate meeting rooms.

Key Benefits

• The report provides quantitative analysis and estimations of the LED Display market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of LED Display market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the LED Display market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Type

• Indoor 

• Outdoor 

By Technology

• Micro LED

• OLED

• LCD

• Direct LED

• RGB

• Alphanumeric LED

• Mini LED

• Others

By Installation

• Rental LED Display

• Fixed LED Display

By Application

• Advertising Media

• Sports Arena

• Traffic & Security

• Information Display

• Others

By End- User

• Residential

• Commercial

• Transportation

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East 

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 8.0 Billion
Revenue Forecast in 2030	USD 24.0 Billion
Growth Rate	CAGR of 17.0% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Technological Advancement in display systems is driving the market of LED Displays. Increasing demand of LED Displays in Advertising Industry is thereby propelling the market growth. Urbanization is driving the demand for LED Displays in various spheres.
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

• Leyard Optoelectronic Co., Ltd.

• Unilumin Group Co., Ltd.

• Samsung Electronics Co., Ltd.

• LG Electronics Inc. 

• Sony Corporation

• Cree, Inc.

• Absen Optoelectronic Co., Ltd.

• Liantronics Co., Ltd.

• Nichia Corporation

• Barco NV