The LED Market Witnesses High Growth and Major Power Shifts
The total LED marketplace, including monochrome/tri-colour LED and LED video displays, is set to reach $19.5 billion by 2026. A compound annual growth rate of 21% is expected, with some significant market evolutions and power shifts in the pipeline.
Global LED Market Undergoes Rapid Recovery, Surpassing Pre-Pandemic Performance
The professional LED display market sustained serious damage through the pandemic, shedding nearly 13% of its value in 2020. Yet a new report from Futuresource Consulting shows that market recovery has been a lot faster than many expected.