Military conflicts, inflation pressures, political instability and future uncertainty hampered the global DvLED Displays marketplace in 2024, with year-over-year growth coming in under 1% in value terms.
Average Selling Prices decreased by double-digits in 2024, driven by MiP and CoB variants. This significant price erosion had a major impact on the global LED market. Thus, while value decreased, volume measured in square metres increased.
The global LED Displays market is set to recover somewhat in 2025, with annual value growth expected. This optimism is informed by moderate growth in the first half of 2025, combined with significant backlog of orders to be delivered and substantial sales funnels of LED Displays projects that werenβt cancelled, only delayed.
The package-less LED Displays technology transition will expand the Total Available Market (TAM) across all vertical markets. This will help the global LED Displays market grow at a double-digit rate through to 2029, according to our forecasts.