Current market trends
The professional LED display market size was impacted heavily by the pandemic, losing nearly 13% of its value in 2020. However, market recovery has been a lot faster than many expected, with 2021 outperforming 2019 by more than half a billion dollars.
The total LED display market, including monochrome and tri-colour LED, and LED video displays, reached $7.6 billion in 2021, representing a year-on-year increase of 19%. For 2022, Futuresource reports even faster progress, expected at 22% year-on-year growth, culminating in $9.4 billion in revenue.
With multiple technology transitions in progress, there is a technological landgrab opportunity beginning to emerge in the industry. As investment in MiniLED CoB and True MicroLED continues to expand, a number of vendors are perfectly placed to take advantage of these developments and gain market share.
Futuresource expects the total market to reach $19.5 billion by 2026, with a CAGR of 21% between 2021 and 2026. This growth has ramifications for increasingly narrow pixel pitches, as LED becomes the dominant professional AV display technology across the forecast period, impacting indoor and outdoor, fixed installations and LED rentals, as well as the rise of all-in-one displays.
This comprehensive LED display market report explores the post-COVID recovery of the sector, delivering an update on the global LED market size, as well as LED display market shares, providing an outlook through to 2026.
With multiple technology and manufacturing transitions underway, this report looks at SMD LED, MiniLED, MicroLED, and the flip chip technology market. System design and business management considerations for brands are also covered, alongside shifts in the competitive landscape, with industry consolidation trends expected to accelerate over the next few years.
Our team of Futuresource analysts also provides commentary on the dynamics shaping LED market growth and LED market size, providing a strategic framework for enterprises with interests in the industry.
| Comprehensive PDF report
| Executive summary
| LED display technology trends
| Expected direction of MiniLED vs MicroLED
| Update on LED technology evolution
| Comparison of Pro AV display technologies
| Co-existence of MicroLED with MiniLED and SMD LED in pro AV
| Key component trends
| Micro LED display market
| Flip chip market
| LED chiplets landscape
| LED package supplier landscape
| SMD LED price trends
| Driver IC and backplane landscape
| Component supply and freight issues
| Importance of vertical integration
| Complete customer experience
| Chinese expansion
| Industry consolidation
| Pixel pitch trends
| Pro AV display technology trends
| LED video display global markets size
| LED video display product types and usage
| LED pricing trends
| LED video display global overview
| LED video display regional analysis
| LED competitive landscape macro trends
| LED competitive landscape
| LED competitive landscape – Chinese vendors
| LED competitive landscape – international brands
| Vendor shares
| Vertical markets in detail
| Monochrome and tri-colour LED display forecasts
| LED video display forecasts
| Monochrome and tri-colour LED display competitive landscape
| LED video display competitive landscape
| LED market sizing and value
| Market forecasts and commentary out to 2026
Futuresource has been regularly tracking, researching and consulting on the LED market since 2013, as part of its professional display technology portfolio.
Any enterprise operating within the LED display market and adjacent industries will benefit from this report, particularly:
| Manufacturers and their suppliers
| Resellers and VARs
| Intermediaries and supply chain
| Market strategists, marketing and sales professionals
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