Futuresource LED Market Report
Date Published:
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.
Executive Summary
Worldwide Market Value & Forecast
Vendor Share
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