Current Market Trends
2021 was a successful year for professional displays, achieving a year-on-year value increase of more than 27%, delivering global revenues of $36 billion. However, there was potential to capture even more value, which remained unfulfilled due to chip shortages. Some vendors also suffered due to under-forecasting the recovery, and falling to the back of the queue for component orders.
Before the pandemic, the LED market was already a fast-growing segment, and its fortunes have now been realigned to create further opportunities. In the post-COVID world, product quality has matured, brand equity is moving to the forefront and the downstream supply chain is placing more emphasis on the combined offering of product, solution and service. This demand for a more premium solution is destabilising the technology leadership of Chinese brands.
In pro AV markets and applications, a gradual transition will see the market evolve from surface mount device (SMD) LED, through MiniLED to MicroLED. Despite MiniLED being primarily a transitional technology, Futuresource expects all three technologies to coexist in the narrow pixel pitch market segment.
The firm’s forecasts indicate a CAGR of more than 22% out to 2025, with product awareness, improved end user understanding and falling prices all contributing to wider uptake.
As the LED and LCD display industry enters a period of flux, with unparalleled product convergence across multiple applications, this Futuresource display market report combines the findings of the firm’s granular projection, LCD and LED trackers in order to create a strategic market overview.
Utilising 15+ years of experience in tracking the global display market, Futuresource clearly maps out how core display technologies are competing on both an application and regional basis. This report provides a comprehensive framework for any enterprise with interests in the LED display industry.
| Comprehensive PDF report
| Executive summary
| LED display technology trends
| LCD display market share
| Global value overview
| Semiconductor shortages
| Next gen displays
| Gesture control kiosks
| Augmented reality
| Analysis of the three core display technologies: front projection, LCD and LED
| A deep-dive into application dynamics, with cross-product analysis including ASP developments
| A combined strategic outlook of core display technologies including regional analysis
| Market forecasts and commentary out to 2025
Futuresource has been regularly tracking, researching and consulting on the display 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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