2018 Global Display and Micro LED Market Outlook

The emergence and rise of the Internet of Things are driving LED lighting towards high-value digital lighting for small-scale networking. Integrating personalized and people-oriented smart lighting has become a key focus for future industrial development. LED lighting products with high LED luminous efficiency, energy conservation and environmental protection are gradually replacing traditional lighting. The demand for high value, networking, system integration, and personalization is driving LED lighting towards intelligence, forming a new round of transformation direction.

According to LEDinside's cutting-edge research report "2018 Global Display and Micro LED Display Market Outlook", due to the impact of the global economic recession, the overall growth of the global LED display market is limited, and the market demand for traditional displays is showing a downward trend.

However, due to the development of LED small pitch displays in recent years, the demand for display screens has reopened. In 2017, the global LED display market size was $5.092 billion, among which indoor small pitch (P2.5) will continue to grow after experiencing rapid development in previous years. The market size in 2017 was $1.141 billion, and it is estimated that the CAGR from 2017 to 2021 will reach 12%.

Display screen market trends

In 2017, the global LED display market size was $5.092 billion, among which indoor small spacing (P2.5) will continue to grow after experiencing rapid development in previous years. The market size in 2017 was $1.141 billion, and it is estimated that the CAGR from 2017 to 2021 will reach 12%.

According to the application scenarios of LED small spacing display, it can be roughly divided into four categories: broadcasting applications (studios), security monitoring (security and monitoring centers), commercial displays (including commercial displays, exhibitions, as well as company conference rooms, hotel conference rooms, cinemas, etc.), and public and retail applications (mainly referring to outdoor displays, airports, subways, and retail applications). The potential for future growth lies in commercial displays, as well as public and retail, gradually replacing traditional DLP and LCD.

In 2016, the global LED display screen market size was $5.001 billion, with the top eight manufacturers accounting for 38% of the global market share. Among them, the global LED small pitch display screen market size in 2016 was 854 million US dollars. According to the revenue of manufacturers, all of the top seven manufacturers are Chinese manufacturers, and Dakota ranks eighth. Moreover, the leading effect is very obvious, with the top eight manufacturers occupying 78% of the global market share. Ledinside predicts that the global LED small pitch display market will continue to maintain high-speed growth in 2017.

LED Market Trends

In 2017, the output value of the display LED market reached 1.63 billion US dollars, and it is estimated that it can reach 1.94 billion US dollars in 2021. The growth rate of small pitch display screens has slowed down, but it is still the main driving force for display LED demand. According to LEDinside's survey of global display LED manufacturers' revenue, the top five manufacturers are Mulin Sen, Guoxing, Yiguang, Jingtai, and CREE. In addition, the top five manufacturers of display screen LED chips have revenue (mainly from export chip manufacturers), followed by San'an, Jingdian, Huacan, and Shishi