LED Display Market With A CAGR Of 14%

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LED Display Market With A CAGR Of 14%

The LED display market is driven by increasing awareness about energy conservation and surging use of LED technology in laptops, mobile phones, smart TVs, monitors, and other products. Moreover, the rising demand for LED displays for outdoor advertisements, promotional events sport exhibitions and other parameter also impact the growth of the LED display market. The adoption of advanced display technology will accelerate indoor full color led display screen Market. It is estimated that the total revenue generated by the LED display market will reach $23bn by 2025 and grow with a CAGR of 14% during the forecast period.

The demand for 5 Plus LED Display Screens are widely increasing as people are becoming more tech-savvy and are switching to LED displays. The latest innovations such as revolutionizing smart TVs, digital advertisements and gaming screens have provided new opportunities for LED display market. The escalating growth for flexible LED displays such as LED curtains, LED matrix and so on, has provided high resolution and a flexible rubber substrate which creates curves to the screen that enhances the customer's visual experience.
The LED displays are used in various applications such as digital advertising, lighted wallpapers, general lighting, automotive headlamps, traffic signals, and even in medical devices. Moreover, the replacement of billboards with digital signage that comprises of LEDs in many countries has raised the growth of the LED display market.

According to Infotrends' data, in 2018 most of the outdoor advertising companies have gained 32% increased sales by adopting digital signage for advertising. Also, around 30% of the customers are preferring digital signage as menu in the restaurants. The rising adoption of digital signage displays in various stores, restaurants and other public places for seeking attention of the customer has fuelled the growth of LED display market. Moreover, the increasing investments in digital signage by most of the companies to increase productivity and retain customer attention will propel the LED display market in the near future. Digital signage with LEDs is estimated to grow at a CAGR of 18% during the forecast period 2019-2025.

The Asia Pacific (APAC) is the fastest growing region and also the largest contributor to the LED display market in 2018 with a share of 36%. The APAC region comprises of countries such as Japan, South Korea, China, India, and others, which are in the process of innovating LED displays for increasing applications across various industry verticals such as consumer electronics, automotive, and others. Also, China's established hardware base and India's advancing consumer electronics industry due to increasing demand by the customer has provided growth opportunities for LED display market in APAC region.