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Development Trend of LED Industry under the Epidemic Situation

Nov. 05, 2022

According to statistics from Omdia, in the first quarter of 2020, the global LED display market is driven by the small pixel pitch market and continues to grow at a rate of year-on-year growth. Shipment volume was 255,648 square meters, an increase of 18.8% year-on-year from 215,148 square meters in 2019. Compared to the fourth quarter last year, it dropped by 33%, and China's LED display market suffered a severe blow, with shipments falling by 59.4%.

Global led video shipments and YoY growth rates

Looking at the first and second quarters, LED display screens were greatly affected by the epidemic. From the initial resumption of work and production to the subsequent market impact brought by the global outbreak of the epidemic, it has formed a realistic challenge for display companies.

Product and market analysis

In recent years, the industry has been driven by small pixel pitch displays. In addition to the continuous growth of small pixel pitch LED displays, the market for transparent LED screens, alien LED  screens and LED adhesive screens has also received greater attention.

LED transparent screens can be widely used in shopping malls, stage dances, large-scale stores and other scenes. 

Alien led screens can be used in museums, science and technology museums, concerts, etc. 

And the led adhesive screens are ideal for glass curtain wall, glass showcase, transportation hub, indoor advertising.

Transparent led Display Screen

In the second half of the year, major exhibitions will gradually be opened, and large-scale exhibitions closely related to LED displays will also be held one after another. All this will show that the LED display market will usher in a "recovery" in the second half of this year. 

It is true that after the hardships in the first half of the year and active preparations, LED displays will also usher in more intense market competition in the second half of the year. For the vast majority of LED display companies, perhaps the second half of the year will be the real beginning of this year, and they will start again after regrouping!


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