In 2019, the global LED display market size is US $6.335 billion, and CR8 is 53.2%. Among the top eight manufacturers in terms of market share, except for Dako, which ranks the third and Samsung, which entered the top seven for the first time in 2019, all the other manufacturers are from China. Due to the active shipment of mini LED display in recent years and high unit price, Samsung has made great contribution to its overall LED display revenue, so it has entered the top seven for the first time. With more international manufacturers like Samsung and Sony joining in, the market share ranking competition will be more intense in the future.

In 2020, the global small space LED display market scale will be 2.6 billion US dollars, which is basically the same as last year. The main reason is that the mainstream shipping spacing continues to move down every year. In addition, the shipment below P1.0 is also increasing year by year, which increases the average unit price. Therefore, despite the impact of the epidemic, the small spacing display can still maintain the same market scale as last year, and the trend of smaller spacing will continue in the future It is estimated that CAGR will be 27% from 2020 to 2024, and it will continue to maintain a high growth rate.

With the leading manufacturers of small spacing display screen, such as lyad and Zhouming, gradually launch products with smaller spacing. In addition, with the gradual improvement of consumers' requirements for display effect, and with the further decline of cost, the products with P1.2 ~ P1.6 and smaller spacing P1.1 will have the most growth potential in the next few years, especially those below P1.1. Due to the high unit price and the current low base number, it is estimated that the products with smaller spacing will have the most growth potential in 2020-2024 CAGR will reach about 50%.

From the perspective of regional market pattern, North America and EMEA are mainly affected by the epidemic this year, which are expected to decline by 7.7% to 6.7% respectively this year, and the proportion will also decline accordingly. At present, China is slowly recovering from the impact of the epidemic. With the stimulation of the new infrastructure policy, the Chinese market is expected to maintain the fastest growth rate in the world this year, with yoy about 3.8%.

The markets most affected this year are mainly application sites related to clustering activities, such as cinemas and commercial retail. However, for the security monitoring or control room, it will benefit from the government's new infrastructure policy this year. It is estimated that this will also be the fastest growing application market this year, and the market share is expected to increase from 13.3% to 13.9%.

In addition, the conference room or lecture hall market for enterprises and education is undergoing a gradual transition from to g to B. manufacturers are actively pushing products to expand channels. The application end is still a high-end commercial display market with low penetration rate and limited impact from the epidemic. Therefore, this market is also worth looking forward to this year. It is estimated that the market share will increase to 40.6%.

At present, in the commercial display market, according to the display size, LCD display panel is mainly below 80 inches, and projector and LED display screen are mainly above 80 inches. As LED display has more advantages in large size, some projector market above 100 inches will be divided by LED display screen in the future.

If we take P1.5 and 140 inch specifications as an approximation to calculate the shipment volume of all-in-one LED display machines, taking the current market average price, it is estimated that about 35000 sets of all-in-one LED display machines will be shipped this year, and it is estimated that the shipment will reach 192000 sets by 2024. The total annual shipment volume of commercial projector market is about 6-7 million units.

With the decline of LCD cost and the continuous enlargement of LCD size, it is now possible to see more than 80 inch LCD TVs and electronic whiteboards being introduced into commercial use. In addition, with the rise of LED display market, the number of commercial projectors in enterprise conference space will also decrease year by year. (article: ledinside Vita)