source:Industry Trends release time:2022-11-18 Hits: Popular:led screen wholesaler
In 2020, the global small pitch LED display market size will be 2.6 billion US dollars, which is basically the same as last year. The main reason is that the annual mainstream shipping space continues to move downward, and the shipments shown below P1.0 are also growing year by year, increasing the average unit price. Therefore, despite the impact of the epidemic, the small pitch LED display can still maintain the same market size as last year. As the trend of smaller spacing continues to ferment in the future, the application site will expand, It is estimated that CAGR will be 27% from 2020 to 2024, which will continue to maintain a high growth rate.
As the leading manufacturers of small pitch displays have successively introduced products with smaller pitch, together with the gradual improvement of consumers' requirements for display effects, and with the further decline of costs, products with P1.2~P1.6 and smaller pitch P1.1 will have the most growth momentum in the next few years. Especially, due to the high unit price and the current low base, it is estimated that their CAGR will reach about 50% from 2020 to 2024.
The most seriously affected markets this year are mainly application sites related to gathering activities, such as cinemas, commercial retail and other places. However, for security monitoring or control room, this year will instead benefit from the government's new infrastructure policy. It is estimated that this will also be the fastest growing application market this year, and the market share will increase from 13.3% to 13.9%.
In addition, in the conference room or lecture hall market of enterprises and education, due to the gradual transition from "to G" to "to" B ", manufacturers actively promote product expansion channels. The application end is still a high-end commercial display market, with low penetration and limited impact from the epidemic, so this market is also worth looking forward to this year, and 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 panels are mainly used below 80 inches, projectors and LED displays are mainly used above 80 inches. Since LED displays have more advantages in large sizes, some projectors markets above 100 inches will be divided by LED displays in the future.
With the decrease of LCD cost and the continuous enlargement of LCD size, we can see that more than 80 inch LCD TVs and electronic whiteboards have been introduced into the commercial market. In addition, the rise of the LED display market will also reduce the number of commercial projectors shipped in the enterprise conference space year by year.
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