The potential of the LED display market is not small. What will happen in the future?

In 2018, the global LED display market scale was 5.841 billion U.S. dollars. With the increase in demand from the rental market, retail department stores, conference rooms, movie theaters, and HDR applications, the annual compound growth rate is estimated to be 12% from 2018 to 2022. , Will continue to maintain a relatively rapid growth rate, among which the small spacing shows that it is the biggest driving force for the market growth. Six or seven years have passed since the launch of the first small-pitch LED display product on the market. The market has gradually entered a mature development period. With the increase in technology and the decline in prices, market acceptance has further improved. In 2018, the indoor small-pitch (≤P2.5) market scale was 1.997 billion U.S. dollars, an annual growth of 39%, mainly due to the continued fermentation of the ultra-fine-pitch trend in the future. It is estimated that its CAGR will reach 28% from 2018 to 2022. In addition, as the small-pitch display technology becomes more mature, outdoor displays are gradually developing toward small-pitch (P3.0~P4.0). In 2018, the outdoor small-pitch market size is about 155 million U.S. dollars, and it is estimated from 2018 to 2022. CAGR will reach 35%. Divided by the dot pitch displayed by the small pitch of LEDs, in 2018, the pitch of the largest revenue share of the global LED small pitch has reached P1.2~P1.6, accounting for about 39%. As the leading manufacturers of small pitch display benefit Yade, Unilumin, Lianjian, etc. have successively launched products with smaller spacing (P0.7~P0.9), coupled with the gradual increase in consumer requirements for display effects, and with the further decline of costs, P1.2~ in the next few years Products with P1.6 and smaller pitches below P1.1 will have the most growth momentum. It is estimated that the CAGR from 2018 to 2022 will reach 32% and 62%, respectively. At present, the largest commercial market for LED small-pitch displays comes from cultural and entertainment venues such as corporate and education, high-end retail, hotels, and theaters. The penetration rate of LED displays in these application fields is not high, and there is greater growth potential in the future to replace the traditional LCD, DLP and projection display. However, from the perspective of the overall display market, this year is also a turbulent year. For LED displays, while high growth, the crisis is still not to be underestimated. In the past, LCD, DLP, projectors and other traditional displays have already occupied a large area. , With Mini and Micro LED displays catching up, where will the LED display go in the future? What other market segments are worth exploring?