New York – May 31th, 2018 – Recently, a new report on global led display market being released, which contains clear positions such as the composition of the entire industry and the profile of the main members of the market. My choice LED, as one of the most professional led display providers, will get the industry trends, drivers, opportunities and challenges of the led display industry in order to offer better led products for customers.
The Global LED Display Market Report provides an absolute perspective on product specifications, innovations, product types, and production analysis. CAGR (%), also considering major factors such as revenue, cost, gross profit, and gross margin. The report provides customers with fact-based data to improve profitability and accelerate growth. The detailed information includes the segmentation of led market, overview of current led market and forecast on the future development.
The segmentation of global led marketing
It is predicted that public lighting applications in the LED service market will exceed the growth rate of other applications during the forecast period. In the coming years, the launch of large-scale street lighting projects and the development of smart cities in many regions of the world will benefit public LED lighting applications. Energy-saving lighting, as an important requirement for smart city projects, benefits from LED lighting solutions. Therefore, LED lighting solutions and services play an important role in smart city projects.
the favorable regulations for LED lighting systems and the demand for energy-saving and cost-saving solutions, the street lighting part of public lighting is expected to show a satisfactory growth rate during the forecast period. It is expected that future sustainable and infrastructure development projects will bring tremendous growth opportunities to this market segment. Meanwhile, due to the increasing installation of LED lighting systems in offices, shopping malls and restaurants, it is expected that commercial lighting, including commercial office space and the retail sector, will generate huge revenue in the coming years.
Further Development of LED marketing
It is estimated that the market value of LED display in 2021 will reach 1.94 billion U.S. dollars. The growth of fine-pitch LED displays has slowed down, but fine-pitch displays are still the main force driving LED display demand.
Driven by the macro LED display, the display driver chip market continues to grow rapidly. MychoiceLED estimates that the market for driver ICs will reach $212 million in 2018. Currently, the top five manufacturers of display driver ICs are Macroblock, Chipone, Sumacro, Sunmoon, and My-Semi, which account for 92% of the market share. Other manufacturers include Developer Microelectronics and Texas Instrument.
In response to the market trend of the reduced pitch, LEDs have evolved toward three technologies, including COB fine-pitch LEDs, QD phosphors to RGB technology and Micro LED displays. In addition, the advantages of micro LED displays to include wide viewing angles, high brightness and contrast, excellent image quality, and seamless images. At the same time, traditional monitors and liquid crystal displays plan to enter the micro-LED display market through cooperation and alliances.
About my choice LED
As one of the most professional LED display providers, my choice LED offers best quality of LED screens in the market in wide range at the most affordable rates. Our LED screens are manufactured using high grade material to ensure premium quality, reliability and durability.
Except for best products, we are also dedicated to focusing on the newest update in LED marketing and developing the application filed of LED products.
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