The domestic LED display industry will show explosive growth

Jun 22, 2021

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According to the prediction of relevant authoritative organizations, in 2-3 years, my country's export LED display industry will maintain an average annual growth trend of 55 percent , which shows that the growth trend is in the US and European markets, as well as emerging markets with strong growth.

Although the current domestic LED consumer market is gradually mature, the advantages and energy-saving concepts of LED display products need further guidance and promotion, but with the gradual improvement of related product standards, the domestic LED display industry market will also usher in a trend of rapid growth. However, the rapid changes in the LED industry can also be seen from the performance of listed companies.

An LED display media said that although the LED display market is promising, there are still a series of important factors such as fierce price wars, rising costs, and overcapacity in the LED display industry in my country. Related market risks are gradually increasing. Therefore, relevant information must be obtained. Companies and departments attach great importance to it.

At present, from the perspective of technical level, although domestic LED companies have continuously increased their RD and innovation efforts in recent years, there is still a big gap compared with international LED counterparts. Therefore, the production process of domestic LED companies needs to be improved. According to relevant data, 70 percent to 80 percent of companies are packaging manufacturers, but the real key chip technology is still in the hands of companies in Japan, the United States and South Korea.

However, the world-wide export of LED display industry, which is widely used in China with green energy sources such as light-emitting diodes (LED), is also in a period of rapid growth.

Many domestic companies have exhibited a series of LED displays, and some companies have developed many new products. The design of new export products has also won exhibition design awards, attracting many overseas businessmen to negotiate business.

Therefore, industry insiders said that the current export momentum of the LED display industry is strong, so the domestic market has a huge potential for development. It is expected that the LED display industry will usher in explosive growth in the next few years.


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