The latest cutting-edge information of the LED display industry

The latest technological progress in the LED display industry

Development of Mini LED and Micro LED technology

In 2024, Mini LED and Micro LED technologies continue to develop rapidly, especially with significant progress in resolution enhancement and pixel pitch reduction. 

The demand for Mini LED backlight is declining, but the market size of LED display chips is still growing, with an increase of 6%. Advances in Mini LED and Micro LED technology have not only improved the display effect, but also reduced production costs, driving the application of LED displays in the high-end market.

Application of virtual pixel technology

Virtual pixel technology significantly reduces the amount of LED chips and reduces costs by sharing pixels, and is suitable for markets such as LED all-in-one machines and home theaters. The application of virtual pixel technology provides a new growth point for LED displays, especially in cost-sensitive markets such as LED all-in-one machines and home theaters.

Application of new packaging technologies

The rapid application of new packaging technologies such as COB, IMD and MIP has promoted the macro and high resolution of LED displays. The application of new packaging technology not only improves the display effect, but also improves the reliability and service life of the product, and promotes the application of LED display in the field of professional display and commercial display.

The latest trends in the LED display market 

Growth in market size

In 2024, the LED display market size is expected to continue to grow, of which the market size of P≤1.5 will reach 11.2 billion yuan, an increase of 19%. 

The growth of the market size is mainly due to technological advancements and the rise of emerging application markets, especially in the small and micro pitch display markets.

With the maturity of LED display technology and the diversification of application scenarios, the market demand for high-end customized products will gradually increase. 

The trend of high-end and customization requires LED display manufacturers to continuously improve product quality and service levels to meet the personalized needs of customers.

The rise of new app markets

The application of LED display in emerging fields such as smart cities, intelligent transportation, and virtual reality will usher in new growth points. 

The rise of emerging application markets provides new growth space for LED displays, especially driven by technologies such as 5G, Internet of Things, and virtual reality.

Market expansion of LED displays

LED display has improved product performance and competitiveness by promoting 4.2V/4.5V instead of 5V switching power supply. 

The market expansion strategy of LED display enables it to maintain a leading position in the fierce market competition, especially in energy conservation and environmental protection.

The latest developments in the field of application 

Smart City & Transportation Applications

The application of LED display in smart city construction, traffic management and other fields will be further popularized and deepened. 

The development of smart city and transportation applications has provided a new growth point for LED displays, especially in big data intelligent interactive display technology.

Virtual Reality & Immersive Experiences

The combination of LED display and virtual reality technology will bring more immersive experiences, such as virtual reality games, immersive performances, etc. The development of virtual reality and immersive experience has provided new application scenarios for LED displays, especially in improving user experience.

Outdoor advertising and digital display

The application of LED display in outdoor advertising, digital display and other fields will continue to expand, gradually replacing traditional advertising media. 

The development of outdoor advertising and digital display provides new growth space for LED displays, especially in brand promotion and advertising. The LED display industry will continue to develop in the direction of high resolution, intelligence and environmental protection in 2024, the industrialization of new technologies such as Mini LED and Micro LED will accelerate, and the market trend will show the rise of high-end, customized and emerging application markets.