April 8, 2020
The LED video display market grew by 34.7% in 2019 and its value peaked at $5.7 billion as well, according to a report by technology research company Omdia.
One of the key drivers in the market is the demand for fine-pixel pitch displays. These displays could potentially replace flat-panel displays in retailers and other businesses, according to the report.
“An increasing number of traditional LCD companies jumped on the FPP LED video bandwagon in 2019, intensifying the level of competition in the market,” Julie-Anne Badier, senior analyst, digital signage and professional displays at Omdia, said in a press release. “The competitive battle will only escalate in 2020 as FPP continues to get finer and LED video display technology spreads to more application areas.”
Unilumin led the overall global market, with a 16.8% market share while Absen led the oversees market, which excluded China, with a 17.2% market share.
Topics: Display Technology, Technology