The market share of small-pitch LED display screens is a dynamically changing data, and may vary due to differences in different market regions, time periods and statistical calibers.
However, based on publicly released information, we can make some general introductions and analyses of the market share of small-pitch LED display screens.
I. Market Overview
Small-pitch LED display screens refer to indoor LED display screens with LED dot pitch of P2.5 or below.
Due to their high resolution, high brightness, high contrast and other characteristics, they are widely used in command and dispatch, security monitoring, conference display, advertising media and other fields.
In recent years, with the continuous advancement of technology and the gradual reduction of costs, the market share of small-pitch LED display screens has continued to increase.
II. Market share analysis
1. Overall market trend:
- According to the forecasts of China Business Industry Research Institute and other institutions, the small-pitch LED display screen market maintains a growth trend.
For example, in 2023, the sales of China's small-pitch LED display market will be 15.5 billion yuan, a year-on-year decrease of 6.1%, but the shipment area will increase by 16.7% year-on-year.
This shows that despite the decline in sales, the increase in shipment area reflects the continued expansion of market demand.
- It is expected that by 2024, China's small-pitch LED display market will pick up, with both sales and shipment area expected to grow.
Specifically, China Business Industry Research Institute predicts that sales will reach 17.4 billion yuan in 2024, a year-on-year increase of 11.8%; while Luotu Technology predicts that the market size will reach 16.3 billion yuan, a year-on-year increase of 4.9%.
2. Specific market share:
- Since market share data involves trade secrets and market competition strategies, specific values are often difficult to obtain directly. However, we can infer the main players in the market and their relative positions from some public information.
- In the small-pitch LED display market, some well-known brands such as Leyard, Unilumin Technology, and Absen occupy a large market share. These companies have maintained a leading position in the market with their technical strength, product quality and brand influence.
- At the same time, with the continuous advancement of technology and the continuous expansion of the market, new participants are constantly emerging, and market competition is becoming increasingly fierce.
3. Market share of different pitch segments:
- In the small-pitch LED display market, products in different pitch segments have different market shares.
According to the data from China Business Industry Research Institute, in the Chinese small-pitch LED display market in 2023, LED displays with a pitch of P1.4-1.1 and P2.0-1.7 accounted for a large proportion, 29.60% and 26.70% respectively.
This reflects the growing market demand for high-resolution and high-definition products.
- On the other hand, with the further development of technology, the market share of ultra-small-pitch displays of P1.0 and below is also increasing.
According to data from Luotu Technology, the sales volume of the P1.5 and below product market in mainland China in 2023 accounted for 61%, an increase of 5.3 percentage points from 2022.
III. Conclusion
In summary, the small-pitch LED display market maintains a growth trend and its market share continues to increase.
However, due to fierce market competition and differences in statistical caliber, specific market share data is difficult to obtain directly.
But it is certain that with the continuous advancement of technology and the continuous expansion of the market, small-pitch LED displays will be applied and promoted in more fields.