Domestic LED Display Demand Exceeds That Before The Epidemic

At present, the overall demand of LED display industry has exceeded that before the epidemic, but the overseas market is still recovering. The spread of the global epidemic has disrupted the overseas export plans of many LED display enterprises. In the case of market instability, it is urgent to expand more sales channels. In recent years, LED display has gradually entered the field of mass consumption. The industry believes that the imagination space of LED display is still huge.

Relevant institutions predict that in 2021, the global LED industry will benefit from the slight recovery of the upstream epitaxial chip industry and the midstream packaging industry, as well as the strong development toughness of the downstream application market. The industrial scale will reach US $179.6 billion, with a year-on-year increase of 8.2%. Looking ahead, the global LED display market is expected to exceed 100 billion in 2025.