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Semi-annual observation of LED display industry in 2024

2024-06-30

The LED display market in 2024 is a year of high expectations and confidence. After all, the market has objective laws and everything will return to normal. In the past six months, either due to the leading mission of the industry leader or due to keen market opportunities, some long-hidden needs have appeared in the spotlight. Against the backdrop of overall recovery, what changes have occurred in the LED display market this year? What are the new features? The market environment for upstream companies is good, and the display market structure is stable. The upstream chip link is an important part of the LED display industry chain. Benefiting from the rapid development of the display panel industry, the global display driver chip market continues to expand, and the Chinese market has also become the main market for global display driver chips. The "Research Report on Market Prospects and Future Development Trends of China's Display Driver Chip Industry from 2024 to 2029" released by the China Business Industry Research Institute shows that the size of China's display driver chip market will reach approximately 41.6 billion yuan in 2023, and it is predicted that China's display driver chip market will reach 2024. The market size will reach 44.5 billion yuan. From an overall perspective, although the price of LED chips will fluctuate to a certain extent every year, from an objective point of view, it still depends on whether some manufacturers actively reduce prices or passively reduce prices. Such small fluctuations do not seem to affect the stability of the LED chip market at all. And in the future, the continued expansion of LED chip production will further expand market share. This is not only good news for upstream LED display companies, but also a gratifying thing for the entire LED display industry. Overall, with the recovery of market demand in the first half of 2024, LED display companies will quickly return to good operating conditions. The national "dual carbon" strategy, domestic and foreign energy conservation and emission reduction policies, and the theme of green economy remain unchanged. The LED industry will continue to maintain good development opportunities. The degree of cross-border integration with the Internet of Things, new displays, virtual photography, etc. is also increasing day by day. The LED product structure will It will continue to be optimized, the demand in subdivided fields will continue to grow, and the industry innovation space and market space are broad.</

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