Global LED display market in 2016 up 7% to reach $4.5 billion

Futuresource Consulting reported the global LED display market closed 2016 with a mounting value of $4.5 billion, up 7% from $4.2 billion the previous year. Futuresource Consulting finds year 2016 saw the value of the monochrome/tri-colour LED display market value fall, year-on-year by 5%, now contributing less than 25% of market value. Much of the decline can be attributed to falling pricing of LED package, coupled with wider market saturation for this more basic option. "Several sectors dominated the LED video display market in 2016, including media/advertising, stadiums/venues and retail," commented Chris Mcintyre-Brown, Associate Director of Professional Equipment at Futuresource Consulting. "These segments delivered over half the market value in the video display category. Notably, 2016 experienced a further drive into the retail space and a growing trend toward indoor applications. These included corporate, transport, and control room, which grew in value by 62% comfortably surpassing $1 billion. Much of this growth was driven by narrow pixel pitch (NPP) LED which has been hugely disruptive in the commercial display space, challenging LCD and projection platforms," added Mcintyre-Brown. LED video display market continues to be dominated by APAC, where over half of all sales originate, largely dominated by China, as per Futuresource. Futuresource sees the LED ...