According to statistics from the GSC Industry Operation Monitoring Center, the global LED display market capacity in 2014 was approximately US$13.6 billion. It is expected that the global LED display market will exceed US$32 billion by 2018. In 2010-2018, global LED display is expected. The annual growth rate of the screen market will reach about 27%.
From the situation of the world's most important importers of LED display screens, the United States, Japan, Germany, and the United Kingdom are the main importing countries in the import rankings. However, in recent years, the demand in Russia has increased greatly, and it has entered the ranks of the top five. . As for the specific situation, the US market demand in 2014 was 66.71M$, a year-on-year increase of 36.68%. It is expected that the demand for LED display market in the US will reach around RMB1400M in 2017. In Japan, the demand for 2014 was 203.39M$, a year-on-year increase of 2.30%. It is estimated that by 2017, the demand for LED display market in Japan will reach around 280M$.
Germany in the European market has experienced a decline in market capacity due to a series of economic and trade problems in the past few years, but it is still the third importing country. In 2014, the demand for LED display market in Germany was 184.70M, which is expected. By 2017, the demand for LED display market in Germany will reach around 290M$. In 2014, the demand for LED display market in the UK was 73.95M$, a year-on-year increase of 22.67%. In 2010-2014, the demand for LED display market in the UK increased from 34.48M$ to 73.95M, with an average annual growth rate of 21.02%. It is estimated that by 2017, the demand for LED display market in the UK will reach around 110M$.
What really deserves special attention is the emerging markets. In recent years, both LED lighting and LED display have achieved rapid growth in emerging markets. With Russia as the representative, it can be seen that its market capacity has increased sharply in recent years. The demand in 2010-2014 has increased from 20.31M$ to 144.50M$, an increase of more than 6 times, with an average annual growth rate of 63.32%. It is expected to 2017. The demand for LED display market in Russia will exceed 310M$.
The rapid development of the market will lead to a series of cross-border cooperation in the industry. Just yesterday (March 23), Andrey Rodionov, deputy consul of the Russian Consulate General in Guangzhou, and the leaders of the Russian Federation of Asian Industrial Entrepreneurs visited the semiconductor lighting industry in Guangdong Province. The Joint Innovation Center (GSC) met with Dr. Li Wenyu, the director of the Center for Strategic Research, and the two sides discussed in depth the cooperation between China and Russia on LED products, new LED technologies and applications, and investment fields.
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