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SHENZHEN, CHINA, November 14, 2020 /24-7PressRelease/ -- Impacted by COVID-19, the LED display industry experienced low growth, even recession in the first quarter of 2020. For example, in Shenzhen, the world's LED display manufacturers center, around 80% of companies lay off and reduce production to get through the difficult time. But according to relevant business statistics, in the second quarter of 2020, China's LED display market revenue increased by 34.6% month-on-month and 15.9% year-on-year, of which the highest growth share is the small pixel pitch LED display.
The 2nd quarter LED screen rebounding enhanced market confidence. LED display manufacturers and engaging LED screen suppliers are excited to say that LED screen inquires doubled from June 2020. LED display project requests to come from America, Europe, Southeast Asia, South Korea，Japan, The Middle East, Africa, etc. Maybe you would know what kind of LED display more cater to market demand after the COVID-19 time?
Combined with LED screen industry trends and global market feedback, it's believed that the one most caters to market demand after the COVID-19 time is fine pixel pitch LED display. The other is transparent LED display. Now let's find out the factors that are formatting such a market forecast.
Fine Pixel Pitch LED Display
"There are three main reasons that small pixel pitch LED display realized fastest-growing in 2nd quarter of 2020". This is explained by Eric Zheng, VP of business development in YUCHIP.
The first factor is pandemic restrained market demand in the 1st quarter of 2020. During the COVID-19 lockdown period, people are requested to stay at home. Also, business activity is nearly paused. Along with the epidemic situation being alleviated, LED screen demand was released, and the purchase was accomplished in the 2nd quarter of 2020. China market small pixel pitch LED display realized rapid development in the emergency command room, monitoring room, 5G transportation, smart medical, smart finance, etc.
The second factor is increasing market demand from the international market. For example, the small-pixel pitch LED display demand in Western and Eastern Europe, the Asia-Pacific region, and the Middle East and Africa continue to increase.
The third factor is that smart city building rises as many countries' strategic planning. This process has a huge demand for fine pixel pitch displays—for example, big data management, security monitoring, public organization digital platform, etc.
Due to COVID-19 social distance limitation, domestic and international gatherings and meetings are restricted. We can see that remote video conference methods are expanded from business corporations to industry association conferences, social organization meetings, and international political summits. For example, the ongoing 2020 ShangHai Cooperation Organization Summit is hosted by Russia, but each member country leader stays at their homeland, attending in the form of video.
Also, The 37th ASEAN Summit and The East Asian Leaders' Meetings on Cooperation were hosted by Vietnam in Hanoi between Nov 12th and 15th, 2020. Each country's leaders attend in the form of a video conference. All of these video conferences do need fine pixel pitch LED display to guarantee high-quality content display. Such video conference change is not only happening now, but it will also accelerate use on more occasions worldwide.
Transparent LED Display
In October 2020, IMF predicted that the global gross domestic product (GDP) would shrink by 4.4% in 2020. This is the IMF's most pessimistic forecast of global economic growth since the Great Depression of the last century. IMF pointed that large-scale policy support has avoided worse results. "The various expenditure-based measures announced by developed economies so far, accounting for more than 9% of their GDP, and other liquidity support measures accounting for 11% of their GDP".
Among the various economic stimulus measures launched by each country, infrastructure investment and urban planning and construction are important aspects. Among them, glass window engineering is more popular, which stimulates the demand for transparent LED displays. Thanks to transparent LED screen, glass window makes architecture fashionable, colorful, modern and technological, impressing more people with excellent visual impact.
According to USA market research organization DisplayBank survey, the market output value of transparent display by 2025 is about 87.2 billion US dollars. As an emerging and fast-growing media, no doubt that transparent LEDscreen play a key role in this field.
A transparent LED screen is featured of high transparency, lightweight, and ultra-thin thickness. It's widely installed as a glass window LED display in urban buildings, malls, airports, auto shops, hotels, financial institutions, franchise stores, etc. A transparent LED screen greatly attracts the attention of pass-by visitors, enhances the store's image, strengthens brand awareness, and promotes sales. Therefore, transparent LED have received widespread attention and acclaim in the market.
5 factors help transparent LED screen to be a star production after COVID-19 time
1.High transmittance up to 65%-90%, without affecting natural light comes inside and direct view outside.
2.Simplified design cabinet, super lightweight and ultra-thin LED screen panel, saving installation space and cost.
3. Customized LED cabinet size, structure, and shape. For example, transparent LED cabinet size(1000x500mm, 1000x1000mm, 500x500mm and more) differs from each installation site situation. A Transparent LED display shape is available of arc, cylindrical, elliptical, cone, etc. Its creative and customized features make transparent LED unique advantages compared to traditional LED screens.
4. Indoor installation but outdoor viewing. The indoor installation makes it easy to maintain a transparent display. Meanwhile, its high brightness LED ensures a clear and vivid content display even under direct sunshine.
At the same time, YUCHIP engineers have developed a waterproof transparent LED screen. Furthermore, when it comes to needing a large transparent LED screen that is up to several hundred square meters big, an LED curtain is also a very cost-effective choice.
Of course, when COVID-19 is getting to vanish and finally defeated, the LED screen panel market develops accordingly. We would follow upmarket development and share with you update information. Also, if you have any ideas or comments, welcome to talk with us.
Found in 2004, YUCHIP is an award-winning global LED display supplier headquartered in Shenzhen. As an comprehensive LED display manufacturer, we focus on offering top notch technology and high-performing visual products. Our great range of LED displays includes outdoor LED display, indoor LED screen, rental LED display, transparent LED display, LED poster, flexible LED display, HD LED screen, LED curtain, stadium LED screen, church LED screen, LED wall controller and more.
How We Do
YUCHIP owns 15000 square meters of factory area, and every LED video wall is manufactured by our skilled team using state-of-the-art techniques and equipment. It's then hand-checked against a stringent quality control list to ensure it meets our very high standards. Furthermore, as an LED wall manufacturer, our management system complies with ISO9001-2015, and the outstanding LED video screens are certified by CE, RoHS, CCC, FCC, TUV, BIS with 3-5 years warranty.
Where We Go
Our team of 260 staff has decades of industry experience that enable us to provide superb solutions for customers to pick and choose from. Meanwhile, YUCHIP has successfully exported LED displays to over 102 countries worldwide as an LED screen manufacturer. YUCHIP committed to supporting customers with responsive service and rapid delivery, so we opened a branch office in Germany, Hungary, and Peru, authorized dealers in America, Italy, Malaysia, Thailand, etc. The Dubai branch office will also start soon.
Since YUCHIP startup, it's our mission and delight to help customers transfer any desired space into the digital world.
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