LED Molecular Display Market (By Type: Indoor Modular Screens, Outdoor Modular Screens) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

The global LED molecular display market is expected to grow at a CAGR of around 13.5% from 2020 to 2027 and expected to reach the market value of around US$ 7,658.5 Mn by 2027.

LED molecular displays are regarded as a cornerstone of next-generation display technology, capable of meeting the personalized demands of advanced applications such as mobile phones, wearable watches, virtual/augmented reality, micro-projectors, and ultrahigh-definition televisions. LED molecular displays are currently the focus of display research due to their superior properties in terms of brightness, lifetime, resolution, and efficiency.

Impact of COVID-19 on LED molecular display market

The COVID-19 pandemic is expected to have a significant impact on the LED modular display market, as the global lockdown imposed to contain the virus's spread has disrupted supply chains and manufacturing tasks. The demand for LED modular displays has decreased significantly as a result of the lockdowns, and no marketing campaigns are being conducted in public places. However, demand for LED displays is expected to increase once the strict lockdown guidelines are relaxed and public gatherings and outdoor functions, such as conferences, sporting events, and concerts, resume.

Market Trends

Big calls for LED molecular display in healthcare sector

LEDs have proven their adaptability in the healthcare industry. With their high luminous outputs and energy-efficient designs, high-performance LEDs are pushing the boundaries of surgical lighting and light-applied medical treatments. Advanced LED surgical lighting systems typically employ modular panel designs, with each panel outfitted with arrays of high-powered LEDs to provide superior uniform illumination. These systems employ cutting-edge color-control technology that allows for the adjustment of the colour temperature of the output light while maintaining high color rendering. This results in improved surface contrast and tissue differentiation at the surgical site. Colored light, for example, has a calming effect on patients because the light changes dynamically, providing the human organism with an activating impetus. Several integrations have been revealed by combining LED technology and medical research, demonstrating the technology's potential in healthcare applications and development. For example, in February 2018, researchers at the University of Tokyo and Dai Nippon Printing (DNP) collaborated to develop a new ultrathin, elastic Micro LED display that fits snugly on the skin. The “skin electronics” integrated biomedical sensor system combines a flexible, deformable display with a lightweight sensor comprised of a breathable nanomesh electrode and wireless communication module.

Market Drivers

The growing adoption of LED modular displays in a variety of applications, such as retail stores, air terminals/railways, media and marketing, sports and entertainment, theatres, and control rooms, is expected to drive market growth over the forecast period. Furthermore, an increasing number of outdoor events, such as sports events, music concerts, product launches, brand endorsements, and political gatherings, are displaying live video, traditional marketing, dynamic content, and social media marketing. This is expected to increase demand for LED modular displays. Many businesses are utilizing advanced technologies such as augmented reality, artificial intelligence, machine learning, and big data to increase customer engagement. Retail stores use intelligent displays that allow customers to virtually try on dresses.

But apart from that, the modular digital LED screens allow for any screen size or configuration. The modules are available in a variety of sizes and pixel pitches. Display development sells, installs, and maintains digital LED screens for a variety of applications. LED screens are available with pixel pitches ranging from 2mm to 10mm, depending on viewing distance.

Market Segmentation

The global LED molecular display market is segmented into type and regions. By type, the market is classified into indoor modular screens and outdoor modular screens.

The outdoor modular screens segment is expected to account for the highest revenue share during the forecast period. Outdoor LED screens are specifically designed to provide information in a visually appealing manner even in harsh environmental conditions such as extreme heat, dust, and rain. Because of its massive demand in sophisticated applications such as perimeter boards, stadium screens, scoreboards, advertising boards, and video walls, the segment holds a dominant share throughout the forecast period. Furthermore, an increase in outdoor events such as sporting events, music concerts, product launches, brand endorsements, and political gatherings is expected to drive segment growth.

In addition, the indoor molecular screens segment is expected to grow at the fastest CAGR during the forecast period. The growing demand for LED video walls to display information about flight departures and arrivals, buses, and trains at airports and train stations is expected to drive segment growth. Furthermore, LED video walls are regarded as the most efficient and dependable video walls. They are rapidly gaining popularity, owing primarily to their ability to deliver high-quality and seamless images. As a result, video walls are increasingly being installed in retail spaces and shopping malls.

Regional Landscape

Europe will have the largest market share in the global LED molecular display market, according to region. This is due to high demand from digital-out-of-home (DOOH) advertising projects and the growing adoption of the technologies in countries such as the United Kingdom, Germany, Italy, and Belgium, among others. Furthermore, the growing number of corporate exhibitions, sporting events, and live concerts are expected to drive up demand for LED modular displays in Europe.

Asia Pacific, on the other hand, is expected to have the fastest growing CAGR during the forecast period. The continuous development of public venues, as well as the subsequent adoption of modern display technologies for advertising purposes, is driving factors in the global LED molecular display market.

Competitive Landscape

The market is highly competitive and is characterized by large and small players operating in the market. The prominent players of the global LED molecular display market involve SAMSUNG ELECTRONICS CO., LTD., SHENZHEN ABSEN OPTOELECTRONIC CO., LTD, Yaham Optoelectronics Co., Ltd., NEC Display Solutions, Baxter, Pro Display, Barco NV, Sony Group Corporation, and among others

Key Takeaways

In August 2019, PixelFLEX has announced the release of a new product called "FLEXUltra XT." With its ultra-high-resolution pixel pitch options, all-in-one optional ground support system, and the innovative PixelShield protective technology for a long-lasting and dynamic LED video experience, the newly launched product offers unparalleled design potential for any live production.

In December 2019, Samsung has announced the launch of a new product in India called "The Wall modular MicroLED luxury displays." There are two versions available: "The Wall Luxury" and "The Wall Pro." The Wall Luxury was designed for consumers looking for a high-end home entertainment screen, whereas the Wall Pro was designed for businesses and includes business-relevant features.

Market Segmentation

Market By Type

Indoor Modular Screens
Outdoor Modular Screens

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa