According to TrendForce's observation of the regional market performance of LED display screens in 2024, 

the European and American LED outdoor display screen market continues to grow, but the growth of the LED indoor display screen market slows down. 

In addition, the product price competition is fierce. Overall, the demand for LED display screens in Europe and the United States is expected to remain stable in 2024.

However, the Chinese market demand is sluggish, the government budget is reduced, the social investment intention is weakened, and the price competition of LED display screens is fierce. 

It is expected that the output value of China's LED display screen market will show a downward trend in 2024. The Asian market includes the Middle East and Southeast Asia. 

The demand for LED display screens continues to grow rapidly, becoming the best performing region in 2024. Other markets such as Africa, Latin America, Oceania and other regions have maintained market growth,

 but the overall market size is relatively small.

Overall, as the application scenarios of LED display screens gradually increase, LED display screens gradually cover more markets around the world. 

Coupled with the requirements of high-resolution display, it is expected that the global LED display screen market size will have the opportunity to reach US$7.991 billion in 2025. 

Indoor/outdoor LED small-pitch display screens will still be the main driving force for future market size growth, with a compound growth rate of 10% and 4% in 2023-2028 respectively.

Indoor display

Benefiting from the market demand for high resolution and high dynamic range (HDR), the market for corporate conference and education space (Corporation & Education), virtual production (Virtual Production),

 home theater and cinema has grown steadily. The specifications of All-in-One LED Display are moving towards 135-146 inches 2K 16:9; 

in addition, the demand for 21:9 for video conferencing or 32:9 for lecture halls is gradually increasing in the European and American markets. 

In addition to the increasingly prosperous development of virtual photography in Southeast Asian countries, 

the filming of concerts (such as Taylor Swift's concert film) has also driven the market opportunities for high-end virtual photography. 

After the launch of Micro LED TV, it was introduced into the home theater, exhibition display and corporate conference and education space market; 

Micro LED transparent display is very suitable for use in retail department store space, art space (art gallery, museum, aquarium), and hospitality industry (Hospitality Industry), 

as an auxiliary introduction to display products, both of which will shine in 2025.

Outdoor display screens

Benefiting from live events and sports/education applications, the market demand for outdoor display screens has grown steadily.

In addition, creative displays such as spheres and naked-eye 3D have successfully enhanced urban landscaping and attracted the attention of passers-by, bringing visual shock. 

LED outdoor small-pitch displays are mainly used in street furniture and bus shelter displays. The market demand has expanded to the United States and Europe (the United Kingdom, the Netherlands, and Germany).

 NBC has also adopted Leyard's LUO-1.5 LED outdoor small-pitch display screen for the 2024 Paris Olympic Games.