Seven-time winner! Leyard celebrates No.1 share of global LED market seven consecutive times
According to the Global LED Display Market Report recently released by Futuresource Consulting, a leading market research consultant, Leyard LED, FPP LED and indoor LED products remained No.1 in share of global LED market, winning seven times in a row!
Leyard fixed LED ranked No.1 again in share of global market. Leyard also became a global LED retail vertical market leader in the context of global retail digitization in 2022. The strong growth momentum continued in the global LED display industry in 2022.
The report shows that the global LED display industry grew 10.6% year-over-year to $8.5 billion in 2022 and expects the global LED market to grow by 10.2% to $9.3 billion in 2023. It is forecast that the compound annual growth rate will reach 17.4% and the market size will increase to $20.8 billion by 2027. As China’s Champion of Specific Product in Manufacturing, we are confident in the future of the display industry.
Source: In analyzing the differences between domestic LED brands, the latest Global LED Display Market Report released by Futuresource Consulting indicates that Leyard is a true, domestically driven Micro LED innovator. The Global True MicroLED Display Market Report of the agency states that the Micro LED technology, process and manufacturing specifications developed by Leyard provide strong support for cutting-edge technology.
Leyard got deeply involved in preparation of standards and specifications for the display industry as the core author of 2023 Direct View Mini/Micro LED Industry White Paper in October this year. Leyard P0.9 Micro LED movie screen (3.8 m long and 2 m high) was DCI certified in September, becoming the first cinema grade Micro LED in the world, making Leyard a cinema LED screen brand featuring the most DCI certified (four independently developed) LED screens, most complete models, and the world’s first cinema grade Micro LED. Leyard and Saphlux jointly launched the first 162-inch 4K direct view QLED in April, incorporating quantum dots, the award-winning technology, into large direct view Micro LED for the first time. In October, three scientists won the 2023 Nobel Prize in Chemistry for their fundamental contributions to the discovery and synthesis of quantum dots. The series of authoritative certifications not only recognizes our innovation capacity, but also encourages the group to continue to promote industry development through innovation.
In the past three decades, we have been empowering a wide range of industries and promoting innovation-driven development of the global display industry by developing innovative display solutions through independent and joint development. Our original FPP LED and UHD Micro LED products are popular all over the world. With “let the world see” in mind, we will continue to bring our national brand and “displays made in China” to the world stage based on innovation in cutting-edge technologies, products and solutions.