Futuresource Consulting has published research predicting that the global LED display market will deliver a compound annual growth rate of 14.8 per cent through to 2029, with the sector’s value forecast to rise 4.5 per cent in 2025 after a year of relative stagnation.
The consultancy’s latest display market report suggests that unpackaged LED technologies, including chip-on-board (CoB) and chip-on-glass (CoG), are designed to serve as key growth engines. The company says these technologies are forecast to account for 57 per cent of the fine-pitch market by 2029, as manufacturers move beyond traditional surface-mount production.
Ted Romanowitz, principal analyst at Futuresource Consulting, says: “LED is rediscovering its momentum. We’re seeing renewed confidence across both the supply chain and end-user markets, driven by transition to next-generation packageless LED technologies such as CoB and CoG enabling closer up viewing experiences with higher pixel density.”
The report indicates that the all-in-one category is designed to gain momentum, with values projected to surge at a 42 per cent CAGR to reach $1.5bn by 2029. Futuresource says these pre-configured solutions are designed to unlock new channels and customers by simplifying installation, reducing integration costs and lowering technical barriers to adoption.
According to the research, China continues to lead global production and consumption, accounting for more than half of total LED display value in 2024. However, EMEA and the Americas are designed to deliver faster near-term growth, driven by expanding corporate, retail and public-space deployments.
Futuresource notes that large-format installations and high-end retail remain key performance segments, while education, transport and control-room applications are expanding LED’s footprint into more functional use cases.
Romanowitz adds: “The correction of the past year and a half has set the stage for a more stable, innovation-led growth cycle. As new manufacturing techniques mature and price erosion continues, LED is opening up fresh opportunities across both premium and mainstream segments.”
