Ranking No.1, Unilumin Reshapes the Market Landscape of LED Video Wall Industry

In 2022, as global market was stalked by a vicious economic downturn, most LED video wall manufacturers reported poor financial results. But as the saying goes, beyond the bitter end of winter lies the promise of radiant skies and thawing days. Following an economic upturn in 2023, the demand side, industry chain, and end market of LED video wall industry have regained vitality, empowering the total market size of LED video wall industry to further expand.

Overall LED Video Wall Market Picked up

On the demand side, while Chinese domestic market demand slowly warmed up, overseas markets enjoyed massive demands, especially in high-margin segments like outdoor rental and outdoor advertising LED video walls, benefited from the resumption of various activities in commerce, entertainment, and other sectors.

On the supply side, LED video wall manufacturers stayed vigorous in technological innovation and continually channelled efforts into research and development, further promoting the maturity of Micro/Mini LED technologies like COB and MIP, bringing down cost and boosting demand growth from the supply side.

On the application side, emerging markets such as cinema display and LED All-in-One maintained steady growth. Meanwhile, LED video wall has an increasingly larger footprint in markets including commerce, entertainment, sports, healthcare, and military, representing the diversification of applications and the increase of growth opportunities for LED video wall.

Against this backdrop, LED video wall manufacturers successfully reversed the situation of decline in business performance. According to five public companies’ annual financial reports for 2023, Unilumin, Absen, and Leyard achieved revenue growth. Unilumin, Absen and Ledman saw an increase in net profit, and Liantronics turned losses into profits.

It is noteworthy that they delivered impressive results in overseas markets. For instance, Unilumin and Ledman further improved their gross margins for overseas business, with Unilumin achieving a gross margin of 37.55%. Overall, the LED video wall industry has showed positive signs.

Unilumin Topped the List by Revenue, Reshaping the Market Landscape of LED Video Wall