Innovation drive will be the key to the future development of LED display industry

Publisher: Supplier of LED Display Time: 2019-11-18 19:47 Views: 2154

        LED display industry in the process of ten years of development, industry market structure and competition pattern is changing, the development so far, including the double factors of the external environment, industry overall GDP growth is slowing, and the industrial chain each link mature technology, market trend and intensive, competition gradually stability, industry gradually matures, under this background, Innovation will be the key to the industry's future development.  


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  First, the existing LED display industry system is gradually mature: the current LED display industry pattern is gradually mature, the upstream and downstream division of the industrial chain is increasingly clear, focusing on display production manufacturers, market channels, engineering installation, after-sales service, operators and other aspects of close cooperation, win-win development.
 
  Second, innovation drives industrial upgrading: The problem of LED display manufacturing in China seems to be overcapacity, but in fact, the middle and high-end manufacturing industry is not growing. The current problem with LED display products in China is not that there is no demand, but demand is concentrated in high-end manufacturing. Only by eliminating outdated and ineffective production capacity with new supply of high quality and low energy consumption can LED display enterprises in China drive new demand with new supply and achieve great development of enterprises.
 
  Among them, the large-scale and commercial application of new technologies will drive the LED industry into high-speed growth, such as Mini/Micro LED. The industry is all optimistic about the growth potential of Mini LED application. At present, major manufacturers of the industrial chain have basically completed the layout of Mini LED and formally entered the mass production stage, which is expected to drive the growth of the industry.
 
  At the same time, the LED display industry chain needs innovation, reform and breakthrough, is user-oriented service and experience, which is also the weakness and weakness of the industry development. On the one hand, user service belongs to a typical "long investment cycle, slow return", many manufacturers lack long-term investment and planning; On the other hand, after-sales service is easy to "free" in the quagmire, many manufacturers slow to find profit returns. And how to solve this problem well, need the whole industry to work together.
 
  Thirdly,LED giants are accelerating innovation and transformation: It has become a common consensus for large manufacturers that LED display market growth is slowing down and overcapacity, and LED giants are accelerating innovation and transformation.
 
In recent years, a number of LED display companies have promoted the cross-border innovation of LED display categories, such as LED lamp pole screen combined with street lights, LED advertising machine integrated into the new retail market and other products, which have injected a lot of fresh vitality into the LED display industry.
 
 Market competition is inevitable stage in the development of industry, innovation, transformation, LED display industry is no exception, of course, is also the important performance of the industry constantly to the benign development, therefore, LED display enterprise go on market segment, innovative product technology to enhance product value, should also expand into industry chain upstream and downstream, realize the whole industry chain layout, And increase resources integration efforts, improve the service level, improve the technical content of products.