A new report from Futuresource Consulting paints an encouraging picture of the global LED display market, revealing that the sector will rise 4.5% in 2025, leading into new phase of expansion that’s forecast to deliver a 14.8% CAGR through to 2029, eventually raising to a global value of $16.8B USD.
“LED is rediscovering its momentum,” says Ted Romanowitz, Principal Analyst at Futuresource Consulting. “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 highlights unpackaged LED technologies, including chip-on-board (CoB) and chip-on-glass (CoG), as key growth engines. Together they are forecast to account for 57% of the fine-pitch market by 2029, as manufacturers move beyond traditional surface-mount (SMD) production. At the same time, the All-in-One (AIO) category is gaining momentum, with values projected to surge at a 42% CAGR to reach $1.5 billion by 2029. These pre-configured solutions are unlocking new channels and customers by simplifying installation, reducing integration costs and lowering technical barriers to adoption.
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 set 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, day-to-day use cases.
“The correction of the past year and a half has set the stage for a more stable, innovation-led growth cycle,” says Romanowitz. “As new manufacturing techniques mature and price erosion continues, LED is opening up fresh opportunities across both premium and mainstream segments, expanding Total Available Market (TAM) across all vertical markets. The story from here is one of expansion, not recovery.”
