Industry experts point out that although LED all-in-one machines are different from traditional LED engineering splicing screens, where "individual projects are big orders," they have three major application coverage:
The first is the 100 to 200 inch large screen market for education and conference displays, the second is the demand for digital signage screens ranging from tens of inches to 200 inches, and the third is the type of color TV products used for household use, mainly 75 to 200 inches... Although LED all-in-one devices are still "potential" products in the future, they are so diverse in application categories, especially in the consumer and household markets, making their future "quantity" full of imagination.
The command and dispatch center or XR virtual production is a market where tens of millions of dollars are invested in a single large screen system. Although each product may only have a unit price of tens of thousands or even tens of thousands in the future, there may be a potential market demand of tens of millions of units per year for LED all-in-one machines. The popularity and industry attention of LED all-in-one machines win in the "potential huge market potential".
According to data from Ovi Cloud Network, the number of conference rooms in China has exceeded 20 million, with a global increase of 100 million. With the increase in the penetration rate of small pitch LED screens, the sales scale in the video conferencing field is considerable. Among them, the proportion of screens with a large size of 100-200 inches is not less than 10%. At the same time, vocational colleges and universities are the main demand directions for LED education screens. At present, there are 3000 universities across the country, including classrooms, conferences, lecture halls, and other multiple scenarios. Taking a single classroom as an example, the potential capacity for smart classroom renovation in the next 10 years is expected to be approximately 60000 (with an average of 20 per school), and the potential capacity for smart classroom renovation in the next three years is expected to be 6000.
In the home market, with the further maturity of Micro LED manufacturing technology and continuous optimization of production costs, it is expected to take over the "home cinema and living room TV screen trend" of LCD and OLED in the future, becoming an important supplementary product in the mid to high-end home display market. Looking at the current global market, in 2022, the global TV brand shipment scale was 204 million units, of which 15 million were high-end TV shipments, accounting for 7.4% of the overall market and showing a growing trend year by year. High end televisions are the main competitive direction in the LED all-in-one home market. Lotu Technology predicts that by 2025, the global shipment of Micro LED televisions will exceed 35000 units, accounting for 0.02% of the overall color TV market. This proportion will gradually increase with the maturity of market products, and even aspire to reach 2% of the global color TV market. The monthly sales record for a single model of 98-inch color TV in China in 2022 is over 40000 units.
From this, it can be seen that the annual sales volume (commercial and household) of LED all-in-one machines in China in the future will be calculated in millions, and the global market may reach as high as tens of millions. This is a potential space that doubles for today's LED display industry.