According to the latest LED display monthly export report, China's LED display export market reached US$141 million in April, setting a new high for a single month, continuing the favorable situation in the first quarter, indicating a steady increase in overseas market demand.
Industry insiders pointed out that LED small-pitch display industry is in strong demand, but there are many LED display manufacturers in the Mainland. The homogeneity of products is serious, and the price is falling, resulting in a decline in the profits of LED display companies. Major LED manufacturers have accelerated their expansion into overseas markets and sought profitable points.
Data show that in April the export market size of LED display products was 141 million US dollars, an increase of 29.5% year-on-year, an increase of 27.2% compared with the previous month, and the demand in overseas markets grew steadily.
However, analysts pointed out that LED display applications have broad prospects, but there are many problems such as low industry concentration, decentralized market share, and fierce price competition between low-end and mid-range products. Faced with the new situation in the industry, large companies will focus on core business in the future and will start a new wave of mergers and acquisitions to diversify their layout.
