Omdia: LED Display Revenue To Grow 11.6% Annually Through 2030
Omdia forecasts global LED display revenue to grow at an 11.6% CAGR between 2026 and 2030 despite cost pressures and weaker demand in traditional applications, with stronger growth expected from 2027, driven by higher-value products, emerging applications and expanded regional manufacturing.
According to Omdia's LED Video Display Market Tracker – 2Q26, worldwide LED video display shipments rose 3.3% year over year in the second quarter of 2026, while revenue slipped 0.2%. The research firm forecasts global LED display revenue to grow at an 11.6% compound annual rate between 2026 and 2030, driven by higher-value products, emerging applications and expanded regional manufacturing.
Cindy Liu, senior analyst at Omdia, said rising prices and changing market conditions are prompting vendors to reassess their product portfolios and focus on higher-value opportunities. Since late 2025, manufacturers have faced successive price increases for LED chips, driver ICs, printed circuit boards and power supplies, with several display brands responding through three or four rounds of increases with cumulative adjustments ranging from 3% to 30%.
Manufacturers are increasingly concentrating on mid-range and premium displays, with greater emphasis on energy efficiency, reliability and product differentiation. Trade tensions and supply chain pressures are also pushing production closer to regional markets. Omdia points to Daktronics' investment in a manufacturing facility in Saltillo, Mexico, intended to provide greater flexibility in managing costs, tariffs and regional customer requirements, and to Leyard's expansion of manufacturing in Saudi Arabia following a 2024 agreement with Saudi Engineer Holding Group Establishment (EHG), with production originally scheduled to begin in the second quarter of 2026.
Emerging markets across Asia, Latin America, the Middle East, Africa and Eastern Europe offer additional growth opportunities, supported by infrastructure investment, urbanization and increasing adoption of digital display technologies. Beyond conventional signage, Omdia identifies immersive entertainment, cultural attractions, virtual production, sports venues and commercial installations as increasingly important growth markets. Advances in Micro LED, chip-on-board (COB) packaging and seamless display technology are enabling more sophisticated installations, including curved and spherical displays used in planetariums, science centers and museums.
Corporate signage is projected to record a 14.7% CAGR in revenue between 2026 and 2030, while public-space applications are expected to grow 10% annually. Omdia expects these applications to support stronger market growth from 2027 onward. The forecast suggests that future LED market growth will depend increasingly on the value and capabilities of installations rather than shipment volumes alone.