Inventory The Six Major Areas That Can Be Broken Through in The LED Display Screen Industry

Dec 08, 2023

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A. Virtual reality technology.

After nearly a century of development, the global virtual reality industry is still in its early stages, and supply chains and various supporting facilities are also being explored. However, the development prospects of virtual reality technology are remarkable, as it has a wide range of applications in gaming, film and television, education, sports, interstellar exploration, medicine, and more. At present, major consulting firms are optimistic about the super rapid growth of virtual reality in the next five years, and the outbreak is coming to an end.

The second is the sports industry.

Last year, major sports giants in China began targeting high-quality sports projects overseas and gradually moved towards a mature sports profit model - tickets, media broadcasting rights, sponsorships, and sports derivative products. So, sports industry entities with high-quality event resources and a large audience will continue to be sought after by capital.

Everyone knows that the application tentacles of LED display products have extended to the sports industry. In today's world, LED displays have become an indispensable display medium for sports events. Due to its excellent brightness, color, lifespan, and application flexibility, LED display screens have been widely used in many sports events abroad, such as the Beijing Olympics, Guangzhou Asian Games, Shenzhen Universiade, Sochi Winter Olympics, etc., including opening and closing ceremonies, information displays inside and outside venues, and displays around venues. The applications are becoming increasingly diverse, and the output value has broken through, moving towards a higher level.

3, Cloud computing.

The migration of businesses to the cloud is a trend, indicating that the growth of the public and private cloud markets is still synchronized. Nowadays, many enterprises in the LED display screen industry have established their own cloud platforms, but their market share is not large. It is understood that the cloud computing market is still in its early stages, and the market cake is becoming increasingly attractive. Therefore, accelerating the establishment of cloud platforms by LED display screen enterprises will be a favorable opportunity to seize the market opportunity.

(4) Big data.

The financing amounts for the data industry from 2013 to 2018 were $800 million, $1.54 billion, and $2 billion, respectively; The financing amounts from 2013 to 2018 were 10 times, 42 times, and more than 50 times, respectively. "Big data+" has penetrated almost all industries.

The development of digital new media is getting faster and faster, and we urgently need to solve the confusion in the installation of outdoor LED displays in order to continuously advance the outdoor advertising industry. Whether it is the management of outdoor advertising or the scientific and digital evaluation of it, it requires the use of big data. Only with the help of big data can the outdoor advertising industry obtain new development opportunities.

5, Medical devices.

China's medical device market started relatively late, but developed rapidly. From 2001 to 2018, the size of China's medical device market increased from 17.3 billion yuan to 255.6 billion yuan, an increase of nearly 15 times, with a compound growth rate of 23%. However, from the comparison between the size of the medical device market and the size of the drug market, the global medical device market size is about 40% of the global drug market size, while the proportion in China is less than 15%. With the development of the economy and the intensification of aging, the development potential of the medical device market is great. At the same time, the introduction of a series of policies such as the "Special Approval Procedure for Medical Device Innovation (Trial)" has contributed to the development of healthcare in China