With the addition of security giants, LED small-pitch displays have been widely used in the security field, greatly expanding the application market of the entire LED display. According to the data, the total output value of the global security industry in 2019 reached 360 billion U.S. dollars (approximately 2.540 billion yuan). According to the 2019 revenue rankings, domestic companies Hikvision and Dahua still occupy the first and second positions. , Sales revenue far exceeds that of other companies, and both focus on product diversification. In 2019, in the global security TOP50 list, Chinese security companies accounted for 19, accounting for 36%, and the country was the most shortlisted country. It can be seen that Chinese companies lead the global security market.
At present, the domestic security market is also developing very rapidly, which is an important factor in attracting giants to enter. Data from the "China Smart Security Industry Survey and Investment Strategy Report 2020-2026" released by Zhiyan Consulting shows that between 2013 and 2019, the market size of smart security increased from 110.05 billion yuan to 259.05 billion yuan, a compound annual growth rate. 13.01%. Whether it is traffic guidance systems, public security management, smart city and other monitoring center command rooms, the display screen is needed as an information carrier, which is a development opportunity for major LED display manufacturers. At present, the specialized display market such as security is still the main field of LED small-pitch applications.
On the whole, security companies involved in the LED display business will intensify industry competition to a certain extent. The scale, brand, channels, and capital of leading security companies are beyond the reach of traditional LED display companies. However, the large and fragmented security market determines that leading companies that win the overall solution cannot monopolize the entire market. On the contrary, LED display companies can take advantage of the "small boat to turn around" and use relatively low costs and personalized customized services to meet the different needs of the security market in various regions. It should be said that in the global security market, domestic display companies and leading security companies such as Hikvision, Dahua, and Univision are forming good complements to jointly promote the application of LED displays in security and other special display markets.
The construction of smart cities has also driven a huge amount of market demand in the security market. In addition, the renewal of old security facilities in cities around the world is a popular market. In the next 5 years, it is conservatively estimated that China's security display market demand will be at the level of 100 billion. LED display has been involved in the security monitoring market since the era of small spacing, which soon replaced DLP and became the first choice for security monitoring screens. With the continuous improvement of LED display screens with smaller spacing and IMD, COB, and Mini/Micro technologies, more and more technically excellent LED displays will be used in the security field in the future. Special display markets such as security monitoring will become a testing ground for the application of new LED display technologies, and will accumulate more experience for LED display companies to explore new application directions.
It is worth mentioning that with the promotion of display products in the security market, it has also led to its development in the fields of government affairs, commercial display, etc. It is precisely with these successful experiences that LED displays continue to open up more market segments , And the pie of the entire display market continues to grow, which ultimately promotes the healthy development of the entire industry.
In general, the scale of the domestic and international security market will continue to expand in the future, and both security companies and Chinese LED display companies will usher in huge opportunities. If professional display companies want to gain a foothold, they need to give full play to their own advantages, based on the successful application of the security market, and continue to increase the expansion of the surrounding market, especially in the "Internet of Everything" era of the Internet of Things, LED display companies must have " The courage of "Screen Connect Everything" to promote the expansion of LED display in various application markets including the security field, so that the LED display industry market has also entered the 100 billion mark.
