It is reported that since the introduction of the concept of smart cities by the Ministry of Housing and Urban-Rural Development in 2010, the development of smart cities in China has been in full swing. By 2014, with the official introduction of the National New Urbanization Plan (2014-2020), it means that smart cities have become a new model for urban development in China. From the introduction period of the "smart" concept led by the government to the pilot exploration period of comprehensive application of information technology and acceleration of urbanization to the coordinated promotion period driven by data brain, and to the "digital twin city" of platform empowerment and resource sharing, the upgrading of concepts, landing of scenarios, technological progress, ecological construction, and various new driving forces have become the new engines driving urban evolution.
With the advancement of the concept, the true key to the evolution of cities towards intelligence lies in correctly understanding the development needs of cities and matching them with technology. As a digital intelligent terminal, LED display screens can greatly meet the digital requirements of smart city construction, and in this context, LED display screens have also ushered in a huge blue ocean market. According to statistics from China Academy of Information and Communications Technology and other institutions, the market size of China's smart cities has maintained an average annual growth of over 30% in recent years. In 2021, the market size reached 21.08 trillion yuan. According to data released by the China Smart City Working Committee, it is expected that the market size of China's smart cities will reach 25 trillion yuan in 2022, a 20 fold increase from 2016. Currently, the annual investment in smart cities in China is growing rapidly and has entered a period of comprehensive outbreak. This is undoubtedly an opportunity that cannot be missed for LED display screen companies. LED display screen companies are not only technologically advanced but also possess "intelligence" in this wave of wisdom.
So, how did LED displays participate in the "Smart City" pilot program during the past decade? To understand this, we may glimpse the trend from the "2022 China Smart City Construction and Development Insight Report" (hereinafter referred to as the "Report") released by Tianyancha. Since 2015, "new smart cities" have become an important concept in urban development; According to 2019 statistics, there were 789 pilot "smart cities" in China; As of December 2020, there have been over 900 cities in China that have proposed "smart cities" as their development blueprint. More importantly, the development of these cities has demonstrated a 'thousand faces and thousand cities', and LED displays are ubiquitous in fields such as smart transportation, smart security, and smart education.