Orlando, FL – July 17, 2024 – Absen Inc., the US subsidiary of Absen, the internationally acclaimed innovator in LED display technology, announces OMDIA, a renowned market research firm, has recognized Absen as the leading provider of LED display solutions outside of China. This recognition follows Absen’s remarkable growth in unit shipments during the fourth quarter of 2023 (4Q23).
“We are thrilled to be recognized by OMDIA as the leader in LED display solutions outside of China,” said James Liu, President of Absen Inc. “We are dedicated to advancing LED display technology and expanding our global footprint. As the demand for high-quality LED displays continues to grow, we are focused on remaining at the forefront, setting new standards for excellence in the industry.”
Absen claimed the top spot for unit shipments in the fourth quarter of 2023 (4Q23), with a significant 43.2% quarter-over-quarter (QoQ) increase compared to the third quarter of 2023 (3Q23). The company saw notable growth in the Fine Pitch Product (FPP) category, which surged by 45.9%, and in the 10.00–14.99mm category, which skyrocketed by 86.2%. Absen’s year-over-year (YoY) growth reached 39.3%, resulting in the highest total shipments since the first quarter of 2019 (1Q19). This exceptional performance enabled Absen to lead the global market with a 16.2% market share in 2023.
Maintaining its position as the market leader outside of China, Absen achieved a QoQ growth of 31.9%, with shipment volumes exceeding 54,480 square meters. The total shipments in 4Q23 surpassed those of the same period in 2022, setting a new record for the company. Absen’s YoY growth has been consistent since the second quarter of 2021 (2Q21), with a 20.5% increase. In 2023, Absen captured the largest shipment share of 21.3% outside China.
Absen released several new products that significantly contributed to this growth. From their ProAV lineup, they introduced the Absenicon C Ultrawide, Absenicon X Series, and K V3 Series. Additionally, as part of AbsenLive, they launched the Flex Series, Jupiter Pro Series with an 8mm pixel pitch, and the Pixel Reality Series with 1.9mm, 3.9mm, and 5.2mm pixel pitches. These innovative releases played a crucial role in driving Absen’s impressive growth.
For more information on Absen Inc., please visit www.usabsen.com/. Keep up with the latest news from Absen on Facebook,X (formerly Twitter), LinkedIn and YouTube.