Choosing between two display types, LED and LCD discussed in this application note from Murata. Link here (PDF)
Users of contemporary digital panel meters (DPMs) have a variety of options available to them. While options are nice, they invariably mean more choices have to be made. After determining what meter resolution one requires, the next most basic decision is usually which type of display to use liquid crystal or light emitting diode?
Traditionally, liquid crystal displays (LCDs) have been the obvious choice for outdoor/daylight applications and/or for applications requiring extremely low power consumption (current drains less than 15mA). Light emitting diode (LED) displays, with their comparatively low light intensities and relatively high current drains, have been excluded from these more demanding applications.
Recent DATEL innovations, most notably the introduction of extremely low-power LED displays, have complicated the once straightforward, LED/LCD decision.