I've never heard anyone pronounce LED (as in
LED display) the same way they pronounce "led". I'd say it's more likely a case of people not thinking about what they are writing. People get into the habit of using "a" when
writing words that begin with a consonant, and they sometimes do that even though they would
say it differently.
The same sort of thing happens with words such as "unique". Even though native speakers would automatically say "a unique design", people sometimes accidentally write "an unique design" simply because they're not paying close enough attention and the typing of "an" before an letter that is a vowel is automatic.
It may also sometimes be a case of "hypercorrection". In other words, someone might think they are using a correct grammar rule when in fact they are not.
Hypercorrection
By the way, when I did a Google search for "a LED display" and "an LED display" there were nearly four time more results for "an LED display".