Signage/Professional Display LEDsGlobal Market Forecast
Aptos, CA (USA) – August 30, 2016 -- ElectroniCast Consultants, a leading market research consultancy, today announced the release of a new market forecast of Light Emitting Diodes (LEDs) used in signage and professional displays.
According to the market study, the worldwide value of signage/professional display LEDs reached $2.29 billion in 2015 and the value is forecast to increase at an average annual rate of 9.5% to reach $3.61 billion in 2020.
This study report details the use of LEDs, segmented by the following package-type: Dual In-line Package (DIP), Surface Mount Diode (SMD), and Chip on Board (COB)/MCOB.Also, the use of each of the package-types are segmented by the following sign/display-type: Digital and Open-Face Signage/Display, Backlit Channel Letter/Box Signage/Display, and Backlighting Professional LCD Display Screens.
The consumption value in Dual In-line Package (DIP) LEDs is forecast to increase in value at 13.3 percent per year; however, depending on the sign/display-type and region, the overall value of Surface Mount Diode (SMD) LEDs are forecast with negative growth as Chip-On-Board LEDs (COB) and Multiple-Chip COB LEDs (MCOBs) are set for explosive annual value growth of 71.3 percent (2015-2020). Market forecast data refers to consumption for a particular calendar year; therefore, this data is not cumulative data.
“The use of Chip-On-Board LEDs (COB) and Multiple-Chip COB LEDs (MCOBs) in signage and display applications is relatively new. COBs are rapidly finding there way into LED Channel Letter and Panel/Box signage, Back Lighting Units (BLUs) for LCD display screens, as well as enhancing pixel-pitch in digital signage/display applications,” said Stephen Montgomery, Director of the LED market/technology research group at ElectroniCast.
ElectroniCast Consultants –specializes in forecasting trends in technology, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.
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