According to a a new study, global consumption of packaged LED chips used in signage & professional displays will increase at a CAGR of 12.1% from US$2 billion in 2014 to US$3.56 billion in 2019.
By value, the consumption of dual in-line package (DIP) LEDs is forecast to rise over 20% annually. However, depending on sign/display-type and region, consumption of SMD LEDs is estimate to shrink as COB LEDs and MCOBs LEDs are set for a CAGR of 179.5% over 2014-2019.
The use of COB and MCOBs in signage and display applications is relatively new. COBs are typically considered the next-generation LED technology for general lighting applications. However, COBs are now finding their way into LED channel letter and panel/box signage, back-lighting units (BLUs) for LCD display screens, as well as R&D efforts and new product introduction in the digital signage/display applications.