LED display market demand continues to rise

According to the latest data from ElectroniCast Consultants, the global market for LED packaging for professional signage and professional display applications in 2014 was around US$2 billion, with an annual growth rate of 11.9% from 2014 to 2019, and it will reach US$3.56 billion in 2019.

Demand for indoor and outdoor applications such as airports, shopping malls, roads, stadiums, hotels, hospitals, business centers, and buses and stations has been rising. The use of LED lighting in 2014, especially for signage and display applications, is entering a complete growth phase, especially digital signage, television display and large-size display sales through B2B. The application of these LEDs covers the use of traffic signs and displays for traffic sites and cars, building facades, airports and public transportation sites, large-scale outdoor video, digital signage, sports stadium displays, small indoor retail displays, food displays, taxis There are more applications in the future with bus station terminal signs, light boxes, LCD TV screens, etc.

In terms of output value, HB-LEDs lead the standard LED, but in terms of output, standard LED dominates, because the average selling price of the two is very different.