Fine-pitch LED displays drive LED prices up, says LEDinside
LEDinside’s analysis furthermore finds that the average LED usage volume for all indoor LED displays will increase from 60,000 in 2015 to 270,000 per square meter over the next two years. With surface areas of mainstream indoor LED display systems remaining constant, the usage volume of LED packages for this application is expected to more than triple during this two-year period.
The market for fine-pitch LED display is expanding rapidly in scale and the market research firm expects the global consumption of LEDs specifically for indoor fine-pitch LED displays to reach 29 billion this year, growing at a CAGR of 46% to 189.8 billion in 2021.
Then China’s manufacturing capacity is expected to take over, driving production costs down and boosting market growth. The market value of LEDs for indoor fine-pitch displays is forecast to increase at a CAGR of 21% from US$300 million to US$800 million over the next five years.
As package manufacturers overcome the technological challenges related to developing SMD LED components (e.g. moisture absorption and UV radiation), outdoor LED displays are also starting to have more pixel volumes and pixel densities. The pitch requirements are also advancing from P10 on average to P6 and under. Products with smaller pitches are expected to see surging growth in the near future.
LEDinside’s analysis finds that the global consumption of LEDs for all outdoor LED displays will grow from 93.6 billion in 2015 to 286.4 billion in 2021.
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