Market research company IHS research pointed out that the total shipments of direct-view LED video market in 2015 increased by 15.6% compared with the same period of last year. However, overall revenue in 2015 increased by only 1.2%, mainly due to the price decline in all pixel spacing categories. Between 2016 and 2020, shipments of direct-view LED video units are expected to maintain a CAGR of 16%.
SanjuKhatri, head of IHS's digital signage and professional display, said: "The LED video industry application trend is slightly different from other technologies because it has fewer projects in commercial and educational signage. Users in these fields are more inclined to adopt front projection projectors and LCDs. Display. The popular applications of LED video are in retail, outdoor sports and public places. Indoor applications represented by public spaces, retail, control rooms and corporate signs are showing a growing trend."
In 2015, small-pitch LEDs below 1.99mm achieved a year-on-year growth of 366%, and the 2mm to 4.99mm category achieved a growth of 129%. The vast majority of these two fast-growing categories were attributed to the latest in small-pitch LEDs. Technological progress. Although slower than 2015, the strong growth momentum of these two categories is expected to continue in 2016. It is expected that shipments in the category below 1.99mm will increase by 84.8%, and in the category of 2mm to 4.99mm will increase by 77.1%.
IHS expects that the pace of progress towards smaller pitches will slow significantly in the short term, mainly due to the size limitations of current LED packages. The current narrowest pixel pitch LED video display is a 0.7mm product introduced by Liard in September 2015. The price difference between products below 1mm and products from 1.2mm to 1.9mm has more than doubled, so products below 1mm are rarely used in video wall installations. Major brands such as Chau Ming, Alto, and Liard have positioned products below 1mm in large-size displays for retail stores, control rooms, conference rooms, airports, and other indoor applications.
In the long run, the industry is replacing traditional surface mount devices (SMDs) with new packaging methods, chip-on-board (COB), especially for small-pitch LEDs. Khatri pointed out: "COB can achieve higher LED package density, LED compact array, can achieve higher thermal efficiency, cost efficiency and durability. LED video display market will usher in the rapid growth of COBLED."

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