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ElectroniCast Consultants Publishes Light Emitting Diodes Used in Signage and Professional Displays Global Market Forecast - According ElectroniCast Consultants, the worldwide use of LED packaged chips in signage & professional displays is forecast to grow at 11.9% per year - ElectroniCast.com
ElectroniCast Consultants Publishes Light Emitting Diodes Used in Signage and Professional Displays Global Market Forecast

 

NewswireToday - /newswire/ - Aptos, CA, United States, 2014/03/27 - According ElectroniCast Consultants, the worldwide use of LED packaged chips in signage & professional displays is forecast to grow at 11.9% per year - ElectroniCast.com.

   
 
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ElectroniCast Consultants, a leading market research consultancy, today announced the release of a new market forecast of Light Emitting Diode (LED) packaged chips used in signage and professional displays.

According to the market study, the worldwide value of LED packaged chips placed in signage/professional display is expected to reach nearly $2 billion in 2014 and the consumption value is forecast to increase at an average annual rate of 11.9% to reach $3.56 billion in 2019. Market demand is climbing for indoor and outdoor signage/displays used in airports, shopping centers, roadways, sport venues, hospitals, hotels, business centers, public transit vehicles and stations and an almost endless list of other applications.

“In 2014, the use of LEDs in lighting, especially in signage and display applications is fully set in the growth stage in the product life cycle (PLC). Especially in digital signage and TV-type (commercial TV) displays and Large Format Displays (LFDs) sold through the B2B (business-to-business) activity,” said Stephen Montgomery, Director of the LED Lighting market research group at ElectroniCast Consultants.

“This application covers LEDs used in stationary and vehicle-based signs and displays. LEDs are used in building facades, airports and public transit stations, large outdoor video screens, digital billboards, sport/stadium displays, small indoor retail displays, food displays (restaurants/ supermarkets), signs on taxis and destination signs on mass-transit vehicles, channel-lettering/light-boxes, LED/LCD TV screens (used exclusively for professional display purposes), and the list continues,” Montgomery added.

The market forecast covers Standard-type versus High Brightness- (HB) type LEDs used in signage and professional displays. In terms of value, HB-LEDs are forecast to maintain the market share lead; however, in terms of volume (the number of LEDs), standard-type LEDs, dominate in market share, since there is a huge difference in average selling prices between HB-LEDs and standard LEDs.

 
 
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Written by / Agency / Source: ElectroniCast Consultants

 
 

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ElectroniCast Consultants Publishes Light Emitting Diodes Used in Signage and Professional Displays Global Market Forecast

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Publisher Contact: Theresa Hosking - ElectroniCastConsultants.com 
831-708-2381 thosking[.]electronicastconsultants.com
 
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