Compared with MIP's "high profile", COB is slightly "low-key" in the second quarter of 2023. But in fact, COB is entering an explosive period in which its share is rapidly rising and its application fields are accelerating.
At the previously held Beijing InfoComm China 2023, nearly half of the manufacturers exhibited their COB display products. This also shows to a certain extent that COB is deeply rooted in the hearts of the people. The previously relatively high technical threshold is also being adopted by more manufacturers. breakthrough.
Research data from the GGII LED Research Institute (GGII) shows that domestic COB display sales will exceed 1.5 billion yuan in 2022. Against the backdrop of a decline in overall LED display sales throughout the year, the COB market has still maintained a certain growth.
According to GGII data, China's LED display market size will be approximately 49.3 billion yuan in 2022, of which the small-pitch LED display market size will be approximately 17.6 billion yuan.
Based on this calculation, COB displays will account for approximately 8.52% of the entire small-pitch LED displays in 2022.
However, GGII believes that with the gradual development of micro-pitch display technology and the reduction of costs, the COB display market segment will continue to maintain a growth rate of more than 30% in the next few years.
GGII predicts that as more manufacturers join the COB camp, as the technology matures and costs decline, the COB display market size is expected to approach the 2.5 billion yuan mark in 2023, accounting for more than 15% of the entire small-pitch display market.