Experts say Research: In 2030, COB/MIP will account for nearly 50% of the LED display market

Recently, experts say that the new special issue "2026 COB/MIP Display Report (Special Issue)" has been officially launched. This report takes COB and MIP technology routes as the core, and provides a panoramic dismantling of the future direction of the LED display industry from the four dimensions of market progress, technology iteration, production capacity supply and demand, and output value trends.

The following are some of the key points of the report:

In the next 1-2 years, P1.2 pitch COB will continue to dominate the market

This report quantifies the shipment structure and volume scale of the mainstream pitch of COB through the real supply and demand of the current market.

Experts say that Research data shows that in 2025, out of the overall demand of 180,000 KK/month, converted into area, the overall demand for COB will be approximately 35,000 square meters/month.

Judging from the shipment performance of subdivided pitches, the market echelon is clear and highly concentrated:

P1.2 pitch COB ranks first in current shipments, with an average monthly shipment of 17,000 square meters, and is the main force in the market at this stage;

P1.5 and above pitch COB follows closely behind, with an average monthly shipment of 9,000 square meters, rapidly penetrating into general display scenarios;

The average monthly shipments of P0.9 pitch COB, which focuses on ultra-high-definition commercial scenarios, reached 8,500 square meters, stabilizing the basics of the high-end market segment.

Comparing the 2024 data, the shipments of the three major mainstream spacing products have all achieved steady growth, which fully confirms that the large-scale implementation of COB continues to accelerate.

As the shipment scale continues to expand, the COB industry will show a typical development trend of increasing volume and decreasing price in 2025. The price of the entire range of spacing products continues to decline, which to a certain extent offsets the output value dividend brought by the increase in shipments, causing the overall growth rate of the industry to decline. Judging from the annual output value, the overall output value of COB modules in 2025 will reach 3.8 billion yuan, a year-on-year increase of 11%. The industrial scale continues to expand. However, compared with 2024, the growth pace has slowed down, and the industry has officially entered a new stage of high-quality development of "scale expansion, price optimization, and structural upgrading."

Based on the industry base and current market structure in 2025, the "2026 COB/MIP Display Report (Special Issue)" also further deduce the evolution logic of the COB track pattern in the next five years.

This report shows that in the short term of 1-2 years, the inertia of the industry's shipment structure will continue, and P1.2 pitch COB will continue to dominate the market and be the core shipment support of the industry. In the medium and long term, as the process matures and costs continue to decline, the cost performance of P1.5 and above pitch COB will gradually surpass that of SMD products with the same pitch. With the dual advantages of performance and cost, the shipment growth rate will increase year by year, and gradually replace P1.2 to become the mainstream shipping category in the industry.

Overall, COB has ample room for long-term growth. It is expected that the overall monthly shipment volume of COB will climb to 220,000 to 240,000 square meters in 2030, and the market structure will be completely restructured: among them, products with P1.5 and above spacing will account for up to 60%, becoming the absolute main force, and P1.2 spacing will retain 25% of the market share. The industry will form a new competitive landscape with clear priorities and optimized structure.

MIP is in the early stages of growth with technology iteration and production capacity reserves, and 2028 will become a key turning point.

Compared with the COB track, which has entered a mature stage of scale, MIP is still in the early stages of technology iteration and production capacity deployment; in 2025, the overall production capacity of MIP will be around 2000KK/month (of which the actual production capacity of Micro MIP is about 500KK/month); although the overall market size is small, its explosive growth is outstanding, and it will be one of the core incremental tracks in the future LED display industry.

As MIP market conditions gradually mature in the future, MIP production capacity will be released in scale. In this report, experts say that Research clearly predicts that the MIP industry will usher in a clear staged growth curve: 2028 will be a key turning point for the MIP industry. At that time, the industry's production capacity will be released on a large scale, and the market size will achieve a leapfrog increase, reaching the level of 3 to 4 billion yuan; the follow-up industry will maintain a high-speed growth trend, steadily expand and upgrade, and it is expected that the overall MIP market size will be close to 7 billion yuan in 2030, completing a comprehensive transformation from a segmented technology track to an industry mainstream track.

It is estimated that in 2030, COB/MIP technology routes will account for nearly 50% of the industry’s market

Based on the perspective of the entire LED display industry, COB and MIP, two high-end packaging solutions, are continuing to replace the traditional SMD solution, reshaping the industry's overall output value structure and penetration level.

Looking to the future, COB and MIP will continue to outperform the overall growth rate of the industry and become the core engine driving industrial upgrading. Among them, COB will open a channel for sustained and rapid growth, with market penetration rising steadily; MIP will rely on the concentrated release of production capacity in 2028, ushering in a wave of large-scale volume, and its contribution to the output value of the entire industry will jump significantly.

Experts say that Research believes that by 2030, the industry structure will usher in fundamental changes; among them, the output value of COB solution display screens will reach 23 billion yuan, accounting for 36% of the industry's total output value; the output value of MIP solution display screens will reach 7 billion yuan, accounting for more than 10%. The two high-end technology routes together account for nearly half of the industry's market, becoming the core force that defines the future development direction of the LED display industry.

For more detailed information, please view the "2026 COB/MIP Display Report (Special Issue)". This report focuses on the core pain points and growth opportunities of the COB and MIP industries. It comprehensively dismantles the current status of the industry from multiple dimensions such as shipments, output value, pitch structure, technology iteration, application scenarios, and future trends, and predicts the development path from 2026 to 2030.

The report data comes from field surveys of the industry chain, interviews with core enterprises and cross-verification of authoritative data. Currently, the "2026 COB/MIP Display Report (Special Issue)" has been officially launched. Industry colleagues are welcome to consult Lingyu to explore the new future of the COB/MIP display industry.

Contents

Relevant definitions

Chapter 1 LED display COB/MIP industry summary

Chapter 2 COB market and technology progress

COB market progress analysis

COB industry core camp

COB technology progress analysis

2026 Q1 COB market and technology progress

Important technologies currently attracting attention in COB

Chapter 3 MIP market and technology progress

MIP market progress analysis

MIP technology progress analysis

2026 Q1 MIP market and technology progress

Important technologies currently attracting attention in MIP

Chapter 4 COB/MIP technology route relationship and trend analysis

COB and MIP application scenario distribution comparison and application extension direction

COB/MIP/SMD competition trend

Marginal effect of Mini LED chip miniaturization trend

Analysis of future development possibilities of COB and MIP

Chapter 5 Analysis of product specifications and application scenarios

Analysis of COB product specifications

Development process of COB point pitch

Analysis of COB application scenarios

Prospects and opportunities for the combination of COB and all-in-one machines

Analysis of Mini-level MIP product specifications

Analysis of Micro-level MIP product specifications

Analysis of MIP point pitch development

Analysis of MIP application scenarios

Analysis of the application value of COB and MIP

Chapter 6 Production Capacity Structure and Trend Analysis

Analysis of COB Production Capacity Expansion Progress

Analysis of COB production capacity proportion

Analysis of COB production capacity planning

MIP production capacity trend forecast

Chapter 7 Market demand and trend analysis

Comparative analysis of LED display industry supply and demand

Analysis of COB shipments in 2025

Forecast of COB shipments in 2030

Comparison of COB production capacity and demand

Analysis of COB production capacity utilization

Demand for COB and MIP in different segments of the LED display industry

Chapter 8 Price and cost analysis

COB/MIP/SMD unit pixel price trend

COB price and cost analysis

MIP price and cost analysis

Chapter 9 COB/MIP output value and trend analysis

COB output value change trend

Different spacing COB output value analysis

COB output value development trend outlook

MIP output value development trend outlook

Looking at the changing trend of COB/MIP output value from the perspective of the display industry

Chapter 10 Analysis of key enterprises

Analysis of panelization trends in the midstream links of the industry chain

Zhaochi Co., Ltd.

Zhongqi Optoelectronics

Ledman Optoelectronics

Cedar Electronics

Hi-Tech Vision

Hongli Display

BOE Crystal Chip

China Star Optoelectronics

Huike Co., Ltd.

Yubang Electronics

Amaipu

BOE Huacan Optoelectronics

Nationstar Optoelectronics

Kinglight Crystal Platform

Unilumin Technology

Leyard

Yuanxu Semiconductor

Nova Nebula

Chapter 11 Core equipment and materials of the production line

Main process links of COB technology

Main process links of MIP technology