Jul 15 2015
Technavio has published a new report on the global OLED lighting panel market, which is expected to grow at a CAGR of more than 70% from 2015-2019.
OLED lighting panel market segmentation by application and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including architecture, commercial, hospitality, industrial, residential, and outdoor.
Additionally, analysts have segmented market projections by key geography, focusing on Europe, Germany, South Korea, Japan, Taiwan and the United States.
“Companies are expected to select specific material suppliers to provide specific inputs. This integration will enable OLED lighting panel manufacturers to develop panels with less uncertainty of the available materials,” says Faisal Ghaus, Vice President of Technavio.
“Supply chain integration will ensure the availability of the product on time when the demand rises. This will enable the players to deliver the desired quantity and set the correct price in the market.”
OLED lighting panel: Market scope and calculation of market size
This report covers the present scenario and the growth prospects for global OLED lighting panel market from 2015-2019. To calculate the market size, the report considers revenue generated from general lighting applications for OLED such as:
- Architectural
- Commercial
- Hospitality
- Industrial
- Outdoor
- Residential
Industry analysis includes:
- Key Vendors:
- Konica Minolta Inc.
- LG Chem Ltd.
- Philips Electronics Ltd.
- Universal Display Corp.
- Market Growth Drivers:
- Design Flexibility
- Inherent Advantages of OLED
- Market Challenges:
- Cost-effective Production
- Long Lifespan
- Market Trends:
- Supply Chain Integration
- Rapid Commercialization
Source: http://www.technavio.com/