Posted in | News | LEDs | Lighting | Display

OLED Lighting Market to Reach $6 Billion by 2018

The OLED lighting market is setting the stage to take off in 2011, with OLED lighting revenues forecasted to surpass PMOLED displays in the 2013/2014 timeframe, reaching $6 billion by 2018, according to DisplaySearch's newly-released report, OLED Lighting in 2009 and Beyond: The Bright Future.

“The unique features of OLED lighting are inspiring the imagination of designers. OLED lighting devices emit from the surface, can be made flexible/rollable, and even transparent like a window or reflective like a mirror. OLED lighting is thin, rugged, lightweight, and has fast switch-on times, wide operating temperatures, no noise and is environmentally friendly. The power efficiency of OLED lighting has also improved dramatically in recent years,” said Jennifer Colegrove, PhD, Director of Display Technologies at DisplaySearch.

“Hundreds of millions of dollars have been invested in OLED lighting, especially in Europe, the US, and Japan. Although OLED displays have been in mass production for about a decade, OLED lighting just started sampling and small volume production. This is due to the fact that OLED displays and OLED lighting face different challenges,” added Dr. Colegrove.

Market size, in both area (m2) and revenue ($) are forecast through 2018, with breakdowns for six applications, including automotive, display backlights, decorative/general lighting, healthcare/industrial, and signage/advertisement. Market forecasts are also given by substrate type, detailed by flexible versus rigid. Looking into the future, the OLED lighting industry will pick up in 2011, with Philips, GE, Konica Minolta, Lumiotec and OSRAM entering mass production.

DisplaySearch’s OLED Lighting report analyzes trends in the lighting industry and compares OLED lighting with five other lighting technologies: incandescent, fluorescent, high intensity discharge, LED and electroluminescent (EL). The report covers the OLED lighting supply chain, including more than 130 companies and universities, and analyzes several organizations related to OLED lighting in Europe, the US, Japan, Korea, Taiwan and China. The report also forecasts the efficiency, lifetime, and average selling price of OLED lighting devices. The OLED lighting and OLED display markets are compared and market forecasts are analyzed.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type