OLED lighting market to reach $4.8 billion by 2016

Glen Allen, VA--The global organic light-emitting diode (OLED) lighting market will reach $4.8 billion dollars in 2016 according to industry analyst firm NanoMarkets. The firm goes on to state that it expects to see a mass market for OLED lighting products by the beginning of 2014 and that the automotive industry will become a demand factor within the coming years. Further details of the report can be found at www.nanomarkets.net.

Key points from the report include: 1) The OLED lighting industry has developed rapidly over the past year, with nine companies now shipping OLED panels for lighting applications; 2) OLED lighting panels are today used only in luxury fixtures, but NanoMarkets expects "mass market" OLED lighting on the market in the 2013-2014 period; 3) the unique features of OLEDs such asflexibility and color tunability make OLED lighting technology highly suited to architectural applications; 4) NanoMarkets sees architectural applications of OLED lighting generating more than $950 million by 2016; and 5) within two to three years, the large OLED panel makers will start to see design wins worth millions of dollars from the automotive industry and NanoMarkets expects this segment will generate $805 million in OLED lighting revenues by 2016.

This new report provides NanoMarkets' latest forecasts of OLED shipments and revenues in a number of sectors including general illumination, architectural lighting, signage, vehicular lighting, personal illumination products, and backlighting. The forecasts are based on NanoMarkets’ analysis of all the major players in the OLED lighting space and their plans for shipping products. The report also discusses what economic and technical challenges will need to be overcome in order to reach acceptable revenue levels as well as examines the alternative scenarios and the impact of panel size, efficiency, luminance, and lifetimes.

SOURCE: NanoMarkets; http://nanomarkets.net/news/article/nanomarkets_announces_release_of_latest_global_oled_lighting_market_forecasts_sees_4.8_billion_market_in_2016/