Global OLED Lighting Panel Market to grow at a CAGR of 70.29% during the period 2014-2019; Finds New Report

Report forecast the global OLED lighting panel market to grow at a CAGR of 70.29% during the period 2014-2019.

OLEDs are diodes that use organic materials to produce light. These organic materials are packed between conductors that are lit up when electricity is passed through them. OLED lighting panels are used to create digital displays in electronic appliances such as TVs, computer monitors, cellphones, and gaming consoles.

OLEDs are lighter and thinner than LEDs. Also, OLEDs achieve high contrast ratio compared to LEDs in a low ambient light conditions such as a dark room. Philips, UDC, LG Chem, and Konica Minolta are the major players launching OLED lighting products. Since the production lines are still small for OLED lighting panels, the cost is high.

This report covers the present scenario and the growth prospects of the global OLED lighting panel market for the period 2015-2019. To calculate the market size, the report considers revenue generated through the installation of OLED for the following general lighting applications:

• Architectural
• Commercial
• Hospitality
• Industrial
• Outdoor
• Residential

The report does not include the following while calculating the market revenue:

• OLED lighting panel control system
• Cost of fittings and other components used in OLED lighting panels
• Sales value of OLED panels to individual customers
• Aftermarket sales of OLED lighting panels
• Shipment of OLED display panels

According to the report, OLED lighting panels have reshaped the lighting panel market. Products fitted with OLED technology have superior attributes such as design flexibility, low power consumption, enhanced light source, and thinner size. Design flexibility is one of the major driving attributes in the growing OLED lighting panel market. The flexible ultra-thin OLEDs enable manufacturers to integrate the lighting elements into the desired architecture. This has led to the creation of freefoam luminous objects that are easily installed in windows, wall partitions, staircases, and premium furniture. The demand for flexible OLEDs is expected to grow in the near future, resulting in an increase in the sales of panels. Moreover, customers are also becoming attracted toward flexible OLEDs, which is increasing the demand.

Further, the report states that one of the key challenges is the cost-effective production associated with the development of OLED lighting panels.

Global OLED Lighting Panel Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global OLED lighting panel market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

key players in the Global OLED Lighting Panel Market: Konica Minolta, LG Chem, Philips Electronics and Universal Display

Other Prominent Vendors in the market are: Ason Technology, First-o-lite, GE, Lumiotec, NEC Lighting, OSRAM Light, Panasonic, Showa Denko and Toshiba

Key Market Driver

• Design Flexibility
• For a full, detailed list, view our report

Key Market Challenge

• Cost-effective Production
• For a full, detailed list, view our report

Key Market Trend

• Supply Chain Integration
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 74 pages and 25 Exhibits “Global OLED Lighting Panel Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Industry Supply Chain, Structure and Materials: OLED Technology, Technology Landscape, Market Landscape, Market Segmentation by Application, Geographical Presence of Vendors, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis, Roadmap for OLED, Market Summary.

For further information on this report, please visit- http://mrr.cm/4zK

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