A leading market & technology forecast
consultancy, today announced their market forecast of the worldwide consumption
of organic light emitting diodes (OLEDs) in lighting applications.
Publisher projects that the worldwide consumption
value of selected lighting OLEDs will reach $144 million in 2015; consumption
value is forecast to increase at an average annual growth rate of 74.8 percent
to nearly $2.36 billion in 2020. The
total value of OLED lighting is forecast an increase to $6.7 billion in the
year 2023, before slipping to $5.544 billion in 2025.
Quantity/unit volume is forecast to continue to climb
through 2025; however, sharp decreases in average selling prices will
eventually cause the overall market value to decrease.
The definition for lighting in this study includes
general lighting, which is used to provide the main illumination of an
area. The lighting category also
includes specialized lighting, such as directional, supplementary, and
architectural lighting, as well as OLED panels/tiles used in vehicles for the
main purpose of lighting. However, OLEDs
used in signage, TVs, displays, and signals are not included in the market
forecast data for this study.
The OLED lighting market will grow beyond the
‘light-bulb’ mentality to a broad base of applications, which currently may not
even be in the idea-stage. Applications that have been mentioned by industry
participants include OLEDs incorporated into windows/ skylights, wall and
ceiling panels, mirrors with light function, flooring/stairs, and other (almost
endless possibilities) said Stephen Montgomery, Principal Analyst at
Publisher.
OLED lighting is environmentally friendly,
mercury-free, and ideal as next-generation lighting. Because of their extreme
thinness, lightness, low electric power consumption, and use as a surface light
source, OLEDs enjoy a wide range of potential applications,” Montgomery added.
For more information visit: http://mrr.cm/oow
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