GLEN ALLEN, Va., May 9, 2011 /PRNewswire/ -- Industry analyst firm NanoMarkets has just released its latest forecasts of the global OLED lighting market and sees a $4.8 billion (USD) market developing in 2016. The firm goes on to state that it expects to see a mass market OLED lighting products by the beginning of 2014 and that the automotive industry becoming a demand factor within the coming years. Further details of the report can be found at www.nanomarkets.net.
The firm has recently issued a report on the market potential for OLED lighting in Asia and will have a similar report for the European market available before the end of the month.
Key points from the report:
The OLED lighting industry has developed rapidly over the past year, with nine companies now shipping OLED panels for lighting applications.
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 and revenues generated by OLED-based general illumination products are expected to reach $2.7 billion in 2016.
The unique features of OLEDs, such as flexibility and color tunability, makes OLED lighting technology highly suited to architectural applications. NanoMarkets sees architectural applications of OLED lighting generating more than $950 million by 2016.
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.
About the report:
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.
NanoMarkets has been providing forecasts of the OLED lighting market for more than five years. Other reports in the NanoMarkets' OLED lighting series include reports covering Asian and European markets for OLED lighting, as well as specialized analysis of business opportunities in OLED lighting materials and OLED manufacturing. NanoMarkets tracks and analyzes emerging market opportunities in energy and electronics markets created by developments in advanced materials. The firm has published numerous reports related to electronics and display materials.
Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.