BOSTON, April 21, 2016 /PRNewswire/ --
IDTechEx, the leading provider of independent market research, business intelligence and events on emerging technology announces the availability of a new research report on OLED Lighting, OLED Lighting Opportunities 2016-2026: Forecasts, Technologies, Players.
OLED lighting is an emerging solid-state lighting technology. However, the lighting market is a complex, highly fragmented space due to the existence of a broad technology mix and a diversity of customer needs. Market segments include residential, office, industrial, outdoor, hospitality, shop and automotive. Each sector attaches a different degree of importance to upfront cost, energy efficiency, lifetime, light intensity, colour warmth and design features.
The challenge facing OLEDs is identifying paths for differentiation. This differentiation challenge is a critical strategy question as many companies already have a successful and growing business in the LED sector. Investment in OLED can provide a hedged bet and also a means of standing out in an increasingly commoditised LED market.
In this report, IDTechEx assesses the market potential for OLED lighting across all major lighting sectors. We forecast that the market will grow to 2.2 billion USD in 2026 (optimistic scenario). However, the market growth will be very slow until 2019/2020, where the overall sales at the panel level will remain below 200 million USD globally. This report covers both LED and OLED lighting technologies, and assesses the fabrication processes, material compositions, technology roadmaps, and key players. We appraise the device attributes of each technology and examine parameters such as colour warmth and controllability, flexibility, efficiency, surface emission, lifetime, wafer size and luminaire design.
We provide a ten-year market forecast segmented by lighting sector at the panel level. Our market forecasts are expressed in value, area coverage and also equivalent unit numbers. We also provide cost projections in $ per sqm and $ per klm split by the layer (OLED materials, encapsulations, integrated substrates, etc.). Additionally, we provide critical assessments of the value proposition of OLED technology in each lighting sector and use our analysis to build up our market share forecasts in each segment.
SOURCE IDTechEx Research