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Will OLED lighting market take off this year?

Will OLED lighting market take off this year?

July 21, 2015: According to UBI Research, the OLED lighting market will touch $82 million in 2015. It further says that beyond 2015, the market will grow faster and touch $4.7 billion by 2020.

UBI Research report says that drop in prices and expansion in capacities will be the major driving factors for the growth of OLED lighting market. This indicated that large OLED lighting panel shipments will start in 2016.

In 2014, IHS, however, had estimated the OLED lighting market (panel level) to be $2.7 million. According to HIS, OLED panel market will grow ten-fold by 2020 and reach $26 million. IHS also believes that OLED panel prices will drop by 40% in the next several years. However, it will still take longer for OLED to compete with LED lighting, which is picking up much faster. As a result, IHS does not see OLED lighting to emerge as a mass market in the near future.

IDTechEx, on the other hand expects $200 million panel market in 2019, which will touch $1.9 billion in 2025.

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