OLED lighting market to reach USD 1.4 billion

  Markets & trends

The most recent report from NanoMarkets regards the OLED lighting market, noting that while the sector has foundered for the past few years it now appears to be worthy of some renewed optimism based on both on both improvements in OLED lighting panel performance and recent expansion of manufacturing facilities.

Oledlighting
The efficacy and luminance of OLED lighting panels make them a practical form of lighting for offices and homes
Industry analyst firm NanoMarkets has just published its latest forecasts of the OLED lighting market predicting a USD 1.4 billion market opportunity in 2019. The report notes that while the sector has foundered for the past few years it now appears to be worthy of some renewed optimism based on both on both improvements in OLED lighting panel performance and recent expansion of manufacturing facilities.
OLEDs are no longer just for luxury lighting. The efficacy and luminance of OLED lighting panels are reaching levels where OLED lighting firms can claim that their products are truly energy efficient and have the brightness that make them a practical form of lighting for offices and homes. For example, LG Chem says that next year it will have 135 lm/W panels with 5,000 cd/m2 luminance.
Until recently, most of the output of the OLED lighting business was development kits for designers. However, in the next few years, revenues from kits will be rapidly overtaken by revenues from OLED luminaires, with revenues from OLED luminaires for homes reaching almost USD 400 million in sales by 2019 and revenues from OLED office luminaires reaching almost USD 380 million in the same year.
OLED capacity continues to grow. In the past three years, Osram and Philips have invested USD 25 million and USD 57 million respectively in setting up OLED production lines. Meanwhile, Konica Minolta is currently constructing an OLED mass production facility at an approximate investment of around USD 100...


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