Latest report: OLED lighting market to take off in 2014

The prospects for the organic light-emitting diode (OLED) lighting market are promising. Yole Developpement's latest report pointed out that with the improvement of performance, OLED has begun to enter the professional and high-end niche-type lighting market. It is estimated that in 2012, OLED lighting panel sales will be approximately 2.8 million US dollars. By 2014, OLED will begin to infiltrate the traditional lighting market, driving the sales of OLED lighting panels along the way and reaching 1.7 billion US dollars by 2020.

Yole Développement pointed out that in the past 10 years, white light-emitting diodes (LEDs) have become popular in the Solid State Lighting market, coupled with the high cost of OLED technology and poor performance, making the mass market deterrent and unable to accelerate adoption. At present, OLED panel sales still mainly come from small-size display applications; however, after OLED panels accumulate sufficient development energy in the lighting niche market, the manufacturing cost is expected to further decrease, and it will help them attack the traditional lighting market.