The global market for organic light-emitting diodes was worth $4.5 billion in 2008, decreased to $3.9 billion in 2009, and is expected to increase to nearly $8.1 billion in 2014. The compound annual growth rate (CAGR) for the 5-year period would be 15.3%.
OLED displays dominate the market, generating $3.5 billion in sales in 2008 but decreasing to $2.9 billion in 2009. Sales are expected to increase in the next 5 years to reach nearly $5.9 billion in 2014, for a CAGR of 14.9%.
The OLED lights market amounted to more than $1 billion in 2008, and is projected to decrease slightly in 2009, but rebound to $2.2 billion in 2014, for a 5-year CAGR of 16.5%.