Global OLED Lighting Panel Market 2015-2019
About OLED Lighting Panel
OLEDs are diodes that use organic materials to produce light. These organic materials are packed between conductors that are lit up when electricity is passed through them. OLED lighting panels are used to create digital displays in electronic appliances such as TVs, computer monitors, cellphones, and gaming consoles. OLEDs are lighter and thinner than LEDs. Also, OLEDs achieve high contrast ratio compared to LEDs in a low ambient light conditions such as a dark room. Philips, UDC, LG Chem, and Konica Minolta are the major players launching OLED lighting products. Since the production lines are still small for OLED lighting panels, the cost is high.
Technavio's analysts forecast the global OLED lighting panel market to grow at a CAGR of 70.29% during the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global OLED lighting panel market for the period 2015-2019. To calculate the market size, the report considers revenue generated through the installation of OLED for the following general lighting applications:
Technavio Announces the Publication of its Research Report – Global OLED Lighting Panel Market 2015-2019
Technavio recognizes the following companies as the key players in the Global OLED Lighting Panel Market: Konica Minolta, LG Chem, Philips Electronics and Universal Display
Other Prominent Vendors in the market are: Ason Technology, First-o-lite, GE, Lumiotec, NEC Lighting, OSRAM Light, Panasonic, Showa Denko and Toshiba
Commenting on the report, an analyst from Technavio’s team said: “Companies are expected to select specific materials suppliers to provide specific inputs. This integration will enable the OLED lighting panel manufacturer to develop the panel with no or less uncertainty of the available materials. As the technology is still in its developing stage, very limited players are able to develop the technology. With highly efficient attributes, the technology is expected to reach the track soon. Thus, integration will ensure the availability of the product on time when the demand rises. This will also enable the players to deliver the desired quantity and set the correct price in the market.”
According to the report, OLED lighting panels have reshaped the lighting panel market. Products fitted with OLED technology have superior attributes such as design flexibility, low power consumption, enhanced light source, and thinner size. Design flexibility is one of the major driving attributes in the growing OLED lighting panel market. The flexible ultra-thin OLEDs enable manufacturers to integrate the lighting elements into the desired architecture. This has led to the creation of freefoam luminous objects that are easily installed in windows, wall partitions, staircases, and premium furniture. The demand for flexible OLEDs is expected to grow in the near future, resulting in an increase in the sales of panels. Moreover, customers are also becoming attracted toward flexible OLEDs, which is increasing the demand.Further, the report states that one of the key challenges is the cost-effective production associated with the development of OLED lighting panels.
Konica Minolta, LG Chem, Philips Electronics, Universal Display, Ason Technology, First-o-lite, GE, Lumiotec, NEC Lighting, OSRAM Light, Panasonic, Showa Denko, Toshiba
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