Research and Markets has added a new report on OLED displays and lighting market to its portfolio.
The “OLED Displays and Lighting Market to 2020 - Technological Innovations Lead to Cost Efficient Products and New Aesthetics” has been released by a provider of business intelligence, GBI Research. The report states that the worldwide market for OLED lighting in 2010 was valued at $12.7 million, and as it had a huge revenue potential it has been projected to grow at 92% CAGR to reach $8.3 billion by the year 2020.
The report covers the USA, Canada, Asia-Pacific and European regions. It forecasts the market revenues for the OLED displays and lighting market from the year 2005 to 2020. The OLED report provides a split-up of market revenues for displays based on the type of technology and application. Technology-wise, the report analyzes active matrix organic light emitting diode (AMOLED) displays and passive matrix organic light emitting diode (PMOLED) displays and based on applications, it deals with IT monitors, televisions and cell phones.
OLED lighting can be used for general illumination, architecture lighting, specialty lighting, signage and back lighting. OLED technology is expected to compete with LED technology. OLED lighting is also expected to serve as a replacement technology for fluorescent lamps. The report forecasts OLED specialty lighting to be the major contributor of total OLED lighting market revenues of nearly 38%.
The OLED report covers companies including Koninklijke Philips Electronics, GE Lighting, OSRAM and Lumiotec.