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New Research Report Analyzes Prospects of LED and OLED Lighting Markets

Reviewed

May 28 2013

The lighting industry is large, though highly fragmented mainly due to the diversity of customer needs and technology differentiation. Being both solid-state technologies that offer overlapping value propositions per market segment, organic light emitting diode (OLED) and light-emitting diode (LED) lighting are set to compete directly in many respects.

LED lighting has come a long way and offers a better performance than OLEDs, and that at a lower cost. OLED lighting will therefore only gain market success if it clearly defines its unique selling points and carves out initial market niches. By end-2023, the market is forecast to reach 1.3bn USD, initially growing at an average rate of 45% per annum.

In-demand report “OLED vs LED Lighting 2013-2023” developed by IDTechEx gives an up-close look at both LED and OLED lighting, inspecting fabrication processes, material compositions, technology roadmaps, as well as leading players. The study provides a critical assessment of the device attributes of each technology by reviewing various parameters like colour warmth and controllability, flexibility, efficiency, surface emission, lifetime, wafer size, and luminaire design.

The study then moves on to an in-depth market assessment. It develops detailed cost projection roadmaps, factoring in estimated cost evolution of the integrated substrates, encapsulation layers and materials, as well as production costs including capital and labour. Changes in system configuration and material composition required to enable the cost roadmaps ere outlined as well. The research discusses the value proposition of OLEDs for all market segments by examining the parameters – light quality, form factor, technology mix diversity, price sensitivity, light controllability, lifetime and light intensity; and compares the performance of OLED and LED devices using these parameters. Furthermore, extensive forecasts of the market’s monetary value at module level per market segment, and company profiles are included too.