New NanoMarkets Report States That OLED Lighting Markets to Reach ...

Tag : Lighting

GLEN ALLEN, Va. , Sept. 25 /PRNewswire/ -- According to a new report from NanoMarkets LC, anindustry analyst firm based here, the OLED lighting market willreach almost US $4.5 billion ($US) by 2013 and grow to $5.9 billion by 2015. The firm claims that in the past year the prospects forOLED lighting have made great leaps forward due to improvements inOLED performance and manufacturing. Additional details about thereport can be found on the firm's website at www.nanomarkets.net . A companion report addressing OLED materials will be released inearly October.
Key findings:
-- The unit costs of OLED lights are likely to remain higher thanolder general lighting technologies but the extra costs will beoffset by improved OLED lifetimes and efficiencies. During 2008,OLED lifetimes improved from 24 Khrs to 100 Khrs. Meanwhile, theU.S. Department of Energy now expects OLED lighting to reach 150lm/W efficiency in 2012 rather than 2014 as previously forecast.NanoMarkets believes that these and other improvements in OLEDswill drive the general illumination market to $2.3 billion in revenues by 2015.
-- Manufacturing processes for OLEDs have also progressedsignificantly. GE and the Fraunhofer Institute have bothdemonstrated roll-to-roll manufacturing of OLED lighting which willultimately lead to significant cost improvements in OLEDfabrication. Low cost printing approaches and new small moleculeinks will also help propel OLEDs into the backlighting market.NanoMarkets expects that the OLED backlighting market will reach $1.1 billion by 2015. And while the first OLED lighting panels are quite small,the recent scaling up of factories in Asia to build large OLED displays will certainly benefit themanufacturing infrastructure for OLED lighting and lead to largerpanels within a few years.
-- The flat and flexible format presented by OLEDs creates anopportunity to design high-value added lighting fixtures with anappeal to upscale consumers and especially architects. During 2008,lighting designer Ingo Maurer introduced the world's first OLED "function table light"and researchers at GE are targeting lighted curtains and lightedwallpaper. By 2015, NanoMarkets projects that sales of OLEDarchitectural and specialist industrial lighting will reach $1.9 billion .
About the report:
The new NanoMarkets report, "OLED Lighting Markets 2008"provides a complete analysis of the commercial opportunities forOLED lighting used for backlighting, general illumination,specialty/architectural lighting, vehicular lighting, signage andniche applications. It also includes detailed eight-year (volumeand value) forecasts of these markets for as well as strategicprofiles of all the leading firms developing and marketing thisemerging technology, as well as the activities of government fundedprojects in the U.S. and Europe .
About NanoMarkets:
NanoMarkets tracks and analyzes emerging market opportunities inelectronics created by developments in advanced materials. The firmhas published numerous reports related to organic, thin film andprintable electronics materials and applications. The firm alsopublishes a blog found at www.nanotopblog.com .
SOURCE NanoMarkets LC
For further information: Robert Nolan of NanoMarkets,+1-804-360-2967, info@nanomarkets.net
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