LONDON The market for Organic Light Emitting Diode (OLED) lighting and displays will grow from $615 million in 2008 to more than $6,700 million in 2014 according to market research company IntertechPira (Leatherhead, England). This represents a compound annual growth rate of 44 percent over five years.
From 2009 to 2014, IntertechPira expects OLED display revenue to grow with a CAGR of 35 percent to about $4.7 billion. This will be led by active-matrix OLED display revenue for small portable products early in the period with additional revenue from active-matrix OLED televisions later in the forecast period. Revenue from OLED lighting is predicted to increase from a small base in 2010 and grow with a CAGR of 112 percent to reach $1,985 million in 2014.
Over the period 2009 to 2014, IntertechPira predicts an evolution of the OLED supply chain stemming from partnering, strategic investments, joint ventures and acquisitions. Because of the synergy in OLED materials and technology development, IntertechPira forecasts that some OLED display manufacturers may extend their product development to include OLED lighting.
OLED displays have been shipping since the late 1990s. During this period the OLED display market has been served principally by Asia-based manufacturers in Japan, Taiwan and South Korea. IntertechPira said this would continue through to 2014 with China taking on an increasing role. In contract, European firms have focused on lighting applications for OLEDs.
Revenue from passive-matrix OLED displays is expected to fall from 2009 to 2014 while active-matrix OLED display revenue grows with a CAGR of 42 percent, IntertechPira said. Market growth for automotive OLED lighting is expected to occur later in the forecast period but from 2011 to 2014 will show a CAGR of more than 100 percent.
The OLED technology is very adaptable and can be printed and so IntertechPira is predicting numerous emerging applications of the technology including: illuminated wall coverings, illuminated controls and displays, medical applications such as OLED plasters to treat skin related diseases, product packaging, signage, point-of-purchase displays, illuminated safety signs, clothing and greeting cards.
IntertechPira is a subsidiary of BASF (Ludwigshafen, Germany).
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