MANHASSET, N.Y. Active-matrix organic light-emitting diodes (AM OLEDs) have emerged as a diamond in the rough for the embatted display and electronics industries.
Market watcher DisplaySearch reported a 110 percent revenue increase for OLEDs in 2008, with revenues projected to exceed $6 billion in 2015, up from $591 million in 2008.
Still, OLEDs accounted for less than 1 percent of total flat-panel display revenue in 2008. DisplaySearch is forecasting that they will account for 5 percent of display revenues by 2015. That works out to 40 percent compound annual growth rate in revenues, compared to the 3 percent growth rate predicted for the total flat panel display market.
"It will be important for OLEDs to find a niche market where it will be difficult for LCDs to compete, such as flexible or transparent displays or lighting," said Jennifer Colegrove, DisplaySearch's director of display technologies. "OLED developers should also look for opportunities to combine their technology with other hot technologies such as touch screens," she added.
During a recent webinar, DisplaySearch said AM OLED revenues are forecast to surpass more commonly used passive-matrix OLEDs by the second half of 2009. PM OLED revenues peaked at $450 million in 2006 and fell to an estimated $370 million in 2008.
DisplaySearch said lighting applications for OLEDs, which offer energy efficiency along with weight and size reductions, still have many hurdles to overcome. These include high manufacturing costs, the ability to mass produce the displays and maintaining energy efficiency and uniformity as their size increases.
OLED advantages will be discussed at DisplaySearch's annual U.S.Flat Panel Display conference next week (March 2-4) during an "emerging technologies" session. Colegrove will survey the industry's progress along with presentations by executives from Tyco Electronics/Elo TouchSystems, Synaptics, Universal Display Corp., DuPont Displays and the Eastman Kodak Co.
"We are also expanding our participation at Display Week 2009," said Paul Semenza, DisplaySearch's senior vice president. The researcher is also organizing a kick-off business conference in conjunction with the Society for Information Display exhibition (May 31-June 5) in San Antonio, Texas.