Organic Light Emitting Diodes (OLEDs): Technologies and Global Markets
Total organic light-emitting diode market shipments reached $3 billion approximately in 2010 and will increase to more than $3 billion by 2011. And this market is estimated to reach to $5.2 billion at a compound annual growth rate (CAGR) of 11.6%.
The scope of this study encompasses OLED electronic displays and lighting devices. BCC takes an analytical look at the OLED industry structure for displays and lighting, identifies the major players, and analyzes the competitiveness of both industries. For each technology, we determine its current status, examine the impact of economic and technological conditions, estimate the impact of future markets, and present forecasts for growth from 2010 to 2011 and then over the 5 year period from 2011 to 2016. Technological issues, including the latest trends and activities, are also discussed. Other essential factors such as the global economic environments are also discussed.
BCC Research analyzes the OLED industry on a worldwide basis, both from a manufacturing and consumption point of view. We examine government and industry support for research and development in the major regions of the world. We also analyze market share for unit shipments and their value for each type of display and lighting product.
Bob Moran has worked as a technology market analyst and technology writer for more than 20 years, and is the author of numerous BCC Research reports. He has authored reports covering thin film deposition, photovoltaic solar technology, electronic gaming, magnetic and optical storage, surface modification of polymers and other technology topics. He has also served as the editor of BCC Research publications including Display Industry News and Micro and Nanotechnology.
- The global market for organic light-emitting diodes was worth $4.5 billion in 2008, decreased to $3.9 billion in 2009, and is expected to increase to nearly $8.1 billion in 2014. The compound annual growth rate (CAGR) for the 5-year period would be 15.3%.
- OLED displays dominate the market, generating $3.5 billion in sales in 2008 but decreasing to $2.9 billion in 2009. Sales are expected to increase in the next 5 years to reach nearly $5.9 billion in 2014, for a CAGR of 14.9%.
- The OLED lights market amounted to more than $1 billion in 2008, and is projected to decrease slightly in 2009, but rebound to $2.2 billion in 2014, for a 5-year CAGR of 16.5%.