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Upper Lake, CA, United States, 2012/06/25 - According to ElectroniCast, the consumption value of OLEDs in General Purpose Lighting is forecast to reach $1.19 billion in the year 2016 and an impressive $4.1 billion in 2021 - ElectroniCastConsultants.com.
ElectroniCast Consultants, a leading market & technology forecast consultancy, today announced their market forecast of the worldwide consumption of organic light emitting diodes (OLEDs) in General Lighting applications.
Impressive $1 Billion (+) Market for 2016 and Beyond ElectroniCast estimates in 2012, the worldwide consumption value of General Lighting OLEDs will reached (only) $34.8 million; consumption value is forecast to increase at an average annual growth rate of 104 percent to $1.19 billion in 2016. From 2016-2021, the total consumption value of General Lighting OLEDs is forecast an increase 28 percent per year, reaching nearly $4.1 billion in the year 2021.
The vast majority of the consumption of OLEDs in 2011 were R&D, product prototype and product samples (kits), based on a relatively high average price. The average selling prices (ASPs) are forecast to decrease substantially as the devices become more readily available to the open market in a competitive environment. Since the ASPs are forecast for such a steep decline, some of the overall consumption values for 2012 are forecast to be nearly flat compared to 2011. Generally, the consumption value is forecast to increase with strongly rising quantity growth partially offset by declining average prices.
ElectroniCast (electronicastconsultants.com) assumes that the OLED panel general-lighting market will grow beyond the “light-bulb” mentality to a broad base of applications, which currently may not even be in the idea-stage. Applications that have been mentioned by industry participants include (but not limited to) OLED incorporated into the following applications; however, to fall under ElectroniCast’s General Lighting definition, the illumination of an area must be the primary purpose of the OLED panel:
• Wall panels or “wall peels” or wallpaper;
• Mirrors with light function (the mirror itself is an OLED);
• Flooring/Steps-stairs (embedded OLEDs);
• Furniture (embedded OLEDs);
• Other (?) – almost endless possibilities.