Report Description
This report provides a market forecast of the worldwide consumption of Organic Light Emitting Diodes (OLEDs) used in lighting applications. The OLEDs defined in this report are often referred to as OLED devices, OLED light sources, OLED panels or sub-panels, and OLED tiles.
Historical estimated data are presented for 2017, plus the year-by-year forecast through 2027.
OLED Description An organic light-emitting diode (OLED) is a light-emitting diode (LED) in which the emissive electroluminescent layer is a film of organic compounds, which emit light in response to an electric current. This layer of organic semiconductor material is situated between two electrodes. Generally, at least one of these electrodes is transparent.
Lighting Applications The definition for lighting in this study includes general lighting, which is used to provide the main illumination of an area. The lighting category also includes specialized lighting, such as directional, supplementary, and architectural lighting, as well as OLED panels/tiles used in vehicles for the main purpose of lighting.
However, OLEDs used in signage, TVs, displays, and signals are not included in the market forecast data for this study.
OLED Level Quantified in the Study Below in particular, are three levels (or “food chain”) pertaining to the OLED marketplace. For the purposes of this study, we quantify and provide a market forecast for “Level 2”
Level 1 - Organic Materials, anode and cathode
Level 2 - OLED Lighting panel or tile with initial integrated frames (Without electronics and driver)
Level 3 - OLED Module, one or more panels (tiles) with control circuits, other value added components
OLED devices will actually use a value-added OLED product, complete with the electronics (plugs and wires), driver integrated circuits, and possible structural packaging (cap, metallic/plastic panel frames). Also, even further, these packaged/equipped panels/tiles (also known as OLED modules) will typically be available as part of other value-added product, such as lamp-holders/fixtures. Therefore, it is important to note that this market forecast data only quantifies the OLED device (sometimes referred to as a tile, light source, panel or sub-panel) and not the complete module, lamp/fixtures or other value-added product(s).
This report provides the market data by the following regional segments:
This report provides the forecast by the following functions:
Value Market Forecast The worldwide consumption value of selected lighting OLEDs reached $187.6 million last year; consumption value is forecast to increase at an average annual growth rate of 49.7 percent to $1.4 billion in 2022 (1). The total consumption value is forecast an increase to nearly $8.14 billion in 2027. Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
In the early years of the forecast period, a large percentage of the use of OLEDs in lighting is associated with Research and Development (R&D). R&D costs are non-capitalized labor, which is used for research, design engineering, manufacturing development, and start-up, costs of new production lines. It does not include capital equipment and associated setup costs, marketing support, or normal production support; however it does include expense incurred while prototyping and developing a new process or production line.
This report provides a market forecast of the worldwide consumption of Organic Light Emitting Diodes (OLEDs) used in lighting applications. The OLEDs defined in this report are often referred to as OLED devices, OLED light sources, OLED panels or sub-panels, and OLED tiles.
Historical estimated data are presented for 2017, plus the year-by-year forecast through 2027.
OLED Description An organic light-emitting diode (OLED) is a light-emitting diode (LED) in which the emissive electroluminescent layer is a film of organic compounds, which emit light in response to an electric current. This layer of organic semiconductor material is situated between two electrodes. Generally, at least one of these electrodes is transparent.
Lighting Applications The definition for lighting in this study includes general lighting, which is used to provide the main illumination of an area. The lighting category also includes specialized lighting, such as directional, supplementary, and architectural lighting, as well as OLED panels/tiles used in vehicles for the main purpose of lighting.
However, OLEDs used in signage, TVs, displays, and signals are not included in the market forecast data for this study.
OLED Level Quantified in the Study Below in particular, are three levels (or “food chain”) pertaining to the OLED marketplace. For the purposes of this study, we quantify and provide a market forecast for “Level 2”
Level 1 - Organic Materials, anode and cathode
Level 2 - OLED Lighting panel or tile with initial integrated frames (Without electronics and driver)
Level 3 - OLED Module, one or more panels (tiles) with control circuits, other value added components
OLED devices will actually use a value-added OLED product, complete with the electronics (plugs and wires), driver integrated circuits, and possible structural packaging (cap, metallic/plastic panel frames). Also, even further, these packaged/equipped panels/tiles (also known as OLED modules) will typically be available as part of other value-added product, such as lamp-holders/fixtures. Therefore, it is important to note that this market forecast data only quantifies the OLED device (sometimes referred to as a tile, light source, panel or sub-panel) and not the complete module, lamp/fixtures or other value-added product(s).
This report provides the market data by the following regional segments:
- Global (Total)
- America
- United States and Canada
- Latin America
- EMEA
- Northern Europe
- Southern Europe
- Western Europe
- Eastern Europe
- Middle East and Africa
- APAC
- China and Taiwan
- Japan
- Republic of Korea (ROK)
- Rest of APAC
This report provides the forecast by the following functions:
- Consumption Value: US$, Million
- Quantity: Number of square meter (m²) in Millions
- Average Selling Prices: ASP US$, per square meter
Value Market Forecast The worldwide consumption value of selected lighting OLEDs reached $187.6 million last year; consumption value is forecast to increase at an average annual growth rate of 49.7 percent to $1.4 billion in 2022 (1). The total consumption value is forecast an increase to nearly $8.14 billion in 2027. Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
In the early years of the forecast period, a large percentage of the use of OLEDs in lighting is associated with Research and Development (R&D). R&D costs are non-capitalized labor, which is used for research, design engineering, manufacturing development, and start-up, costs of new production lines. It does not include capital equipment and associated setup costs, marketing support, or normal production support; however it does include expense incurred while prototyping and developing a new process or production line.
Table of Contents
1. Executive Summary1.1 Overview
1.2 Solid-State Lighting (SSL) Lamps & Light Fixtures Used in General Lighting
2. OLED - Technology
3. OLED Lighting Market Forecast
3.1 Overview
3.2 America Market Forecast
3.3 EMEA Market Forecast
3.4 APAC Market Forecast
4. Profiles of OLED Competitors & Related Entities
- Acuity Brands, Inc.
- AIXTRON
- Applied Materials, Inc.
- Arkena
- AU Optronics Corporation
- BASF / BASF Future Business GmbH
- Beneq
- Boeing (The Boeing Company) Chi Mei Group
- Corning Incorporated
- CYNORA
- DELO
- Doosan Corporation Electro-Materials (DSE)
- Dow Electronic Materials (Dow Chemical Company)
- Duksan Hi-Metal
- DuPont / DuPont Teijin Films
- e-Ray Optoelectronics Technology Company
- Electronics and Telecommunications Research Institute (ETRI)
- E2M Technology
- First O-Lite, Inc.
- Fluxim AG
- Fraunhofer Institute for Photonic Microsystems (IPMS) - COMEDD (Dresden)
- General Electric Company
- Heraeus Precious Metals
- Hodogaya Chemical Group
- Idemitsu Kosan Company, Limited
- Industrial Technology Research Institute (ITRI)
- Intrinsiq Materials, Inc. (IM)
- JOLED Inc.
- Jusung Engineering Company, Limited
- Kaneka Corporation
- Kateeva
- Kintec Company
- Kolon Industries, Inc
- Konica Minolta Pioneer OLED, Inc. / Radiant Vision Systems
- Kyulux Inc.
- LG Electronics / LE Chem
- LOMOX Limited
- Lumiotec Incorporated
- Merck KgaA - EMD Chemicals Group
- Mitsubishi Chemical
- Mitsui Chemicals
- Miwon Commercial Co., Ltd.
- Momentive Performance Materials Inc.
- NEC Lighting, Limited
- Nippon Electric Glass Company, Limited (NEG)
- Nippon Steel and Sumikin Chemical Company Ltd.
- Nissan Chemical Industries, Ltd.
- Novaled GmbH
- nTact
- OLEDWorks LLC
- OSRAM Opto Semiconductors GmbH (Siemens AG)
- OTI Lumionics Inc. / aerelight
- Philips (Koninklijke Philips Electronics N.V.)
- Pixelligent
- PolyIC GmbH & Co. KG (Leonhard Kurz Stiftung & Co. KG)
- Polyphotonix
- PPG Industries Inc.
- RITEK Corporation
- ROHM Company Limited
- SAES Getters (SAES Group)
- Samsung Group / Cheil Industries / Novaled
- Sanyo Chemical Industries
- Schott AG
- Seiko Epson Corporation
- Showa Denko K.K.
- Simbeyond B.V.
- Solvay Group / Plextronics
- Sumitomo Chemical
- Sun Fine Chem (SFC)
- Sunic Systems, Ltd.
- Sung An Machinery Company Ltd. (SAM)
- TCL Corporation
- TCZ
- Thorn Lighting Limited
- 3M™ - Display Materials & System Division
- Tianma Micro-electronics Company
- Tokyo Electron Limited (TEL)
- Tohoku Pioneer Corporation (Pioneer)
- Toppan Printing
- Toray Group / Toray Engineering Company, Ltd.
- Toshiba Corporation
- Tridonic Dresden GmbH & Co KG (LEDON OLED Lighting GmbH & Co KG)
- ULVAC Inc. / ULVAC Technologies, Inc.
- Universal Display Corporation
- Veeco Instruments Inc.
- Verbatim (Mitsubishi Chemical Holdings Corporation Group)
- Visionox Company
- WiseChip Semiconductor Inc.
- XENON Corporation
5. Market Research Methodology
6. Definitions and Standards
6.1 Acronyms, Abbreviations, and General Terms
6.2 Lighting Standards and Protocols
7. Market Forecast Data Base/Introduction/Explanation of Excel Worksheets
7.1 Overview
7.2 Tutorial of the Excel Worksheets
List of Tables
1.1.1 OLEDs Used in Lighting Global Forecast, By Region ($ Million)
1.1.2 OLEDs Used in Lighting Global Forecast, By End-User Group ($ Million)
2.1 Comparison of Light Emission Efficiency and Light Emission Life
3.1.1 OLEDs Used in Lighting Global Forecast, by End-User Group ($ Million)
3.1.2 OLEDs Used in Lighting Global Forecast, by End-User Group (Million Square Meters)
3.1.3 OLEDs Used in Lighting Global Forecast, by End-User Group (ASP per Square Meter)
3.1.4.a Members - CERC Building Energy Efficiency Consortium - 2018
3.1.4.b Members - CERC Building Energy Efficiency Consortium - 2018
3.1.5 General Characteristics of OLEDs
3.1.6 OLEDs Used in Lighting Global Forecast, by Region ($ Million)
3.1.7 OLEDs Used in Lighting Global Forecast, by Region (Million Square Meters)
3.1.8 OLEDs Used in Lighting Global Forecast, by Region (ASP per Square Meter)
3.2.1 OLEDs Used in Lighting American Forecast, by Sub-Region ($ Million)
3.2.2 OLEDs Used in Lighting American Forecast, by End-User Group ($ Million)
3.2.3 OLEDs Used in Lighting USA/Canada Forecast, by End-User Group ($ Million)
3.2.4 OLEDs Used in Lighting Latin American Forecast, by End-User Group ($ Million)
3.2.5 Members of Next Generation Lighting Industry Alliance (NGLIA) - 2018
3.3.1 European Sub-Regions as identified by the United Nations Geo-scheme
3.3.2 Population in Northern Europe, by Country
3.3.3 Population in Southern Europe, by Country
3.3.4 Population in Western Europe, by Country
3.3.5 Population in Eastern Europe, by Country
3.3.6 OLEDs Used in Lighting EMEA Forecast, by Sub-Region ($ Million)
3.3.7 OLEDs Used in Lighting EMEA Forecast, by End-User Group ($ Million)
3.3.8 OLEDs Used in Lighting Northern Europe Forecast, by End-User Group ($ Million)
3.3.9 OLEDs Used in Lighting Southern Europe Forecast, by End-User Group ($ Million)
3.3.10 OLEDs Used in Lighting Western Europe Forecast, by End-User Group ($ Million)
3.3.11 OLEDs Used in Lighting Eastern Europe Forecast, by End-User Group ($ Million)
3.3.12 OLEDs Used in Lighting Middle East/Africa Forecast, by End-User Group ($ Million)
3.4.1 OLEDs Used in Lighting APAC Forecast, by Sub-Region ($ Million)
3.4.2 OLEDs Used in Lighting APAC Forecast, by End-User Group ($ Million)
3.4.3 OLEDs Used in Lighting China and Taiwan Forecast, End-User Group ($ Million)
3.4.4 OLEDs Used in Lighting Japan Forecast, by End-User Group ($ Million)
3.4.5 OLEDs Used in Lighting Republic of Korea Forecast, by End-User Group ($ Million)
3.4.6 OLEDs Used in Lighting Rest of APAC Forecast, by End-User Group ($ Million)
List of Figures
1.1.1 Japan - Fabrication Plant for Plastic Substrate Flexible OLED Lighting Panels
1.1.2 OLEDs in Lighting Global Market Forecast (Value Basis, $ Million)
1.1.3 OLEDs in Lighting India Market Forecast (Quantity Basis, Million/Units)
1.1.4 OLEDs Panels Used in General Lighting Global Market Forecast (ASP per Square Meter)
1.1.5 OLEDs Used in General Lighting Global Forecast, By Region ($ Million)
1.1.6 OLEDs Used in General Lighting Global Forecast, By End-User Group ($ Million)
1.1.7 OLED Lighting Panels
1.1.8 OLED Lighting Modules
1.2.1 Samples of Lighting Fixture Types, using LEDs
1.2.1 Samples of Lighting Fixture Types, using OLEDs
2.1 OLED Layer Diagram with Glass Substrate
2.2.a OLED Layer Diagram: as anode
2.2.b OLED Layer Diagram: as HIL-layer
2.3 Illustration of a Device to Stabilize 2D Materials
2.4 PIN Doping Technology
2.5 Blue OLED
2.6 Fully Stretchable OLED
2.7 High-Efficient Flexible OLED on Plastic
2.8 Fabrication of Large-Area OLED Lighting Module
2.9 Color-Tunable and Framed OLED Panel Modules
2.10 OLED Modules
2.11 Evolution of Research Emphasis during Technology Life Cycle
3.1.1 Product Life Cycle (PLC)
3.1.2 OLED Light - Curved Transparent Connection Solution
3.1.3 Kitchen Under-Cabinet OLED-Based Lighting System
3.1.4 PhOLED Performance Chart
3.1.5 Phosphorescent OLED (PHOLED) Lamp
3.1.6 OLED caster light for Broadcasting (TV) Studios
3.1.7 OLED Inkjet-Printing System
4.1 OLED-LED Indirect Direct Suspended Linear
4.2 OLED Wall Sconces
4.3 Electron Beam Array Test (EBT) system
4.4 OLED - Product Example
4.5 Thin Film Encapsulation for OLED Research and Manufacturing
4.6 Flexible Glass
4.7 Graphene-based transparent electrodes for OLED panels
4.8 All-in-one measurement platform
4.9 Fabrication of Large-Area OLED Lighting Module
4.10 OLED Desk Lighting
4.11.a OLED Layer Diagram: as anode
4.11.b OLED Layer Diagram: as HIL-layer
4.12 OLED Lighting Tiles with Initial Integrated Frames
4.13 Flexible OLED Facility (Turnkey Solution)
4.14 OLED Panels in Colors
4.15 OLED Vanity Mirror
4.16 OLED Lighting Panel
4.17 LED Panel Example versus an OLED Panel Example
4.18 OLED Panel Units with External Power Unit
4.19 OLED Lighting
4.20 Ultra-Thin Glass Sheet, Rolled on a cylinder
4.21 OLED Lighting Panel
4.22 Organic EL Display (OELD) Materials
4.23 Material set for high-performance OLED stacks for lighting`
4.24 OLED- Automobile Tail Lights
4.25 Fabrication of Large-Area OLED Lighting Module
4.26 OLED-Based Desk/Table Lamp
4.27 OLED Processing
4.28 OLED Screen
4.29 Packaging: Conventional LED and Flexible OLED
4.30 Transparent OLEDs
4.31 Organic Solutions Applied to Substrate
4.32 Comparison of PLEDs and SMOLEDs
4.33 Quality & Environment Management System
4.34 OLED evaporation process Equipment
4.35 Cluster Type OLED Equipment Layout
4.36 Coating Equipment
4.37 Polymer OLED Test Cells
4.38 Schematic illustration of printing method applied to glass substrate
4.39 Device structure and luminous efficiency
4.40 OLED Modules
4.41 Flexible OLED Modules
4.42 Corporation Structural Chart
4.43 OLED Panel Light
5.1 Market Research & Forecasting Methodology
6.1.1 MacAdam Ellipses Chart
Executive Summary
According to the market study results, the worldwide consumption value of selected lighting OLEDs reached and estimated $187.6 million ($0.188 billion) last year; consumption value is forecast to increase at an average annual growth rate of 49.7 percent to $1.4 billion in 2022. The total consumption value is forecast an increase to nearly $8.14 billion in 2027 (see Figure). All values and prices in this report are at factory as-shipped levels, and are in current dollars, which include the effect of a forecasted 5 percent annual inflation rate over the forecast period.In the early years of the forecast period, a large percentage of the use of OLEDs in lighting is associated with Research and Development. R&D costs are non-capitalized labor, which is used for research, design engineering, manufacturing development, and start-up, costs of new production lines. It does not include capital equipment and associated setup costs, marketing support, or normal production support; however it does include expense incurred while prototyping and developing a new process or production line.
According to market research report, there was enough overall OLED interest and activity in 2017 by substantial leading lighting competitors with existing capable manufacturing capabilities, working with evolving technology, to push for “mass-production”. Also, industry players have been very active in establishing the required strategic supplier and intellectual property (IP) agreements, as well as progress in sales/distribution channel (planning) strategy.
Therefore, the stage is set for a “Build-it and They Will Come” marketing strategy. The question is, how many customers will come and when. At the same time, other (competing) lighting solutions already work, have substantial customer base and established sales/distribution channels, occupying store footprint; therefore, OLED will need to find unique style/designs to provide a common-sense approach to providing lighting solutions that the other technologies do not currently provide.
The OLED panel market should not be limited to (only) lamps and typical (conventional) lamp fixtures for general lighting (table lamps, wall/ceiling fixtures). The author 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.
Companies Mentioned
- Acuity Brands, Inc.
- AIXTRON
- Applied Materials, Inc.
- Arkena
- AU Optronics Corporation
- BASF / BASF Future Business GmbH
- Beneq
- Boeing (The Boeing Company)
- Chi Mei Group
- Corning Incorporated
- CYNORA
- DELO
- Doosan Corporation Electro-Materials (DSE)
- Dow Electronic Materials (Dow Chemical Company)
- Duksan Hi-Metal
- DuPont / DuPont Teijin Films
- e-Ray Optoelectronics Technology Company
- Electronics and Telecommunications Research Institute (ETRI)
- E2M Technology
- First O-Lite, Inc.
- Fluxim AG
- Fraunhofer Institute for Photonic Microsystems (IPMS) – COMEDD (Dresden)
- General Electric Company
- Heraeus Precious Metals
- Hodogaya Chemical Group
- Idemitsu Kosan Company, Limited
- Industrial Technology Research Institute (ITRI)
- Intrinsiq Materials, Inc. (IM)
- JOLED Inc.
- Jusung Engineering Company, Limited
- Kaneka Corporation
- Kateeva
- Kintec Company
- Kolon Industries, Inc
- Konica Minolta Pioneer OLED, Inc. / Radiant Vision Systems
- Kyulux Inc.
- LG Electronics / LE Chem
- LOMOX Limited
- Lumiotec Incorporated
- Merck KgaA - EMD Chemicals Group
- Mitsubishi Chemical
- Mitsui Chemicals
- Miwon Commercial Co., Ltd.
- Momentive Performance Materials Inc.
- NEC Lighting, Limited
- Nippon Electric Glass Company, Limited (NEG)
- Nippon Steel and Sumikin Chemical Company Ltd.
- Nissan Chemical Industries, Ltd.
- Novaled GmbH
- nTact
- OLEDWorks LLC
- OSRAM Opto Semiconductors GmbH (Siemens AG)
- OTI Lumionics Inc. / aerelight
- Philips (Koninklijke Philips Electronics N.V.)
- Pixelligent
- PolyIC GmbH & Co. KG (Leonhard Kurz Stiftung & Co. KG)
- Polyphotonix
- PPG Industries Inc.
- RITEK Corporation
- ROHM Company Limited
- SAES Getters (SAES Group)
- Samsung Group / Cheil Industries / Novaled
- Sanyo Chemical Industries
- Schott AG
- Seiko Epson Corporation
- Showa Denko K.K.
- Simbeyond B.V.
- Solvay Group / Plextronics
- Sumitomo Chemical
- Sun Fine Chem (SFC)
- Sunic Systems, Ltd.
- Sung An Machinery Company Ltd. (SAM)
- TCL Corporation
- TCZ
- Thorn Lighting Limited
- 3M™ - Display Materials & System Division
- Tianma Micro-electronics Company
- Tokyo Electron Limited (TEL)
- Tohoku Pioneer Corporation (Pioneer)
- Toppan Printing
- Toray Group / Toray Engineering Company, Ltd.
- Toshiba Corporation
- Tridonic Dresden GmbH & Co KG (LEDON OLED Lighting GmbH & Co KG)
- ULVAC Inc. / ULVAC Technologies, Inc.
- Universal Display Corporation
- Veeco Instruments Inc.
- Verbatim (Mitsubishi Chemical Holdings Corporation Group)
- Visionox Company
- WiseChip Semiconductor Inc.
- XENON Corporation
