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OLED Lighting Market Outlook and Industry Status Analysis

Return list Reffer:UIV Click number:- Release time:2018-03-16

According to forecasts of ElectroniCast Consultants, a California-based market research firm, OLED lighting will grow at an average annual rate of 75% and will reach US$2.4 billion by 2020. By 2023, the total output value of OLED lighting is expected to soar to a maximum of US$6.7 billion. Then, by 2025, it is expected to fall back to 5.5 billion U.S. dollars.

 

Global OLED lighting is still in the early stage of industrialization. Countries in Europe, America, Japan, and South Korea have developed development plans from a strategic height in order to accelerate the seizure of the commanding heights of the industry. The European Union has established a number of development projects such as the "OLED-100 Plan"; the US Department of Energy's multi-year solid-state lighting plan has been in effect for nearly 10 years; the Korean government plans to replace all lighting sources with solid-state lighting by 2027; the Japanese government expects that in 2030 The overall realization of the fourth generation of efficient lighting. Currently, Japan and South Korea, which are at the forefront of OLED lighting technology, are developing at a faster pace. The Japanese and South Korean industry understands traditional consumer electronics products. Because there are many competitors and profitability is not easy to increase, it is necessary to enter the automotive and lighting fields to expand the product line to a high-priced, stable-demand commercial area and open up new markets.

 

China's OLED lighting technology started late. At the same time, due to the lack of technology, the development of domestic OLEDs has been relatively slow. Although China's OLED industry has broad prospects, related domestic companies are currently undergoing corresponding accumulation, and there is still a relatively large obstacle to development for domestic manufacturers. It is obviously more urgent for domestic traditional manufacturing enterprises to enhance their overall R&D capabilities and industry trend research capabilities. As an emerging development industry, whether domestic companies can relocate to master OLED discourse and break through profit margins is worth paying extensive attention.

 UIV OLED flexible panel

The development of OLED lighting has made great progress. OLED light source as a revolutionary breakthrough in the lighting industry, its development is generally optimistic about the industry. However, as a new lighting method, to achieve sustainable development, OLED technology must be further improved, and it needs to make breakthroughs in luminous efficiency, service life, and display quality.

 

In the development stage where the global energy is limited and the demand for sustainable development of the environment is rising, the issue of energy conservation is an important issue for all countries. OLED lighting technology can exert a certain effect on energy saving. Continuously improving and perfecting this technology can maximize the efficiency of actual operation. It can be said that in the future, OLED lighting will become the dominant force in the global lighting market.

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