FARMINGTON, Conn., March 27, 2013 /PRNewswire-iReach/ -- The OLED lighting market continues to evolve from its earliest days of luxury luminaires and show pieces. Most of the industry's observers and participants have been targeting the year 2016 as the year that OLED lighting was to really take off. Unfortunately though, in the past year the market showed no discernible technical advancements and from the manufacturing standpoint, there has been insufficient progress on bringing yields up and costs down to support OLED lighting's entry into general illumination applications like office lighting. Production facilities remain insufficient and the economies within both Europe and Japan are severely dampening market prospects. Last but not least, the industry lacks a true market "champion" that will lead the business forward.
While the OLED lighting products business can still surpass $2 billion in revenues by 2020, number of market and technical factors will need to be overcome for this market opportunity to fully emerge. To realize the potential, several challenges remain, including the needs for performance improvements, standardization, cost reductions, capacity expansion, and development of demand-side market pull.
A new report "OLED Lighting Market Forecasts 2013" examines three possible scenarios for the OLED lighting business:
OLED market scenario 1: One or two "champion" firms will emerge (perhaps with government support), make substantial performance and process improvements, and sufficiently expand production capacity to bring costs down to a level that with finally enable penetration of general illumination markets.
OLED market scenario 2: If no champion emerges, costs stay high, and performance lags the competition then OLED lighting will be relegated to specialty, niche-only luxury lighting with a market value unlikely exceeding $500 million in revenues before the end of the decade. This will certainly lead to a large exodus from the business.
OLED market scenario 3: Industry fails to attain any reasonable targets – cost or otherwise – and thus relegating the technology to the dustbin of abandoned "revolutionary" technologies.
Request free sample pages from NanoMarkets' "OLED Lighting Market Forecasts 2013" at http://www.giiresearch.com/report/nan263736-oled-lighting-market-forecasts.html
OLED lighting output efficiency increases to greater levels with the help of photonic crystal technology. However, a combination of technology and business factors has kept large-scale commercialization of photonic crystals in particular and photonic circuitry in general at bay.
"Global Markets and Technologies for Photonic Crystals" is a new report from BCC Research that covers the market potential for photonic crystal modules and components. The report breaks down the overall photonic crystal market for light-emitting diodes (LEDs), solar photovoltaic cells, displays, biosensors, image sensors, optical fibers, discrete and integrated optical components, lasers and supercontinuum sources. Applications covered include: automotive, energy, utilities and lighting, medicine, telecom, industrial, office space, defense, surveillance, computing, and white goods.
Find out more about BCC Research's "Global Markets and Technologies for Photonic Crystals" and request free sample pages at http://www.giiresearch.com/report/bc196805-photonic-crystals-materials-technologies-global.html
Find more market research for the OLED and lighting industry
With nearly 30 years of market research experience, Global Information, Inc (GII) is the single best resource for companies entering new markets, expanding their business, and securing their positions in their respective industries. With tens of thousands of reports from over 400 publishers in nearly every vertical market, our market research and forecast data can give companies the edge they need to stay ahead of the competition and plan for every contingency.
The reports above are just a few examples from the hundreds of research reports we have available for the LED lighting market. For a free consultation on the market research you need, contact us today!
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Information, Inc.