Report predicts OLED market to reach $2.9 billion by 2015

According to the report Markets for OLED Materials: 2010-2017, produced by US-based industry analysis firm NanoMarkets, the OLED market will grow from around US$420 million in 2010 to $2.9 billion in 2015, with OLED lighting expected to consume approximately 70% of OLED materials. OLED lighting has fewer materials challenges than equivalent-sized displays and is a major factor in why this part of the market is taking off.

NanoMarkets tracks and analyses emerging market opportunities in energy and electronics markets created by developments in advanced materials. This report provides an analysis of the commercial opportunities for materials used in OLED lighting and displays, including the electrodes and encapsulation, substrate and organic layers, and discusses the wide variety of OLED applications, including general and architectural illumination, backlighting and electronic equipment.