2016 OLED Lighting Market Forecasts Up to $4.8 Billion

According to a report released by NanoMarkets, the company predicts that the 2016 global OLED lighting market scale is expected to reach 4.8 billion U.S. dollars, of which Europe is about 1.5 billion U.S. dollars and Asia is 2.1 billion U.S. dollars. Asia is the largest in Japan, with a forecast of US$1.1 billion in 2016, China’s forecast of US$420 million, and South Korea’s US$230 million; it’s worth noting that South Korea’s two influential companies, Samsung and LG, are both There is a commitment to this area, so the importance of the country from the perspective of the global market cannot be underestimated.

In the European market, Germany has the largest share, and its share in 2011 to 2018 should be around a quarter. The country has many OLED manufacturing facilities operated by BASF, Fraunhofer IPMS, Philips, Heraeus, Osram, Ledon, Merck and Novaled; the market size for 2016 is estimated to be approximately $360 million. The United Kingdom is the second largest market in Europe, with OLED lighting related revenue forecasted at US$210 million; the country’s key players include Cambridge Display Technology, E2M, Lomox, and PolyPhotonix. NanoMarkets pointed out that European companies including Blackbody, Osram and Philips have now dominated the global OLED lighting market, and this trend will continue in the future.