OLED lighting market to reach $6 billion by 2018

The OLED lighting market will reach $6 billion by 2018, according to a recent report. The report notes that the OLED market will start to pick up in 2011, with Philips, GE, Konica Minolta, Lumiotec, and OSRAM entering mass production.

OLED lighting devices emit from the surface, can be made flexible/rollable, and even transparent like a window or reflective like a mirror, said an analyzer of a market research firm. OLED lighting is thin, rugged, lightweight, and has fast switch-on times, wide operating temperatures, no noise and is environmentally friendly. The power efficiency of OLED lighting has also improved dramatically in recent years.

Sony debuted the first OLED TV in the U.S. and has since joined forces with Panasonic, Sharp, and Toshiba to mass produce OLED TVs and reduce manufacturing costs. The firm previously predicted that the OLED display market will see sales hit $3.1 billion by 2012. Now the firm also believes OLED displays will be the fastest-growing application over the next eight years.

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