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Printed, organic lighting market to hit $2.9B by 2012

Posted: 20 Jul 2007 ?? ?Print Version ?Bookmark and Share

Keywords:OLED? organic lighting market? printed lighting?

A new report from NanoMarkets LC forecasts that the printed and organic lighting market will exceed $2.9 billion by 2012.

According to the report, the higher energy efficiencies and ability to create novel lighting products provided by OLED and carbon nanotubes in particular will push the entire printed and organic lighting market up to $5.9 billion by 2014. In addition, most of the new business will come from the backlighting, general illumination and architectural/specialty industrial lighting applications with significant opportunities also in vehicular lighting, signage and a variety of niche markets.

The report also noted that since backlighting can represent as much as 38 percent of the cost of LCD displays, there is an immediate opportunity for OLEDs, especially printed OLEDs, to reduce costs. OLED backlighting is receiving serious attention from firms such as UDC, Toyota, Tohoku Device, OLED-T and Add-Vision.

Backlighting is an area where high-brightness LEDs (HB-LEDs) have achieved significant recent penetration, but ability of OLEDs to deliver light over a wide area, make them more suitable than the point source HB-LEDs. As a result, OLED backlighting will generate revenues of $1.9 billion by 2014, predicts NanoMarkets.

Furthermore, OLEDs promise a revolution in general illumination markets as an incandescent bulb lives for 1Khr, while OLED lights have already achieved 100Khrs. OLED lights are also already more efficient than incandescent lights and approaching the efficiency of fluorescent lights. OLED general illumination products have been targeted for funding by a variety of government projects in the United States and Europe, and this market expected to generate $1.4 billion by 2014.

Lighting markets based on carbon nanotubes will be worth about $520 million by 2014 and much of this lighting will be printed. Carbon nanotube lighting is very rugged and cost efficient and has the potential to create such novel products as transparent signage.

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