Within a few years, OLED lighting will provide serious competition for LED lighting in several home and office applications, according to a new OLED lighting market report from Cintelliq.

The report entitled “OLED Lighting: Products, pricing, capacity, cost and forecasts 2011-2020” analyses the OLED lighting industry to understand how current products, pricing, capacity, and costs will evolve in the future and how this will impact market forecasts.

“This latest report shows that the OLED Lighting market will be worth US$ 2.8 bn by 2020, panel pricing will be about US$20 per kilo-lumen, and production capacity will be equivalent to more than 60 million 2ft fluorescent tubes,” said Craig Cruickshank, lead analyst with Cintelliq Ltd.

“As OLED lighting manufacturers continue to increase production capacity, raise production yields and improve product performance, panel pricing will fall significantly over the next 2 to 5 years. Further price falls will be driven by the adoption of Gen-5.5 manufacturing equipment, resulting in lower costs and higher throughput, coupled with increasing device performance,” added Cruickshank. “Between 2015 and 2020, OLED lighting is poised to become a serious competitor to LED lighting for a growing number of home and office applications.” (Source: LEDs Magazine)