Market research company Yole Developpement released a new OLED lighting market report (OLED for Lighting – Technology, Industry and Market Trends) in which they predict a $1.5 billion OLED lighting market in 2012 (up from nearly $30 million in 2015).

The company sees the general lighting market driving this growth. But for this to happen, enough niche markets have to be identified and accessed to create a minimum production scale that will enable price reductions. In addition, the advantages of OLEDs has to be clearly demonstrated to customers.

<Source: Oled-Info>