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Global Organic Light-Emitting Diode Lighting Market 2017-2021

  • Published: Mar 2017
  • Pages: 70
  • SKU: IRTNTR11880
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This market research study identifies OSRAM, LG Display, and OLEDWorks as the leading players in the global organic light-emitting diode (OLED) lighting market. A comprehensive analysis of this market is also presented by the end-user (industrial, residential, automotive, commercial, hospitality, and architectural) and geography (the Americas, APAC, and EMEA).

Overview of the global OLED lighting market

According to Technavio's analyst, the global OLED lighting market is anticipated to grow rapidly and will post a stupendous CAGR of close to 91% during the forecast period. The growing demand for energy-efficient lighting and eco-friendly lighting solutions will drive the growth prospects for the global OLED lighting market until the end of 2021. One of the major factors responsible for the increasing demand for the organic light-emitting diode (OLEDs) is the growing number of initiatives from governments and consumers to the reduce energy consumption and adopt power-saving lighting solutions as OLEDs are efficient in terms of lighting and power consumption. Also, OLEDs emit much lower levels of carbon as compared with their counterparts and solves the issue pertaining to the escalating energy cost and consumption. According to the industry research report, OLED bulbs are more durable than incandescent bulbs by up to thousands of hours while the OLED technology is extremely flexible and increases the potential for saving by effective use of lighting controls.

Rapid commercialization will drive the growth prospects for the global OLED lighting market for the next four years. Some of the major factors responsible for the commercialization of OLED lighting panels is its premium applications and functionality, increasing number of shipments of OLED panels and luminaires, and enhanced life spans.

Competitive landscape and key vendors

The global OLED lighting market is moderately competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors are increasingly focusing on revenue generation and market dominance in terms of experience, product portfolio, geographical presence, financial condition, research and developmental activities, and customer base. In addition, they are also focusing on expanding their OLED lighting panel manufacturing facilities to promote mass production and reduce the manufacturing costs of OLED lighting panels.

Key vendors in this market are -

  • OSRAM
  • LG Display
  • OLEDWorks

Other prominent vendors in the market include FIRST O-LITE, Lumiotec, NEC Lighting, Pioneer, and TOSHIBA.

Segmentation by end-user and analysis of the OLED lighting market

  • Industrial
  • Residential
  • Automotive
  • Commercial
  • Hospitality
  • Architectural

The global OLED lighting market for the hospitality sector accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. The growing trend for decorative lighting ranging from mood lighting to orientation lighting and the availability of various color combinations in metro cities will propel the demand for OLED lighting in the hospitality sector. Appropriate lighting plays an important role in hotels and restaurants by creating a balance between energy efficiency, functionality, simplicity, and style.

Segmentation by geography and analysis of the OLED lighting market

  • Americas
  • APAC
  • EMEA

In terms of geography, EMEA accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. One of the major factors responsible for the market's growth in the region is the increasing penetration of OLED lighting in the mass production of automobiles, which implements new and efficient OLED lighting technologies in various car models. For instance, some of the world's largest luxury car manufacturers such as BMW and AUDI are increasingly using OLED lighting technology and OLED Iconic Lighting to draw their customer's attention.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global OLED lighting market?
  • What are the key market trends impacting the growth of the global OLED lighting market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global OLED lighting market?
  • What are the market opportunities and threats faced by the vendors in the global OLED lighting market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global OLED lighting market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

From automotive lighting and displays to consumer electronics gadgets like gaming consolesOLED materials have found significance in several industries. Due to their benefits such as flexibility, large field of view, and lower power consumption, there is an increasing demand for OLED lighting, which intensifies the market's competitive environment. The upcoming market study report from Technavio on OLED lighting for the forecast period of 2017 to 2021 will help clients in the market realize factors that will challenge their market's growth in the next few years and also identify new growth opportunities in different geographical regions. With a complete collection of industry research reports that provide information on various parameters including technological advancements and the demand for the various products or services across the globe, Technavio helps its clients in the lighting sector, gain a competitive edge over competitors. Our market research reports also provide detailed information on the vendors who hold significant positions in the various markets of the hardware and semiconductor industry.

Global Organic Light-Emitting Diode Lighting Market SizeTo meet specific business requirement of clients, this upcoming market   research report on OLED lighting also takes into account the growth of similar markets such as OLED and microdisplays that will grow at a  CAGR of close to 15% and almost 24%, respectively, during the period of 2016 to 2020. Our market research experts predict that the rising adoption of OLED technology by automotive companies for display and lighting applications that fuel the growth of the automotive OLEDs will play a significant role in increasing the demand for OLED lighting across the globe. To help OLED lighting companies in the regional markets and businesses targeting particular customer segments improve their market positions, Technavio also provides personalized reports based on the specifications from clients.

The upcoming report for OLED lighting also identifies the major factors driving and challenging the growth of the lighting sector and also the emerging industry trends. By analyzing information on the changing preferences of customers and the products and services offered by major market vendors, Technavio helps clients get a realistic picture of the growth prospects of the hardware and semiconductor industry. 

Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights
  • Introduction
  • OLED lighting manufacturing process
  • Technology landscape

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by end-user

  • Global OLED lighting market for architectural sector
  • Global OLED lighting market for hospitality sector
  • Global OLED lighting market for commercial sector
  • Global OLED lighting market for automotive sector
  • Global OLED lighting market for residential sector
  • Global OLED lighting market for industrial sector

PART 07: Geographical segmentation

  • OLED lighting market in EMEA
  • OLED lighting market in Americas
  • OLED lighting market in APAC

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Impact of drivers on key end-user segments
  • Market challenges
  • Impact of challenges on key customer segments

PART 10: Market trends

PART 11: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 12: Key vendor analysis

  • OSRAM
  • LG Display
  • OLEDWorks
  • Konica Minolta

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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