Global Organic Light-Emitting Diode Lighting Market 2017-2021

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:

• Global Automotive OLED Market 2017-2021
• Global OLED Market 2016-2020
• Global Motorcycle Lighting Market 2017-2021

From automotive lighting and displays to consumer electronics gadgets like gaming consoles, OLED 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.

To 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.