A report released by DisplaySearch on Thursday says that the OLED lighting will become a $6 billion industry by 2018.
There will be an uptick in OLED (organic light-emitting diode) lighting going from small sample products to mass production with Phillips first then GE closely to follow as the leaders in the space, according to the report by Jennifer Colegrove, director of display technologies at DisplaySearch.
The surge should start to happen in 2011.
No one's disputing Colegrove over the birth of cool tech made possible by OLEDS in past years. She gets it right.
"OLED lighting devices emit from the surface, can be made flexible/rollable, and even transparent like a window or reflective like a mirror. OLED lighting is thin, rugged, lightweight, and has fast switch-on times, wide operating temperatures, no noise, and is environmentally friendly. The power efficiency of OLED lighting has also improved dramatically in recent years," Colegrove said in her report.
It just seems like every year someone feels the need to release a report on the "bright future of OLEDs."
Only this year, probably in large part to our failing economy, the future is not looking so bright anymore compared to what OLED fans said two years ago.
While the data comes from two different research firms, it's hard not to compare the differences in the figures released between 2007 and 2009 for OLED displays:
In February 2007, NanoMarkets predicted the OLED display market will reach about $7.2 billion by 2014. A February 2009 DisplaySearch report predicted the OLED display market will reach $6 billion by 2015.
It may just look like a slightly different number in print, but that's a whole lot of cell phone displays someone's not planning to make anymore.