The market for printed and organic lighting will exceed $2.9 billion by 2012, according to a report from NanoMarkets LC.
The report claims that the higher energy efficiencies and ability to create novel lighting products provided by organic LEDs and carbon nanotubes in particular will push the entire printed and organic lighting market up to $5.9 billion by 2014.
Most of the new business will come from the backlighting, general illumination and architectural/specialty industrial lighting applications with significant opportunities also in vehicular lighting, signage and a variety of niche markets.
Because backlighting can represent as much as 38 percent of the cost of LCD displays, there is an immediate opportunity for OLEDs, especially printed OLEDs, to reduce costs. OLED backlighting is receiving serious attention from firms such as UDC, Toyota, Tohoku Device, OLED-T and Add-Vision.
Late in 2006 NanoMarkets issued a report that predicted the market for organic light emitting diodes (OLEDs), organic thin-film transistors and other organic electronics is set to be $1.4 billion in 2007 and to grow to $19.7 billion in 2012, equivalent to a compound annual growth rate of 70 percent.
Full report http://www.nanomarkets.net
