OLED Market Poised to Hit $2.7 Billion by 2015

Not too long ago, we pondered when OLED TVs would become widely available. Apparently, it’s a bit of a wait, but there is a time frame.

According to NanoMarkets, the OLED market is set to take off and reach a whopping $2.7 billion within about 6 years.
Some of this is accounted for by pressure from major electronics manufacturers on vendors to be able to produce the desired OLED material. Some of the push is from breakthroughs in OLED quality and improved manufacturing technologies. And some of the push comes from cool products already introduced that will be of great interest to consumers for their energy saving abilities. As Tech On reports:

As the world becomes more energy conservation oriented and concerned about energy costs this will drive rapid growth for the OLED lighting industry and hence the demand for OLED materials. By 2015, as much as 90% of OLED materials by volume will be consumed by lighting applications.

So, the wait time is calculable for larger OLED products like televisions and computer monitors. And hopefully that also means the death of energy-sucking old school technology is also calculable. However, it will also be interesting to see how this plays out with other well-loved and viable display options such as LED and LCD. While OLEDs will have a good chunk of market share, it is doubtful they'll really take over in the near future.

More on OLEDs:
OLED Screen with World's Longest Lifetime and Best Efficiency by TMDisplay
GE "major milestone": Printing Organic LEDs like Paper, Applicable to Solar Panels
LED and OLED Home Lighting Systems Almost Ready for Prime Time

Tags: Electronics | Energy Efficiency | Gadgets