Industry analyst firm NanoMarkets has released its latest report titled, “OLED Lighting Markets Asia-2011,” that says the market opportunities in Asia for OLED lighting will generate $2.1 billion by 2016. The report is the latest in NanoMarkets’ continuing coverage of the global OLED lighting marketplace. Additional details are available here.
NanoMarkets will soon release additional reports during April and May that will address the market for OLED lighting in Europe, a forecast of global manufacturing for OLED lighting, and an update of the firm's global market forecast for OLED lighting.
• NanoMarkets’ report states that Japan will dominate the OLED lighting business through 2014 despite lingering issues from the earthquake and tsunami. Japanese consumers have greeted LED lighting enthusiastically and will do the same as OLED lighting gets onto retail shelves. Meanwhile, Japanese firms are taking up key positions in every part of the worldwide OLED lighting supply chain from design and manufacture through to wholesale distribution. Sales of OLED lighting in Japan are expected to reach $1.1 billion by 2016.
• Although, the addressable market for OLED lighting in China is limited, NanoMarkets expects the Chinese OLED lighting market to reach $420 million by 2016. OLED lighting markets and manufacturing in China are expected to benefit from current Chinese industrial policy which emphasizes the need to develop high-tech industries to serve the domestic Chinese market.
• Korea is early in its embrace of OLED lighting and NanoMarkets predicts sales of only reach $230 million by 2016. But, the influence of both Samsung and LG cannot be understated as both have made a strong commitment to OLED lighting and NanoMarkets notes how Samsung’s strong international brand has brought OLED displays into the mainstream. The firm sees great potential for OLED lighting from Samsung’s involvement in the technology.
About the report:
This new report from NanoMarkets identifies the new business opportunities for OLED lighting in Asia and examines both consumer demand in the major countries and the manufacturing infrastructure that is developing for OLED lighting in this region. The main countries covered are Japan, China, Korea and Taiwan, but the report examines markets in other Asian countries, such as India and the Philippines, where NanoMarkets expects OLED lighting markets to emerge in the next few years. The report includes a detailed eight-year forecast broken out by nation and by type of lighting. The lighting types covered in this report include general illumination, architectural lighting and vehicular lighting.
NanoMarkets tracks and analyzes emerging market opportunities in energy and electronics markets created by developments in advanced materials. It provides regular and comprehensive industry analysis of the OLED lighting space and the firm is recognized as a leading source of expertise for the OLED lighting supply chain. Visit www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.