Reading time ( words)
The analysts forecast the global OLED lighting panel market to grow at a CAGR of 70.29% during the period 2014-2019.
Companies are expected to select specific materials suppliers to provide specific inputs. This integration will enable the OLED lighting panel manufacturer to develop the panel with no or less uncertainty of the available materials. As the technology is still in its developing stage, very limited players are able to develop the technology. With highly efficient attributes, the technology is expected to reach the track soon. Thus, integration will ensure the availability of the product on time when the demand rises.
According to the report, OLED lighting panels have reshaped the lighting panel market. Products fitted with OLED technology have superior attributes such as design flexibility, low power consumption, enhanced light source, and thinner size. Design flexibility is one of the major driving attributes in the growing OLED lighting panel market. The flexible ultra-thin OLEDs enable manufacturers to integrate the lighting elements into the desired architecture. This has led to the creation of freefoam luminous objects that are easily installed in windows, wall partitions, staircases, and premium furniture.
The report, Global OLED Lighting Panel Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global OLED lighting panel market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.