Costs of OLED lighting will drop in the approaching years, according to a report from Lux Research. But the technology will be unlikely to be able to stand up against other lighting options.
The report, Finding the End of the Tunnel for OLED Lighting, predicts OLEDs will drop to 41p/lumen on glass and 10p/lumen on flexible substrates by 2020. Research suggests that OLEDs will however, continue to lag behind competitive illumination sources.
Lux Research key findings include:
Designer lighting takes advantage of OLED form factors:
OLEDs particularly suit applications that can absorb high-priced fixtures, such as high-end hotels, casinos, and upscale bars and restaurants. Once commercial flexible panels emerge in 2015, adoption will see a bump for this market.
OLEDs’ high costs will limit growth in luminaires:
OLED panel manufacturers are targeting this market through strategic partnerships with luminaire designers. Lux Research projects it to be the second largest, after designer lighting, with a 2020 market size of £13 million.
Boost in flexible OLED lighting in second half of the decade:
Once flexible OLED lighting panels become commercially available in 2015, they will begin taking market share from glass panels. Their projected lower costs and the unique applications that flexibility enables, will propel them to become the leading OLED technology entering the next decade.