NanoMarkets has been actively tracking the emerging OLED lighting sector now for more than six years, and this report is the latest in our ongoing series of industry analysis of the sector. In the report, we quantify the market opportunities for OLED lighting over the next eight years by providing granular volume and revenue forecasts for both OLED lighting panels and downstream OLED luminaires.
As part of our analysis, we assess the OLED lighting supply chain, and we predict the likely pathways and time frames for commercialization of OLED lighting in different applications. We consider how the industry's latest commercialization strategies and technical developments are influencing the prospects of this emerging market, and we examine the key players. Applications for OLED lighting covered by this report include: luxury consumer lighting, decorative lighting for large buildings and showrooms, office lighting, residential lighting and automotive lighting.
The OLED lighting market continues to evolve from its earliest days of luxury luminaires and show pieces. Today, office lighting is expected to become a critical entry point for widespread commercialization, and automotive and residential lighting also represent major potential markets. To realize the potential, however, several challenges remain, including the needs for performance improvements, standardization, cost reductions, capacity expansion, and development of demand-side market pull.