Organic light-emitting diodes (OLEDs) are likely to be one of the key technologies of the future, especially in display and lighting applications. Currently, applications that promote the adoption of this technology include portable personal display devices such as cell phones and personal media players. Although the Asia Pacific region dominates the global display application, the European region's research and technology development advantages also enable it to continue to have a place in the global market.
The newly released analysis report "European Organic Light Emitting Diodes Market" shows that the market's revenue in 2006 was $124.2 million and is expected to reach $701.5 million by 2013.
Frost & Sullivan research analyst Rengarajan Srinivasan said: "Compared with competing technologies (such as liquid crystal displays), the advantages of organic light-emitting diodes are playing a substantial role in promoting market progress. Organic light-emitting diodes are a system that can emit light. Does not require background light, so they can be more fiber-reinforced"
Organic light-emitting diodes consume less power and their low power consumption is driving their use in portable displays. At the same time, its environmental advantages have prompted the EU to invest in industry-leading research activities. These studies are dedicated to the commercial application of organic light-emitting diodes. These efforts have made Europe a leading region in the field of lighting research.
However, the development of organic light-emitting diode lighting also faces many obstacles, such as brightness performance and material life. In addition, due to competition between organic light-emitting diodes, inorganic light-emitting diodes, and fluorescent lamps, cost has become a major factor affecting the adoption rate. Addressing these challenges is likely to accelerate the commercialization of mainstream lighting applications beyond 2010.
In addition, the proliferation of many vendors in the value chain in the market will complicate product development and delay time-to-market. At the same time, higher costs and uncertainty associated with demand will also cause confusion throughout the supply chain.
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