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Finding the End of the Tunnel for OLED Lighting

Organic light-emitting diode (OLED) lighting has received much attention due to the potential of the technology for unique designs and cheap devices. However, the current state of OLED lighting – with high cost, modest efficacy, and poor lifetimes – is far from realizing that potential.  OLED will continue to lag other lighting technologies on price, and therefore will only command a $58 million 2020 market share. New applications that take advantage of OLED’s unique properties – such as flexibility and transparency – while absorbing a high price are required for initial OLED growth, and OLED will remain a minor player in lighting until such applications are uncovered.