OLED lighting demand will take off, LG Display is expected to become the biggest winner

The global OLED lighting panel is expected over the next few years will grow rapidly, according to research firm UBI Research latest estimates, 2020 OLED lighting panel market scale will be expanded to $1 billion 600 million, LG Display South Korean panel factory in place of the current technology is expected to become the biggest winner.

UBI in the just released annual report pointed out that in 2016 the output value of the OLED lighting panel will reach $114 million, after 2017-2025 years, the average annual growth rate of 66%. (Businesskorea.co)

OLED lighting has the advantages of high efficiency and wide application range, so the development of concern, with the increasing national norms of electricity saving, OLED lighting demand visibility is greatly improved.

In early 2016, LG chemical OLED lighting business will be handed over to LG Display (LGD), so that LGD has become the industry's only production of OLED lighting panel technology company. LG Display is currently trying to expand production capacity, UBI estimated 2020 sales market share up to 53%.

In the field of application of OLED, indoor and automotive lighting has the most room to play, in addition, outdoor, medical and exhibition also has great potential.

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