Organic light emitting diode (OLED) lighting has the potential to create cheap, pleasing light in flexible form factors. However, the technology is immature and costly today. According to a new report from Lux Research, OLED lighting costs will drop by more than an order of magnitude over the course of this decade, but the technology will still remain uncompetitive with other lighting options, and amount to a mere $58 million market in 2020.
The report, titled “Finding the End of the Tunnel for OLED Lighting,” analyzes prospects for OLED lighting fixtures which emit diffuse, glareless illumination from either glass or flexible panels. It projects that OLED lighting costs will drop from $18/lumen today to $0.71/lumen on glass and $0.18/lumen on flexible substrates by 2020. Despite this marked improvement, OLED lighting costs will still lag behind competitive illumination sources, limiting broad adoption.
